Tamaska Oil and Gas : Gurvantes XXXV CSG Project Presentation

ersonal use only

Gurvantes XXXV Coal Seam Gas Acquisition

South Gobi Basin Mongolia

February 2022

WORLD CLASS CSG ACQUISITION

only	Material acquisition of highly prospective coal seam
gas (CSG) 'Gurvantes XXXV' Project in world class
South Gobi Coal Basin covering 8,400 km2
	High impact multi-well drilling program scheduled to
	commence early March 2022
	NSAI certified Prospective Resource (best case) of 5.96
	TCF
use	Ideally located adjacent to China and existing border
crossing
	Stage 1 exploration program underway with first
	US$1.5M funded via farm-out agreement with Talon
	Energy
ersonal	Stage 2 appraisal of US$3.15M funded by farm-in
partner on election to proceed

Established Telmen operating team in Mongolia to drive the project timetable

TMK Energy well funded post transaction with ~$3.8 million in cash with Stage 1 and Stage 2 exploration and appraisal programs funded by farm-in partner

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GURVANTES PROJECT - THE ROAD TO DRILLING

Jan 2019: Awarded Prospecting Agreement for

Gurvantes XXXV

only	Jan 2021: US$5M Farmout agreed with Talon
	Energy Limited (ASX:TPD)
	July 2021: Production Sharing Agreement (PSA)
	awarded
use	August 2021: Independent Prospective Resource
(best case) of 5.96 TCF certified by NSAI
	Production Sharing Contract Award Ceremony, July 2021
	Sep 2021: Exploration License Awarded, 15 year
	term
ersonal	Feb 2022: Environmental Impact Approval (EIA)
application approved

Feb 2022: ASX Listing through acquisition of Telmen

Energy by TMK Energy

March 2022: Four well drilling program scheduled to commence

Constructing gas desorption lab in preparation for drilling

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ACTIVE NEAR TERM EXPLOITATION PLAN

only	Advanced nature of
project results in high
activity levels almost
	immediately
use	Low exploration costs
that deliver high value
outcomes in medium
	term timeframe
ersonal	Fast track to early
production within 24

months based on current plan

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RESOURCE LOCATION AND SIZE

NSAI independently certified Prospective Resource 2U (best case) of 5.96 TCF.

Risked 2U (best case) of 5.96 TCF assessed from only 26% of total license area.

only	Drilling and testing program to commence in March 2022 targeting certification of Mongolia's largest CSG
	Contingent Resources by Q3 2022.
	Material resource ideally located adjacent to China and less than 20 kms of an official border crossing
	between Mongolia and China.
use	Early commercialisation possible with gas fired power generation to support nearby operating coal mines
burning and potential to truck CNG to China and within Mongolia.
	Gurvantes XXXV CSG Project - Gross (100%) Prospective Gas Resources (TCF)*
	Region		Unrisked Prospective Resource (TCF)	Risked Prospective Resource (TCF)
ersonal		1U (Low)		2U (Best)	3U (High)	1U (Low)	2U (Best)	3U (High)
Prospect Area		1.30		2.02	3.38	1.17	1.82	3.04
	Lead Area		6.89		17.94	38.24	1.95	4.14	8.21
	Total		8.19		19.96	41.62	3.12	5.96	11.25

*Cautionary Statement: The estimated quantities of petroleum that may be potentially recovered by the application of a future development project relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially moveable hydrocarbons.

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