The Hancock Energy Belisama Gas Project will develop the Lockyer gas field located approximately 360km north of Perth, 40km East of Dongara and 15km West of Mingenew. The Lockyer gas field is located within Production Licenses in EP368 and EP426.

The Belisama Gas Project will comprise of:

a) Conventional gas production wells (not requiring hydraulic fracture stimulation).

b) An upstream gas gathering network comprising wellhead facilities, infield hubs, and connecting flowlines back to the Central Processing Facility (CPF).

c) The CPF, will comprise of gas treatment, condensate stabilisation and produced water treatment.

d) Raw gas will be treated to allow export via the Dampier- Bunbury Natural Gas Pipeline (DBNGP).

e) Condensate storage and truck loading system will be included as part of the CPF.

f) A gas export trunkline which will connect from the CPF to the DBNGP pipeline.

g) The CPF will be located on a green fields site and will not be connected to existing utilities infrastructure.

h) All utilities and supporting infrastructure required to support the field operations and on-site personnel will be designed, procured, and constructed.

i) Utilities will include power generation, electrical distribution, water treatment and distribution, safety, control and communication systems, offices, amenities, workshops and warehouses, and other systems typically required for hydrocarbon facilities (air, nitrogen, chemicals etc.).

h) Operations personnel will be accommodated in an operations village located in proximity to the CPF.

i) Construction personnel will be accommodated in a temporary construction camp located in proximity to the CPF.

j) FEED Oct 25 to May 26, EPC award, first PO and Early works 2Q 26.

k) FID expected 3Q 2026, full execution 3Q 26.

l) The estimated timeline for the project will be up to 36 months including commissioning to Sales Gas.

m) No Government funding or grants or investment are expected.

Completion date: 31 Jan 2029