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Investor Presentation

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Investor Presentation

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    1. Investor Presentation “Reaching for the Summit” PART 1: Base Camp Established

    2. THE COMPANY ASX-listed oil and gas exploration company Recent merger with Tomahawk Energy Tomahawk awarded IPO of the year when listed in 2005 CORE FOCUS AREA – OKFUSKEE COUNTY, OKLAHOMA Low cost, uncomplicated drilling in conventional reservoirs Multiple targets in each well i.e. 6-10 formations SUCCESS ACHIEVED TO DATE High exploration success rate Large undeveloped reserves “behind pipe” ACTIVITY SINCE MERGER COMPLETION Best drilling results recently achieved Since merger 5 wells – 5 discoveries EXCITING EXPLORATION POTENTIAL Aggressive exploration & development plan Virgin 3D seismic coverage significantly upgrades potential Over 20 targets generated Targeting zones which have never been penetrated and should produce at strong rates THE COMPANY Strong near term increase in production expected Stock price now trading at all time low Who Are K2 Energy? 2

    3. A$25mn market capitalization Historically low share price since IPO Focus post merger with Tomahawk has been on setting the stage to deliver on operational performance Cash reserves of A$5.325mn, and no debt(2) Should deliver K2 Energy though to self-funding status Minimal risk of future dilution Time to tell the story – a good time to invest Top 20 shareholders control 42.7% Loyal supporter base Stake building over the past months Management controls 15.4% (19.9% diluted) Motivated to deliver success Who Are Tomahawk Energy? 3

    4. Who Are K2 Energy? 4

    5. Unconventional gas focus Flat to declining production No “on-ground” USA management No operational capabilities Limited cash resources Merger With K2 Energy 5

    6. Merger With K2 Energy 6

    7. Operational Overview 7

    8. Operational Overview 8

    9. Operational Overview 9

    10. Operational Overview 12.5% in approximately 27,000 acres in the Okfuskee County, Oklahoma Outstanding exploration success rate to date 28 existing wells with “behind pipe” oil and gas potential from conventional reservoirs Average working interest of around 40% Recent 3D seismic survey over most of the discoveries Project area resources independently assessed Gaffney Cline : Net contingent resources 20-70 Bcf (best case: 45 Bcf ) Schlumberger: 10-20 Bcf “behind pipe” (Only 14 wells analysed and only conventional resources potential) Despite a very high success rate for an average of at least 3 formations per well – Schlumberger have assumed 2 formations per well in its exploration assessment – hence their assessment good be viewed as conservative 10 high quality prospects identified for immediate drilling containing potential reserves of in excess of 20 Bcf 20 additional prospects in 3D area which may become drilling targets over the medium term Dual pronged strategy for capturing conventional and non-conventional prize 10

    11. Operational Overview 11

    12. Operational Overview 12

    13. Unconventional Gas – Further Upside Potential 13

    14. Unconventional Gas – Further Upside Potential 14

    15. Delivering Success 15

    16. Delivering Success 16

    17. Delivering Success 17

    18. Delivering Success 18

    19. Delivering Success 19

    20. 20 Delivering Success

    21. For more information or if you have any queries you can contact K2 Energy at: Australia Office Level 2, 27 Macquarie Place Sydney NSW 2000 Telephone: +61 (02) 9251 3311 Facsimile: +61 (02) 9251 6550 US Office 161 St. Matthews Ave Suite 16 Louisville, KY 40207 Telephone: +1 502 897 9785 Facsimile: +1 502 897 1758 Website www.k2energy.com.au/ Thank You For Your Time 21

    22. Closing Thoughts… This presentation has been prepared by K2 Energy Limited (the “Company”) and is being provided for the sole purpose of providing preliminary background financial and other information to enable shareholders to review the business activities of the Company. It is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities. This presentation should not be relied upon as a representation of any matter that a potential investor should consider in evaluating the Company. The Company and its respective directors, agents, officers or employees do not make any representation or warranty, express or implied, as to or endorsement of, the accuracy or completeness of any information, statements, representations or forecasts contained in this presentation, and they do not accept any liability for any statement made in, or omitted from, this presentation. Before acting in reliance on any information contained in this presentation, potential investors should conduct their own investigation and analysis in relation to the Plan and should check the accuracy, reliability and completeness of the information contained in this presentation and obtain independent and specific advice from appropriate professional advisers. This presentation does not purport to contain all the information that a prospective investor may require. Nothing in this presentation should be construed as financial product advice, whether personal or general, for the purposes of Section 766B of the Corporations Act. This presentation consists purely of factual information and does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold a financial product. This presentation and its contents have been made available in confidence and may not be reproduced or disclosed to third parties or made public in any way without the express written permission of the Company. 22

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