aoe timeline, page-17

Some more information about AOE

AOE listed on the ASX as a $5M IPO float in August 2000.

Kogan North made its first gas sales in January 2006.

In April 2006, AOE and CH4 Gas completed a friendly merger that created a leading Australian CSG company, and provided the second development project at Moranbah.

A third production project at Daandine started in September 2006 and involved the conversion of gas to electricity for the first time.

A fourth gas development project at Tipton West started in February 2007.

Arrow Energy is a significant shareholder of Apollo Gas and has a 21% interest in the Company. In addition to its shareholding, Arrow Energy has also entered into farmin
agreements with a wholly owned subsidiary of Apollo Gas, providing Arrow Energy with the opportunity to earn up to a 50% interest in PEL 458 (Newcastle) and PEL
464 (Gunnedah).