1, Otway Basin

The information in this presentation:

• Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are currently

  held.

• Does not take into account the individual investment objectives or the financial situation of investors.

• Was prepared with due care and attention and is current at the date of the presentation.

• Actual results may materially vary from any forecasts (where applicable) in this presentation.

• Before making or varying any investment in shares of Cooper Energy Limited, all investors should consider the appropriateness of that investment in light of their individual investment objectives and financial situation and should seek their own independent professional advice.

  Qualified petroleum reserves and resources evaluator

  This report contains information on petroleum resources which is based on and fairly represents information and supporting documentation reviewed by Mr Andrew Thomas who is a full time employee of Cooper Energy Limited holding the position of Exploration Manager, holds a Bachelor of Science (Hons), is a member of the American Association of Petroleum Geologists and the Society of Petroleum Engineers and is qualified in accordance with ASX listing rule 5.41 and has consented to the inclusion of this information in the form and context in which it appears.

  Rounding

  All numbers in this presentation have been rounded. As a result, some total figures may differ insignificantly from totals obtained from arithmetic addition of the rounded numbers presented.

  Dollars

  Unless otherwise specified, all dollar amounts are expressed Australian dollars.

  Reserves and resources calculation

  Information on the company's reserves and resources and their calculation are provided in the Appendices to this document.

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  1 2 3 4

  450,000~500,0001 bbl pa

  Operating cost2: A$30/bbl

  Cooper Basin Western Flank

  Gippsland Basin Gas Hub

  2C Contingent Resource: 347 PJ3

  Low on cost curve, well located

  Circa 5x production uplift in ~3 yrs

  Cash & investments: $27 million2

  Zero debt2

  Finance facilities undrawn

  Capital management plan to fund growth

  Management experienced in gas commercialisation

  Board experienced in growing gas and resource companies

  Rem. structure linked to success

  1 69% Australia and 31% Indonesia based on existing equities

  2 31 March 2016. June quarter cash receipts to include institutional placement of $18 million, proceeds from Indonesian exploration asset sale ~ $10 million and SPP up to $5 million

  3 Gross 100% joint venture share, as announced to ASX on 16 July and 26 November 2015. Refer notes on resource calculation included in appendices to this

  document 3

  Market

  • Market-driven approach

  • Building customer relationships

& portfolio

Cooper Basin

• Cash-generating oil production

Otway Basin Gippsland Basin

• Gas exploration acreage

• Ideally located: close to markets and pipelines

• Conventional and unconventional gas opportunities

• Gas resources, prospects and projects

• Largest gas supply source for Eastern Australia's domestic market

• Conventional gas, close to market & pipelines

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