Armour Energy Limited provided surat work programme operational update. Warroon-1 Fracture Re-stimulation Update: The Warroon-1 fracture re-stimulation is expected to take place following successful mobilisation of equipment and crews. This programme was forecast to commence pre-Christmas, but wet weather along with the availability of key contractor personnel and continuing COVID-19 travel restrictions between Queensland and Western Australia resulted in further delays.

The fracture re-stimulation is to be executed by Schlumberger following successful mobilisation of equipment and crews. The fracture re-stimulation programme is targeting an unproduced gas-bearing interval in the Basal Rewan formation sandstone which has previously not been commercially produced in the Warroon Field. Following a successful re- stimulation, first stabilized gas flows are expected within 2 to 3 weeks.

Myall Creek-2 Programme Update: The workover programme on Myall Creek-2 has also commenced. The well will be cleaned out and recompleted to enable testing of potential bypassed pay in the Tinowon C reservoir. A workover rig will isolate the depleted Tinowon A perforations behind a straddle packer arrangement designed to facilitate future fracture stimulation.

The Tinowon C reservoir will be perforated through tubing and flow tested inline for a 30-day extended production test. At the end of the test period, a decision will be taken on the feasibility and timing of the Tinowon C stimulation. As part of the programme, a Pulsed Neutron Log will also be conducted to evaluate the gas saturations of the Bandanna and Black Alley reservoirs as future stimulation targets.