Australian Oil Company Limited · ASX:AOK
Australian Oil — Investor Presentation (March 2026)
22 slides from Australian Oil's investor presentation, Mar 3, 2026
Slide 1: Domestic Oil - Strategy Presentation
3RD MARCH 2026 For personal use only DOMESTIC OIL - STRATEGY PRESENTATION
Slide 2: Disclaimer
DISCLAIMER This presentation contains summary information and statements about Australian Oil Company This presentation may not be released to US wire services or distributed in the United States. This Limited (ASX.AOK) (AOK), its subsidiaries and their respective activities, which is current as at
Slide 3: Investment Summary
For personal use only INVESTMENT SUMMARY AUSTRALIAN OIL CO MARCH 2026 1
Slide 4: Established Production Base with Defined Restart and Step-Out Catalysts
ESTABLISHED PRODUCTION BASE WITH DEFINED RESTART AND STEP-OUT CATALYSTS • Oil assets – PL 264 (Emu Apple) and PL 30 (Riverslea/Yapunyah) [left] with historical production, existing infrastructure and a defined 2026 execution For personal use only program. • Production Validation: • Over 186,000 barr
Slide 5: Oil Asset Overview
For personal use only OIL ASSET OVERVIEW AUSTRALIAN OIL CO MARCH 2026 3
Slide 6: PL - Emu Apple
PL 264 – EMU APPLE • PL 264 has sparse 2D seismic with the Emu Apple oilfield being discovered in 2006 with Emu Apple-1 coming on later that year and has produced over 186,000 barrels of 35° API For personal use only • Initial production was around 84 BOPD, declining to 15-20 BOPD currently A’ • Shu
Slide 7: PL - Riverslea & Yapunyah
PL 30 – RIVERSLEA & YAPUNYAH • PL 30 is a large area with 8 wells having been drilled of which 4 were oil producers (Riverslea and Yapunyah) A For personal use only • The area is covered by a moderate 2D seismic grid and the Yapunyah 3D survey (BHP in 1984) processed in 2019 • Drilled on 2D seismic,
Slide 8: Existing Producing Infrastructure
For personal use only EXISTING PRODUCING INFRASTRUCTURE AUSTRALIAN OIL CO MARCH 2026 6
Slide 9: Emu Apple Facility (PL 264)
EMU APPLE FACILITY (PL 264) • Production is currently from Emu Apple-1 • AOK is in the process of finalizing a crude sales For personal use only agreement linked to Brent oil prices to include handling and freight just for Emu Apple • Financial Assurance already in place with regulator as part of ac
Slide 10: Riverslea Facility (PL 30)
RIVERSLEA FACILITY (PL 30) • Riverslea is a satellite oil production facility on PL30, it has crude oil storage and load out For personal use only which are in good condition (top right). • It has 2 wells which are shut-in (Riverslea-1 & Riverslea-3) with remaining wells abandoned • The majority of
Slide 11: Production Optimisation and Restart
For personal use only PRODUCTION OPTIMISATION AND RESTART AUSTRALIAN OIL CO MARCH 2026 9
Slide 12: Emu Apple-2 and -3 (PL 264)
EMU APPLE-2 AND -3 (PL 264) • Two Shut-in wells previously on pump (right) For personal use only • Produced from Boxvale (crude samples below) • Workover programs under assessment including: • Pull rods and install new pumps • Water shut-off evaluation underway AUSTRALIAN OIL CO MARCH 2026 10
Slide 13: Riverslea Restart (PL 30)
RIVERSLEA RESTART (PL 30) • Riverslea-3 tested less than a year ago free flowing at 17 BOPD (left) For personal use only • Approximately 90% water cut • Pump installation being assessed which initially indicates significant improvements to oil rates free flow rates • Evaporation pond remediation est
Slide 14: Near-Field Step-Out Opportunities
For personal use only NEAR-FIELD STEP-OUT OPPORTUNITIES AUSTRALIAN OIL CO MARCH 2026 12
Slide 15: Yapunyah Up-Dip: Step-Out Opportunity (PL 30)
YAPUNYAH UP-DIP : STEP-OUT OPPORTUNITY (PL 30) Annabelle • 3D seismic indicates Yapunyah-1 drilled near oil water contact. For personal use only Riverslea A • Production results: • 35 BOPD from BX1 A’ • 58 BOPD from Basal Evergreen • 38° API oil A • 3D seismic interpretation indicates larger up- dip
Slide 16: Riverslea SE Extension: Step-Out Opportunity (PL 30)
RIVERSLEA SE EXTENSION: STEP-OUT OPPORTUNITY (PL 30) • Historical well drilled outside closure A • 6m Basal Evergreen present For personal use only • Background gas max 1000 ppm at previous well drilled outside closure • Historical iodine geochemical work being integrated. Regionally Iodine anomalie
Slide 17: Exploration Optionality
For personal use only EXPLORATION OPTIONALITY AUSTRALIAN OIL CO MARCH 2026 15
Slide 18: Greater Riverslea Undrilled Plays
GREATER RIVERSLEA UNDRILLED PLAYS A A’ Boxvale sand For personal use only • Seismic amplitude anomalies indicate sand pinchout • Boxvale, Basal Evergreen and Moolayember (Stratigraphic) sands lap against Annabelle High • Structural highs identified on 3D seismic 1984 Geological Cross Section acquire
Slide 19: Greater Emu Apple Concepts
GREATER EMU APPLE CONCEPTS A A’ For personal use only Emu Apple-4 • Emu Apple-4 encountered potential bypassed oil pay • Potential southern extension A • Eastern closure potentially larger than currently mapped (seismic line to left) • Integration of 2019 A’ reprocessed 2D seismic Top Boxvale Sandst
Slide 20: Newsflow and Roadmap
For personal use only NEWSFLOW AND ROADMAP AUSTRALIAN OIL CO MARCH 2026 18
Slide 21: Execution Roadmap
EXECUTION ROADMAP • Drill 1 high impact Q4 2026 exploration well • Contingent near-field exploration/appraisal well For personal use only • Drill target identification Q3 2026 • Secure drilling services • Producing field reserves • Execute development opportunities • Field expansion plans • Increase
Slide 22: Thank You
For personal use only THANK YOU For more information please contact us. AUSTRALIAN OIL CO Head Office: Investors / Shareholders: Managing Director: Level 1, 31 Cliff Street, Fremantle, WA Investor Relations Kane Marshall 6160 Stewart Walters Managing Director Australia E: stewart@marketopen.com.au E
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