1. 1 Melbourne Mining Club 3 October 2013

2. 2 The benefits of natural gas (CH 4 ) High hydrogen, hence cleaner burning than coal Reduced water demand Able to provide flexibility to cover base and peak loads Potential to underpin the development of a new and scalable petrochemical industry (explosives, fertilisers etc) Possibility of building a new era for high purity diesel and jet fuel via gas to liquids ….but, Eastern Australia is short gas

3. 3 2002 – Australian east coast gas outlook

4. 4 Today – Australian east coast gas outlook Existing domestic east coast contracts Source: Core Energy Group, July 2012 Projected east coast total demand Gladstone LNG facilities Uncontracted gas

5. 5 Reg Sprigg - Founder of Beach Energy

6. 6 Company overview ASX 100 listed oil and gas exploration and production company Market capitalisation of ~A$1.8 billion Largest Cooper Basin oil producer Sixth largest Australian oil producer Strong balance sheet with cash of $348 million at 30 June 2013 Undrawn secured debt facility of A$320 million FY13 – record underlying NPAT of $141 million, record total revenue of $700 million

7. 7 Cooper Basin acreage

8. 8 NTNG permits and wells

9. 9 Major basins of Australia

10. 10 Key Australian pipeline network

11. 11 Key basins well served by infrastructure

12. 12 What needs to happen next…. Firm and far reaching policies need to be set Regulation needs to be streamlined and harmonised Scientific principles by principled scientists National backing needed for all LNG projects