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1 PNG Company Number Kina Petroleum Forward Exploration & Farmout Program in the Eastern and Western Papuan Basin December 2016 Slide 1

2 Kina s Assets straddle the stable Platform of the Western Papuan Basin & the rifted basin margin of the eastern Papuan Basin Kina Petroleum Assets

3 The Farmout Work Programme will commence in the East in PPL 340 and move to the west

4 The Farmout Work Programme will commence in the East in PPL 340 and move to the west EASTERN PNG CARBONATE PLAY PRL38 Proven carbonate gas resource PPL 338,339,340 Extension Applications Pending Prospect & Lead Areas high graded Phase 1 Farmout Underway- PPL 339 Previous farmout to OilSearch complete PPL 340 Test Boutique seismic crew at Lizard PPL 338 Fly Gravity Gradiometry over highgraded prospects Acquire prospect specific seismic with Boutique Crew after PPL 340 Program

5 The Farmout Work Programme will commence in the East in PPL 340 and move to the west WESTERN PNG CLASTIC PLAY PRL 21 Discovered Gas Resource commercialisation studies underway PPL 435,436,437 Prospect & Lead Areas high graded for followup seismic Seismic Work Programmes being framed around boutique seismic acquisition to commence over Ebony & Mango post PPL 340 & 338 Surveys

6 The Farmout Work Programme will commence in the East in PPL 340 and move to the west PPL 337 now relinquished, but successfully tested a road supported drilling operation

7 Outcrop and well data confirm PPL 338, 339 and 340 are well located with respect of the East Papuan Carbonate Play

8 PPL 340 Lizard Prospect was highlighted by airborne Gravity data

9 PPL 340 Lizard Prospect was highlighted by airborne Gravity data

10 PPL 340 Lizard Prospect is interpreted to be a reef which grew on Miocene faults antithetic to the rifted margin

11 Using an integrated interpretation approach Kina has identified a number of Platform and Patch reef prospects, the largest being Lizard Lizard Prospect has: Easy Access Large size Cost effective Seismic Close proximity to Port Moresby

12 Using an integrated interpretation approach Kina has identified a number of Platform and Patch reef prospects, the largest being Lizard Lizard Prospect has: Easy Access Large size Cost effective Seismic Close proximity to Port Moresby

13 Kina will test the Boutique Seismic Acquisition system at Lizard as part of its proposed farmout effort Lizard seismic program expected to cost AUD $4m Slide 13

14 PPL339 Kalangar Exploration Well located in the Carbonate Fairway between Lizard and Elk/Antelope Proven petroleum system confirmed by Elk Antelope a giant gas condensate discovery in Miocene Elk-Antelope reef Numerous gas and oil, seeps prove working petroleum system in PPL 339 Possible continuation of the Elk- Antelope reef trend into PPL339 Portfolio of two reef prospects (Kalangar & Eclectus) and 2 leads with upside potential Footwall trap at Bowerbird Potential Mutli TCF resource across Eclectus and Kalangar. Potential scale for new gas hub Kalangar would be first prospect drilled Kalangar de-risked with seismic, gravity gradiometry & magnetotellurics

15 PPL 339 Kalangar Prospect farmed out and expected to be drilled in 2017 Darai reef - amplitude attenuation similar expression as Antelope reservoir intervals Fault-bound to the west - Lower Aure Bed clays provide top and lateral seal SW twt 0 NE Build up consistent with Magnetotelluric (MT) and gravity gradiometry anomalies N Truncation of dipping reflectors at base Tertiary unconformity 1000 Reef features defined by seismic stratigraphy interpretation 2000 Build up Top Carbonates Base Tertiary Uncf. Constructive Build up geometries recognized by Prof. Rick Sarg (Carbonate Expert, Colorado School of Mines) Top Carbonate Base Tertiary Uncf. Analogous to Antelope, amplitude attenuation observed at top section of build up Strong reflectivity package of top seal reflectors Seismic Line Gravity Gradiometry Prospect Scale dataset 1000 m

16 PPL 338 Hosts 4 Large Prospects on the Basin Margin Analagous to Elk Antelope Field Slide 16

17 Nipa And Mangrove Prospects require infill Gravity Gradiometry in advance of new seismic Acquisition Slide 17 Nipa and Mangrove are in areas of easy access cost of follow up seismic will be cheap and will follow PPL 340 seismic

18 Nipa And Mangrove Prospects require infill Gravity Gradiometry in advance of new seismic Acquisition Slide 18 Nipa and Mangrove are in areas of easy access cost of follow up seismic will be cheap and will follow PPL 340 seismic

19 PPL 338 & 339 Existing Gravity Gradiometry Coverage Slide 19

20 PPL 338 Proposed Gravity Gradiometry Program Slide 20

21 West Papuan Basin PRLs 21 & PPL 437 Through a major seismic reprocessing and seismic acquisition program Kina has highgraded Malisa Prospect to drillable status and a series of prospects and leads for follow up seismic in PPL 437 immediately adjacent to Elevala Ketu and P nyang Slide 21 Establishment of gas export infrastructure at either PRL 21 or P nyang will significantly elevate the value of these prospects

22 PPL 437 Malisa is drill ready and along trend from Elevala Ketu wet gas fields Slide 22

23 PPL 437 Ebony Prospect has large potential with similar structural style to Ketu Slide 23

24 PPL 437 Mango Prospect has large potential with similar structural style to Eleval Slide 24

25 PPL 437 Proposed Farmout Seismic Program Slide 25 Proposed Mango-Ebony Seismic Program 150km Seismic acquisition will commence after PPL 340 & 338 Use of the Boutique Seismic Crew will greatly reduce costs

26 Kina Has a significant Portfolio of Growth Opportunities PPL 340 Lizard: Requires Seismic in 2017 Miocene reefs growing on antithetic faults to uplifted Gondwana Rifted terrane Platform and patch reef development occur during Miocene Plio-Pliocene uplift and tilting causes regional drainage to east into Lizard PPL 339 Kalangar Well expected to be drilled 2017 Kalangar Reef grew on a Miocene antithetic fault facing the Australian Plate margin Platform and reefs inverted in the Plio-Pleistocene wrench and thrust movements delivering strong tilting to the southeast and migration to the northwest PPL 338 Nipa & Mangrove require gravity gradiometry in 2017 with follow up seismic Nipa & Mangrove reefs located on Cretaceous Gondwana margin Miocene reactivation of margin stimulated platform & reef growth Pliocene Pleistocene foreland basin development causes severe tilting to southeast with drainage up-dip to northwest into Nipa, Mangrove and Crocodile PPL 437 Ebony & Mango require seismic follow up Ebony & Mango are analogous and similar size to nearby Elevala and Ketu fields Proposed Development infrastructure will significantly enhance their value and future commerciality Slide 26