Sacgasco Limited

ABN 83 114 061 433 Unit 14, 210 Bagot Road, Subiaco, WA, 6008.

T +61 8 9388 2654 E info@sacgasco.com ASX ANNOUNCEMENT 4 June 2020

SGC PRESENTATION FOR TODAY’S WEBINAR Sacgasco Limited (ASX:SGC) is pleased to provide an updated Investor Presentation which includes a high level comparison of the Sacramento and Perth Basins.

Managing Director, Gary Jeffery will speak to this presentation in a Webinar scheduled for 12 pm (AEST) (10am - Perth) today, Thursday 4 June 2020 with a question and answer session to follow. Questions can be submitted in written form online when registering or during the presentation.

Webinar Time: 10am Perth time (12.00pm Australian East Standard Time (AEST)) Thursday 4 June 2020

To register click on the following link: https://register.gotowebinar.com/register/4315781458425604620

Authorised for lodgment by Gary Jeffery, Managing Director.

Gary Jeffery Ben Jarvis Managing Director Six Degrees Investor Relations +61 8 9388 2654 +61 (0) 413 150 448

About Sacgasco Limited (ASX: SGC)

Sacgasco’s strategy is to find, acquire and develop undervalued and under-developed opportunities connected to materially under supplied oil and gas markets across the world.

Sacgasco Limited (ASX: SGC) is an Australian-based energy company focused on conventional gas exploration and production in the Sacramento Basin, onshore California. Sacgasco has an extensive portfolio of natural gas producing wells and prospects at both exploration and appraisal stages, including multi-Tcf opportunities.

The Company is targeting gas supply to the local Californian gas market and burgeoning LNG market in North America. Sacgasco is of the view that the size of the prospects in California have the potential to supply both domestic Californian natural gas and export LNG markets, including those in Asia.

www.sacgasco.com

Twitter: @SacGasCo

SExp

Sacramento Basin Conventional Natural Gas Company

Investor Presentation June 2020ASX: SGC

1. Sacgasco -Sacramento Basin Natural Gas Company

2. Sacgasco in the Sacramento Basin -Prolific Playground*

3. Sacgasco in California -Insatiable Premium Market

4. Sacgasco -Invaluable Infrastructure

5. Sacgasco – Activity to add Gas Flows and Revenue

*Plays – An industry term for areas in which hydrocarbon accumulations or prospects of given types occur.

“The Sacramento Basin is Perth Basin’s big brother!”

Webinar Agenda

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Corporate Summary

3Confidential

Corporate Snapshot June 2020

ASX Code: SGC

Market Cap (@$0.015/share): ~$4m

Shares on issue: ~270m

Options (@ 4 cents expire 31 Dec 2021): 150m

Number of Shareholders: 1151

Directors Shareholding: ~9.4%

~41%

Top 20 Shareholders

Board & Management

Chairman Andrew Childs

Managing Director Gary Jeffery

Non-executive Director Greg Channon

✓ “Sacgasco has a highly leveraged corporate structure run on the smell of an oily rag.”

✓ “Oil and gas industry veterans ensuring dollars go into the ground for shareholder leverage.”

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▪ Sacramento Basin has produced over 12 Tcf gas,BUT is under-explored with extensive room forreservoir ‘sweet spots’ including “Tcf-plus” naturalgas opportunities like Dempsey, and Borba

▪ Irreplaceable SGC-owned infrastructure toprovides quick connections to gas sales (US$10+million cost to duplicate today)

▪ SGC operates a material portfolio of conventional-reservoir, natural gas flowing wells and prospectswith associated Infrastructure in 7 onshore gasfields in the Northern Sacramento Basin

▪ SGC Working interest of 30%-100% in leases whichcover natural gas prospects ranging in size from 5-20 Bcf to 1+ Tcf

▪ SGC operates in areas of strongly supportiveCounty Governments

SGC’s Focus Area

SGC-Prominent position in world-class Sacramento Basin

OGJ

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Prospect Types

EastWest

Penetration of most wells

www.australianoilcompany.com

Lower CretaceousType

Dempsey Type

“Very similar to Perth Basin, but Scaled-Up”

Under-explored, world-class Sacramento Basin

Outcrop

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✓ California has the 5th highest GDP in the world.

✓ Relevant Natural Gas prices in California are currentlyalmost 50% higher than the USA benchmark Henry Hubnatural gas prices

✓ California’s average gas demand is approximately 7billion cubic feet (Bcf) per day or 2.5 trillion cubic feet(Tcf) of gas per year- 70% higher than Australia’s totalNatural Gas consumption

✓ California’s domestic production is less than 10% ofCalifornia’s gas needs

✓ “Natural gas is an important component of California’senergy system, supplying about one-third of the state’sprimary energy demand.

✓ “Coupled with renewables, gas will provide a reliable,sustainable and efficient energy source to achieveCalifornia’s energy goals”

California gas market attracts premium pricing

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▪ Increase current production from workovers and in-field additions (0.5 to 4 Bcf) and explore larger 200+Bcf to Multi-Tcf targets

▪ Active workover program of existing natural gas wellsto increase gas flows and revenue from currentpremium gas price

▪ Three (3) immediate workover targets identified - lowcost strategy with short payback timeframe

▪ Increased gas flows will be sold using existing mostlyowned connected equipment and pipelines

▪ Planning for drilling of larger-potential appraisaltargets like Dempsey follow-up and Borba whenoperational risks are reduced post COVID-19; mappedprospects have multiple targets and multi-TCF playpotential in Sacgasco Focus Area.

A clearly defined growth strategy

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▪ Scale up natural gas production and cash flows fromimminent low cost workovers of existing wells

▪ First 3 wells identified to boost production – morepending

▪ Capitalise on favourable near-term outlook for naturalgas and California’s premium prices

▪ Convert resources to cash flow using irreplaceableowned pipeline infrastructure - replacement CAPEXwould be over US$10 million

▪ Follow-up West Africa reservoir analogues onextensive 3D seismic; reservoir model consistent withoutcrops seen “a stone’s throw away” to the west

▪ SGC monitoring operating conditions to determinetimeframe for large prospect drilling

▪ Take advantage of mis-matched asset prices – SGC isalways on the alert

Near-term value catalysts

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Comparison Criteria Sacramento Basin Perth Basin

Production to Date Over 12 Tcf Around 0.6 TcF

Gas Market 7 Bcf per day; Undersupplied- 90% gas imported from interstate

<1 Bcf per day; Over supplied, limited market subject to WA DOMGAS Policy

Gas Price ~A$4 per mcf ~A$4 per mcf

Well Depths Less than 3,000 Metres Around 5,000 metres

Market Caps and Leverage SGC - $4 million ( 270 Million Shares)XST - $3 million ( 1,400 Million Shares)

STX - $ 300 million ( 1,700 Million Shares)WGO - $ 100 million ( 900 Million Shares)

Reservoirs and Opportunity Tens of Bcf to Tcf potential; Highly pressured; Identified in Outcrop; Identified Sweet Spots in Subsurface from 3D Seismic; Extensive vertical column of gas saturated rocks in Sacgasco’s Dempsey control well

Tens of Bcf to Tcf potential; Highly Pressured; Identified from limited well intersection and high flow rates; reliant on seismic amplitudes for Resource Estimation

Land Access Landowner Incentives in form of 15-20% Royalty from Production

“Lock the Gate” adversarial activity; little landowner incentive;

Equipment and Industry Support

Existing owned plant; Extensive local suppliers and competition mean lower costs -> $

New plant needed; Limited suppliers and equipment and labour drive costs up -> $$$$

Government Regulation Existing Gas Field Administrative Areas facilitate activity

Special Government support packages

Perth Basin Comparison – SGC and Strike / Warrego

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✓ Sacgasco -Sacramento Basin Natural Gas Company

✓ Sacgasco in the Sacramento Basin -Prolific Playground*

✓ Sacgasco in California -Insatiable Premium Market

✓ Sacgasco -Invaluable Infrastructure

✓ Sacgasco – Activity to add Gas Flows and Revenue

SGC- “Sacramento Basin is the Perth Basin’s big brother!”

“Sacgasco –provider of sustaining Natural Gas for future energy needs”

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For and on behalf of the Board of Sacgasco Limited.

Gary Jeffery Ben JarvisManaging Director Six Degrees Investor Relations+61 8 9388 2654 +61 (0) 413 150 448

Explanatory and Cautionary Notes:

This document contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by many variables which could cause actual results or trends to differ materially. The technical information provided has been reviewed by Mr Gary Jeffery, Managing Director of Sacgasco Limited. He is a qualified geophysicist with over 47 years technical, commercial and management experience in exploration for, appraisal and development, and transportation of oil and gas. Mr Jeffery consents to the inclusion of the information in the form and context in which it appears.

The timing of future events is subject to the normal industry vagrancies of operational matters and equipment availability which are outside the control of Sacgasco and its suppliers. Facilities depicted in images on the Sacgasco website are not necessarily assets of Sacgasco. While many of the images are of Sacgasco owned equipment and Sacgasco operational sites, some of the images used represent aspects of the oil and gas industry in which Sacgasco is involved or include equipment owned by companies providing services to Sacgasco.

Before investing it is recommended that investors conduct their own due diligence and consult financial and technical advisors and form their own opinions on future events and implications.

Authorized for lodgment by Gary Jeffery, Managing Director.

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