Macallum New Energy Limited · ASX:MNE
Macallum New Energy — South-West Connect Conference (October 2026)
14 slides from Macallum New Energy's conference presentation, Oct 29, 2026
Slide 1: Unlocking the Underexplored South: Leading the next wave of exploration in the Perth Basin
rsonal use only Unlocking the Underexplored South: Leading the next wave of exploration in the Perth Basin Andy Furniss Chief Executive Officer 29 October 2026 ASX: MNE
Slide 2: Disclaimer
Disclaimer Summary information Forward looking statements This document contains a summary of information about MNE and its activities that is current as at the date of this document. Certain information in this document refers to the intentions of MNE, but these are not intended to be forecasts, fo
Slide 3: Company Overview
Company Overview Macallum New Energy is a West Australian oil and gas explorer focussed on unlocking the full potential of the onshore North Perth Basin through its 100%-held exploration permits rsonal use only New entrant to the ASX admitted 23rd February 2026 (ASX:MNE) Completed additional $3 mill
Slide 4: Unlocking the Underexplored South
Unlocking the Underexplored South The southern half of the Perth Basin is vastly underexplored NORTH SOUTH rsonal use only • 8,400 km2 under permits • 11,500 km2 under permits • 321 Petroleum wells drilled • 53 Petroleum wells drilled • 1 well per 26 km2 • 1 well per 217 km2 • Dense 2D and 3D seismi
Slide 5: EP 494 is Uniquely & Favourably Positioned
EP 494 is Uniquely & Favourably Positioned Permit sits in the “Goldilocks” zone on the basin margin – not too deep, not too shallow • EP 494 is uniquely positioned for drillable Permian (Kingia) gas rsonal use only Yarra Yarra prospects. Kingia is absent or too deep in most of the southern permits T
Slide 6: Growing Our Resource Base
Growing Our Resource Base Mean prospective gas resource of 2,506 PJ with significant liquids potential • Independently verified 2U Prospective Resources rsonal use only • Near-term cash flow potential from Jurassic oil & gas plays • Significant scope to grow portfolio with additional seismic data CO
Slide 7: Barberton Terrace Deep Prospect
Barberton Terrace Deep Prospect The next big Kingia discovery? Opening up the Perth Basin’s southern Permian play Drill-ready Permian prospect with best estimate rsonal use only Prospective Resource of 1,090 PJ sales gas • Large undrilled 3-way structural trap with a maximum area of ~152km² • Interp
Slide 8: Jurassic Leads & Prospects
Jurassic Leads & Prospects Gas targets matured by 2026 Barberton 3D seismic data at modest depths Multiple targets: combined 2U Prospective Resource of 734 PJ sales gas rsonal use only Yarra Lead & Gadee East and Gadee West Prospects • New 3D seismic interpretation shows 70% increase in gas volumes
Slide 9: Aberfeldy Prospect
Aberfeldy Prospect Jurassic structural trap with potential for both oil and gas, up-dip of Dandaragan oil discovery 2U Prospective Resource of 34 MMbbl oil and A A’ rsonal use only 36 PJ gas# • 16km2 fault-bound structural closure up-dip of Dandaragan-1 (Discovery Petroleum, 1995) and Dandaragan Dee
Slide 10: Infrastructure & Development Pathways
Infrastructure & Development Pathways Multiple pathways to commercialisation and early cashflow potential from a discovery Barberton Terrace Deep Gas (Tcf Scale): rsonal use only • Precedents for LNG export & nearby tie-in points to DBNGP • Future spare capacity at Waitsia or Belisama • Phased devel
Slide 11: Look-Through Valuation in a Success Case
Look-Through Valuation in a Success Case Success at any of the MNE prospects or leads has transformative value for shareholders • Perth Basin M&A activity gives an indication of rsonal use only the potential value of MNE’s assets if a discovery is made • All companies who were acquired had completed
Slide 12: Forward Work Plan
Forward Work Plan MNE is delivering results against an accelerated timeline • Farmout in progress seeking strategic JV partner for drilling programme in 2027 rsonal use only • Completion of evaluation of new 3D and 2D seismic surveys • Detailed well planning & targeting FID of 1st exploration well i
Slide 13: MNE: A Compelling Investment Case
MNE: A Compelling Investment Case MNE provides a low-cost, early entry to the next gamechanger well in the Perth Basin Kingia play • Quality assets – unique permit position in the underexplored south of the basin rsonal use only • Experienced management team with a strong pedigree and track record o
Slide 14: Investors & Media
rsonal use only INVESTORS & MEDIA Andy Furniss Chief Executive Officer [email protected] ASX: MNE Phone: +61 8 6245 9867 www.macnewenergy.com.au
Macallum New Energy — South-West Connect Conference (October 2026) on 6ix