The Geological Survey of NSW (GSNSW), within Mining, Exploration & Geoscience, Department of Regional NSW, intends to drill a three (3) well exploration campaign in the Darling Basin. The exploration program will gather information on the regional geology of central-western New South Wales. The project is governed by Coal Innovation NSW (CINSW), a team within the GSNSW. The drilling conducted as part of the Stage 2 program will provide important information to the State Government, particularly on the potential of the Darling Basin resources such as geothermal energy and carbon dioxide (CO2) sequestration. The wells are to be located in the Pondie Range and Yathong troughs along the north-east margin of the Darling Basin. Very limited exploration has been undertaken in these sub-basins with limited exploration wells and sparse seismic lines. The proposed wells are within exploration licences EL 8065 and EL 8066. The drilling program is expected to commence in Q3 2022 with a preferred earliest anticipated spud in July 2022, subject to availability of a suitable drilling rig and the requisite long lead materials being available. Suppliers are required to submit quotes for the supply of wellheads coupled with production tree systems for the Company’s three (3) wells to be drilled that meet the detailed specifications and required well design.

P21-3338 Part C - Proforma Contract will be available for download in the coming days.