Whitebark Energy Limited

Whitebark Energy Limited is an Australia-based exploration and production company featuring low-cost oil and gas production in Canada, operated by its wholly owned subsidiary Rex Energy, and a substantial contingent gas resource in Western Australia. The Company received 100% of proceeds from all hydrocarbons produced from various production wells. It holds a 100% working interest in all site facilities, pipelines and infrastructure. Its early-stage investigations have indicated the Warro Gas Project contains suitable technical credentials for a commercially viable Geothermal project. The Warro gas field is located in Retention Lease 7,200 kilometers (km) north of Perth and is 100% owned by the Company. Its geothermal exploration permits include EPG2049 and EPG2037. EPG2049 covers an area of approximately 3,875 square kilometers. EPG2037 is located in the South-East Queensland region, which covers an area of approximately 589 square kilometers and is 25 km from Brisbane.