Ann: Quarterly Activities Report, page-4

<50 km from Queensland Gas Pipelinenetwork•

Pipeline Survey Licence PSL-2028 wasgranted for a 2 year term from 01/08/2018

Preferred Route• Connecting PL 231 withthe Queensland GasPipeline (PPL 30/116)• Utilizing road reservewhere possible – incl.Rewan Road andWyseby Road• Possible synergies withSantos/Origin’s ATP1191 and PL 451• Approximately 47km ofnew pipeline to connectwith Queensland GasPipeline network

State Gas operates successfully with a small team and limited resources andhas received initial approaches and interest to progress the Reid’s Dome GasProject, including partnering and corporate transactions. The Board seeksto ensure that discussions include all qualified and interested parties. Continue discussions with interested parties regarding possible asset leveland corporate transactions
• Consider the available risk/return-based outcomes for State Gasshareholders during the current quarterReid’s Dome Gas Project

Continue discussions with interested parties regarding possible asset leveland corporate transactions- GO YOU GOOD THING.