FINDER EXPLORATION

“Growing the Portfolio”Good Oil Conference - 8 September 2010

Technology

Opportunity

Knowledge People

“FIND OIL AND GAS”

through the advancement of “high impact”oil and gas exploration acreage

Vision

WHY IS FINDER UNIQUELY PLACED?

1. Private company;

2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);

3. Utilising expertise, data base and relationships to capture opportunities;

4. Detailed risk mitigation and regional work undertaken in-house; and

5. Proven track record of farm-out and acreage acquisition success.

Private

“FIND OIL AND GAS”

through the advancement of “high impact” oil and gas exploration acreage

Vision

WHY IS FINDER UNIQUELY PLACED?

1. Private company;

2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);

3. Utilising expertise, data base and relationships to capture opportunities;

4. Detailed risk mitigation and regional work undertaken in-house; and

5. Proven track record of farm-out and acreage acquisition success.

Finder’s Australian Acreage

100%*

~32%

100%*50%*50%*

50%* 50%*

60%*60%*

55%*

100%*

100%*

25%

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

with material participating interests

“FIND OIL AND GAS”

through the advancement of “high impact” oil and gas exploration acreage

Vision

WHY IS FINDER UNIQUELY PLACED?

1. Private company;

2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);

3. Utilising expertise, data base and relationships to capture opportunities;

4. Detailed risk mitigation and regional work undertaken in-house; and

5. Proven track record of farm-out and acreage acquisition success.

Expertise• Senior staff have diverse & complementary range of backgrounds, skills & experiences

• Over 95 years of expertise in global oil and gas exploration

• Current staffing level of 10 (+ consultants)

Key Personnel

Jan OstbyManaging Director

• 28 years• ex Fugro / Seismic

AustraliaDariusz JablonskiExplorationManager

•20+ years•ex Woodside

Shane WestlakeTechnical Project Manager

• 9 years• ex PGS

Craig GumleyOperations & JV Manager

• 25 years• ex Santos

Don PykeCommercial Manager

• 15 years• ex Fugro / Seismic

Australia

“FIND OIL AND GAS”

through the advancement of “high impact” oil and gas exploration acreage

Vision

WHY IS FINDER UNIQUELY PLACED?

1. Private company;

2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);

3. Utilising expertise, data base and relationships to capture opportunities;

4. Detailed risk mitigation and regional work undertaken in-house; and

5. Proven track record of farm-out and acreage acquisition success.

Basin scale regional assessment – Nth Carnarvon

Mutineer

Exeter

Eaglehawk

Goodwyn

Persephone

EgretLambert

Carteret

North Rankin

Persesus

Capella

Bounty

Fletcher

WA-418-P

Oxfordian unconformity 3D depth visualisation

east-west dimension ~100 km

Our regional assessment allows us to challenge the paradigms

“FIND OIL AND GAS”

through the advancement of “high impact” oil and gas exploration acreage

Vision

WHY IS FINDER UNIQUELY PLACED?

1. Private company;

2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);

3. Utilising expertise, data base and relationships to capture opportunities;

4. Detailed risk mitigation and regional work undertaken in-house; and

5. Proven track record of farm-out and acreage acquisition success.

Farmouts – while retaining a material interest• Nth Browse - AC/P 44 and AC/P 45 - Perenco• Nth Browse - AC/P 52 - Sasol• Nth Carnarvon - WA-450-P - Apache Energy• Northern Dampier - WA-418-P - ????

Recent Success

New Permits• Awarded 3 new Permits from 2009 Gazettal release• All nearby oil and gas discoveries - Carnarvon (2), Bonaparte (1)

With ~4,000 km2 of new 3D seismic data

driven by new 3D seismic data!

Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

Base Triassic

JO

ZetaPermian Gas

Intra Triassic Play??

S NLine 87jb-25 – Full stack

AC/P 45 – Finder 60%Line 8801-01 – Far Angle stackDelta-1

67T68T

T56T

JO

AlphaPuffin Oil

• Farmed out 40% to Perenco in Nov. ’09

• 7 Puffin oil prospects and leads withAlpha 240 mmbbls highside STOOIP

• 3 Permian gas leads withZeta 11 TCF highside OGIP

• Drill in 2011/2012?

SW NE

Ichthys

Scott Reef/Brecknock

Argus3D = 864 km2

Puffin

driven by new 3D seismic data!

Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2

• Cartier West = ~517 km2

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

AC/P 52 – Finder 55%

JO

AC/P52

KC

CronusArgus Field

JO

JO

KV

Cronus-1 PGS line 32 – seabed distortion removed

Low Reflectivity = no volcanics

SubcroppingTriassic

New Dawn MC-2D GeoStreamer Data – courtesy of PGS

• Farmed out 45% to SASOL in Dec. ’09

• Critical uncertainty is resource size, to be addressed with 3D seismic

• Cronus Jurassic/Triassic gas prospect with 12 TCF highside OGIP

• Drill in 2011/2012?• Other prospectivity “on block”

IchthysScott Reef/Brecknock

Argus

3D = ~517 km2

Poseidon

driven by new 3D seismic data!

Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2

• Cartier West = ~517 km2

• Tiffany = ~731 km2

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

AC/P 44 – Finder 60%

Ichthys

Scott Reef/Brecknock

Argus

Puffin

• Farmed out 40% to Perenco in Nov. ’09

• 3 Triassic oil/gas prospects & leads with Omega 570 mmbbls STOOIP or5 TCF highside OGIP

• Drill in 2012?• Plus 5 Puffin oil leads in south

Strike Line BR98-214 – Full Stack

Base Triassic

JO

TO

OmegaProspect T

KCR

C

SW NE

Shallow Amplitude

Velocity Push Down

0 5km

JO KC

TOFlatspot

Push Down

3D = ~731 km2

driven by new 3D seismic data!

Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2

• Cartier West = ~517 km2

• Tiffany = ~731 km2

• Phoenix = ~1,100 km2

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

Bedout Basin – Finder 50%

• 4 Permits granted August 2009

• 3D to identify reservoir sweet spots• Proven Triassic Phoenix gas resource with

1 TCF highside OGIP• Phoenix South (3.5 TCF) + Roc lead• Drill in 2011/2012?

Phoenix

Phoenix South

3D = ~1,100 km2

Phoenix South

Roc

Phoe

nix-

1

Ker

audr

en-1

8-12% porosity

20% porosity

Improving reservoir characteristicsNW SE

Port Headland

W E

driven by new 3D seismic data!

Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2

• Cartier West = ~517 km2

• Tiffany = ~731 km2

• Phoenix = ~1,100 km2

• WA-418-P = ~650 km2

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

WA-418-P – Finder 100%

• Farmout commenced June 2010 & currently in final negotiations

• 15 P&Ls over four primary play levels• Hyde Legendre prospect with highside

780 mmbbls STOOIP &Nth Rankin 16 TCF highside OGIP

• Drill in 2012?

S S

R

C

C

R

C0 5km

S N

Angel

Legendre

Nth Rankin

Athol

Hyde

3D = ~650 km2

W E

R

C

R

C

C

SS

0 5km

Hyde Childers

driven by new 3D seismic data!

Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2

• Cartier West = ~517 km2

• Tiffany = ~731 km2

• Phoenix = ~1,100 km2

• WA-418-P = ~650 km2

• WA-450-P = ~225 km2

Ichthys

Jansz/Io

Scott Reef/Brecknock

Petrel

Bayu/Undan

Rankin Trend

Gorgon

Gorgon

Clio

OlympusKeto-1

Zeepaard-1

WA-450-P

Zola Prospect

Oxfordian depth map looking north-east

Sappho-1

WA-450-P – Finder 25%

• Farmed out 75% to Apache in Aug. ’10

• Play rich block south of Clio and Gorgon• Olympus is standout Triassic prospect with

12 TCF highside OGIP• New pSDM across the Permit• Drill commitment in 2012/2013

Flatspot

Olympus Prospect

line B91-40 - Data courtesy of Searcher Seismic

3D = ~225 km2

Finder - realising the vision

• Complete the ~4,000 km2 of 3D seismic data over multiple blocks;

• Interpret the 3D data & mature prospects in each Permit to drill ready;

• Farm-out and participate in the drilling of wells in 2011/2012.

“FIND OIL AND GAS”

Finder Contact Details

The information, statements, opinions, data or other material (“Information”) contained within this document has been prepared by Finder Exploration Pty Ltd (“Finder”) with reasonablecare and no representation, warranty, or undertaking, express or implied, is made by Finder in relation to the adequacy, accuracy, completeness, correctness, fairness or usefulness of theInformation disclosed herein. Use of the Information shall be at a third parties own risk and third parties should undertake their own independent assessment of the Information and verifyall information upon which it intends to rely, to its own satisfaction. Finder accepts no responsibility or liability for any errors or omissions from the Information, however caused.

For further information on this presentation please contact:Craig M. GumleyOperations & Joint Venture Manager

Don PykeCommercial Manager

email: c.gumley@finderexp.com

email: d.pyke@finderexp.com

Phone: +61 8 9327 0114Fax: +61 8 9327 0101

Phone: +61 8 9327 0155Fax: +61 8 9327 0101

Website: www.finderexp.com

Visit:9 Richardson StreetWest Perth WA 6005