EX-PEL'S 632, 106 and PPL 239 - Wet Gas

• Located on Western Wet Gas Fairway, Cooper Basin
• Beach Energy and Santos involved
• Gas sales agreements in place between Beach and Santos on EX-PEL 632
• Multiple exploration and appraisal wells
• Production wells in EX-PEL 632 and 106
• Middleton gas processing facility