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PURE ENERGY’S MISSION

TIMETABLE AND TARGETS TO END OF 2022

‣ 11.8 TCF1 GAS RESOURCES ‣ MANAGEMENT HAVE DONE IT BEFORE

Ron Prefontaine Pure Energy Chairman

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PURE CORPORATE STRUCTURE

PRE MERGER: •  Real Energy : 403 million shares •  Strata-X Energy: 123 million shares

POST MERGER and listing: 1 Strata-X Energy share for 3 Real Energy shares ~257 million shares on issue when Pure listed on ASX.* *i.e. Assuming ~$0.07 per share, Pure market cap at listing ~$18 million.

Pure is the merger of Real Energy and Strata-X Energy

Merger check list: ü  Independent Reports being prepared.

ü  Scheme booklet being finalised.

ü  GM Notices prepared.

Required:

•  GM’s – Nov 2020

•  Court approval – Nov 2020

•  Pure listing Nov/Dec 2020

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3 PURE ENERGY

…to be Australia’s next mid cap green energy company. While transitioning to be a meaningful player in a future hydrogen economy. Pure has the foundations to achieve this:

PURE ENERGY’S MISSION…

ü  Multi TCF gas resources ü  The team ü  ~$10 million funding

4 PURE ENERGY

PURE HAS THE GAS RESOURCES… •  Combined 11.8 TCF prospective resources which includes 353 BCF 2C, 770 BCF 3C; •  The gas is there - only need to prove commercial gas flow rates; •  Immediate and near term markets for the gas;

•  100% Surat Basin CSG, Queensland: •  694PJ (640 BCF) in proven Walloon CSG1

100% Serowe CSG, Botswana (farmed out): •  2.38 TCF of high-grade CSG4

100% Cooper Basin gas: •  8.8 TCF basin centered gas3

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Venus Project

Serowe Project

Windora Project

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PURE HAS THE TEAM

Chairman: Ron Prefontaine •  CSG pioneer, previously ED/MD of Arrow and Bow

CSG Managing Director: Scott Brown •  Previously CFO/Finance director of Mosaic Oil,

Objective Corporation Limited and Allegiance Mining. Director: Lan Nguyen •  Previously Chairman of Real Energy, MD of Mosaic Oil

Pure’s team will include skilled and experienced local contractors and consultants.

The team will have the equipment, tools, methods and expertise to successfully execute Pure’s mission.

Pure’s board have done it before

6 PURE ENERGY

PURE HAS ~$10 MILLION IN FUNDING •  Funding of ~$10 million through cash reserves and farmout. •  Very low head office costs – focussed on adding reserves. •  NO DEBT

•  100% Surat Basin CSG, Queensland: •  694PJ (640 BCF) in proven Walloon CSG1

100% Serowe CSG, Botswana (farmed out): •  2.38 TCF of high-grade CSG4

100% Cooper Basin gas: •  8.8 TCF basin centered gas3

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Venus Project

Serowe Project

Windora Project

7 PURE ENERGY

VENUS PROJECT – A FIRST CLASS CSG ADDRESS

ü  WalloonCSGfairwayisprolificgasproducingregionwithover1000’sofwellsdrilled–seegreendotsonMap

Nearby‘small’operatorshave:

ü  SenexEnergyisdevelopingProjectAtlas–reported2Preserves234PJ

ü  CentralPetroleumisdevelopingProjectRange–reported2Ccontingentresourcesof270PJ

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694 PJ PROSPECTIVE GAS1 RESOURCE IN PROVEN SURAT CSG FAIRWAY

ü Characterised by high gas saturated multiple coal seams, lower permeability.

ü Pilot targets stimulation/completion/production methods to achieve commercial gas flow rates.

ü Once commercial gas flows achieved can commence conversion of resources to reserves to sell gas.

1000’s of CSG wells drilled on the CSG fairway

PROPOSEDVENUS-1PILOTWELL

CSGwellsWaterwells

EstimatesGross(100%)ProspectiveGasResource(PJ)

ProjectVenus Low Best HighATP2051 555 694 833

Connor1and2had~34metresofhightoveryhighgassaturatedcoalsfrom395metres

BCF per KM 2 gas resource in Walloon Coals

Project Venus

10 km

10 PURE ENERGY

CSG PILOTS DESIGNED TO PROVE SUFFICIENT GAS FLOW RATES TO COMMENCE RESERVE CERTIFICATIONS

Pilotlocatedadjacenttocoreholewith100%gassaturationsinupperWallooncoalseams

300 BarrelStoragetanks

3wellpilotlinedupforoptimalInterference

Connor-2Corehole

Maximum water drawdown from centre well ~ Highest Gas Flow

11 PURE ENERGY

WINDORAH GAS PROJECT – COOPER BASIN

Prospective OGIP 8,800 BCF 2C Resources 330 BCF 3C Resources 770 BCF

•  Estimated Prospective OGIP are Mean Original Gas-In-Place adjusted for renewal and excluding 2C/3C Resources.

•  Gas Volumes are expressed in billions of cubic feet (BCF) at standard temperature and pressure bases.

•  Resource estimates independently certified by DeGolyer & MacNaughton (Queenscliff area) & Aeon Petroleum Consultants (Tamarama area)

12 PURE ENERGY

COOPER - BASIN CENTERED GAS PROPOSED COIL TUBING ENHANCEMENTS ON CURRENT VERTICAL WELLS

Four gas wells has been drilled: •  Tamarama-1, 2 & 3 + Queenscliff-1 were all gas discoveries. •  Certified 2C/3C gas resources of 330/770 BCF3. •  Tamarama-2 had initial flow rates of 2 mmcf/d. •  Tamarama-3 had initial flow rates of 2.5 mmcf/d. •  Flow rates could not be sustained.

Coil tubing deployed reservoir enhancements: •  Anticipate considerable improvements in Tamarama-2 gas

flow rates using coil tubing workovers with non–frack reservoir enhancement.

•  Total cost expected to be less than $1 million. •  Sufficient improvement in sustained flow rates allows for early

gas sales.

13 PURE ENERGY

SEROWE CSG PROJECT, BOTSWANA AFRICA

•  100% of 364,325 acres (1,475 sq km) interpreted to contain high-grade CSG.

•  2.38Tcf Prospective gas resource and 23Bcf 2C4

•  3rd party funded $7 million drilling appraisal program to commence after lifting of Covid-19 travel restrictions

•  Targets predictable reserves growth.

14 PURE ENERGY

PURE’S INDICATIVE TIMETABLE TO END 2022 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22

VenusProjectWalloonCSGfairwayVenus-1CSGPilotFlowtestingResourceUpgradesExpandPilotAppraisalDrillingReservesCertificationsFieldDevelopment

SeroweProjectBotswanaCSGfairwayAppraisaldrillingandtestingResourceUpgradesApprasialdrillingandtestingReservesCertifications

WindorahGasProjectCooperBasingasNewenhancementdesignNewdesignexecutionProductiontestingGassales

HydrogenInititives

Fully funded for ~$7 million appraisal programs targeting reserve certifications

Funded Funded

Funded Partially funded

Funded

Funded

Partially funded

Funded Funded

Funded Funded

15 PURE ENERGY

HYDROGEN MANUFACTURING METHODS

= 0.037 GJ/kg H2

= 0.286 GJ/kg H2

Desirable

Method

16 PURE ENERGY

METHANE PYROLYSIS YIELDS HYDROGEN AND CARBON PRODUCTS

Minedgraphitehassilicacontaminants

MethanepyrolysisgraphitehasNOsilicacontaminants

ü  ~99%carbonwithnosilicaissuperiorforhighervaluecarbonuses.

ü  Carbonblack,graphite,nanotubesandgraphenearepotentialproducts.

ü  Adjustingreactorparameterscaneffectthecarbonproductandpotentialvalueadd.

~70%oftheworld’sgraphitecomesfromChina

Graphene is a honeycomb lattice of carbon atoms one atom thick

17 PURE ENERGY

CARBON PRODUCTS ADD ANOTHER REVENUE STREAM

Assuming:

H2sellsfor$A5perkg(>$US10perkginCalifornia).

Cascarbonblacksellsfor~$A1perkg.

Partialconversiontographenecouldbe>10Xmore.

=$A17.60perGJto>$A75perGJ.

1GJCH4=$A11.00H2+$A6.60to$A66.60C

1GJCH4isexpectedtoyield2.2kgH2+6.6kgC

WithlowtoZEROemissions

18 PURE ENERGY

PURE IS RUNNING THE NUMBERS ON ALL METHODS OF HYDROGEN MANUFACTURING •  Converting methane to hydrogen via steam forming and/or pyrolysis; •  Convert CSG waste water to hydrogen using renewables.

•  Hydrogen could replace ALL fossil fuels. •  As hydrogen substitution increases worldwide, there WILL be an increasing

reduction of global emissions.

Fuelcellcar

Fasttrackahydrogeneconomy Fasttrackagrapheneeconomy

19 PURE ENERGY

PURE’S END OF 2022 TARGETS ARE TO:

•  Prove commercial gas flows from it’s large gas projects; •  Achieve predictable reserves growth; •  Secure gas sales contracts; •  Commence field development; •  Be a player in the hydrogen economy; •  Convert uncommitted gas to hydrogen/carbon.

Fuelcellcar

Fasttrackahydrogeneconomy Fasttrackagrapheneeconomy

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POST MERGER: •  ~257 MILLION SHARES •  MD AND CHAIRMAN OWN ~11 %

ü  Multi TCF gas resources; ü  The team; ü  ~$10 million funding.

…to be Australia’s next mid cap energy company. Pure has the foundations to achieve this:

PURE ENERGY’S MISSION…

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While transitioning to be a meaningful player in a future hydrogen economy.

21 PURE ENERGY

DISCLAIMER ExtentofInformation

•  ThisdocumenthasbeenpreparedbyRealEnergyCorporationLimitedandStrata-XEnergyLimited(“Company”).

•  ThisPresentation,includingtheinformationcontainedinthisdisclaimer,doesnotconstituteanoffer,invitationorrecommendationtosubscribefororpurchaseanysecurityandneitherthePresentation,disclaimernotanythingcontainedinsuchformsthebasisofanycontractorcommitment.ThisPresentationdoesnottakeintoaccountyourindividualinvestmentobjective,financialsituationorparticularneeds.YoumustnotactonthebasisofanyothermattercontainedinthisPresentationbutmustmakeyourownassessmentoftheCompany.

•  Norepresentation,expressorimplied,ismadeastothefairness,accuracy,completenessorcorrectnessoftheinformationcontainedinthisPresentation,includingtheaccuracy,likelihoodoftheachievementorreasonablenessofanyforecast,prospects,returnsorstatementsinrelationtofuturematterscontainedinthePresentation(“Forward-lookingstatements”).Anysuchforward-lookingstatementsthatarecontainedinthisPresentationorcanbeimpliedbythesamearebytheirnaturesubjecttosignificantuncertaintiesandcontingenciesassociatedwiththeoilandgasindustryandarebasedonanumberofestimatesandassumptionsthataresubjecttochange(andinmanycasesareoutsidethecontrolofRealEnergyandStrata-XEnergyandtheirdirectors)whichmaycausestheactualresultsorperformanceofRealEnergyandStrata-XEnergytobemateriallydifferentfromanyfutureresultsorperformanceexpressedorimpliedbysuchforward-lookingstatements.

•  Tothemaximumextentpermittedbylaw,noneofRealEnergy’sorStrata-XEnergy’srelatedcorporations,directors,employees,agentsnoranyotherpersonacceptsandliability,includingwithoutlimitationarisingfromfaultornegligence,foranylossarisingfromuseofthisPresentationoritscontentorotherwisearisinginconnectionwithit.

ExclusionofFinancialProductAdvice

•  ThisPresentationisforinformationpurposesonlyandisnotaprospectusorotherofferingunderAustralianlaworunderanyotherslawsinthejurisdictionswherethePresentationmightbeavailable.Nothinghereinconstitutesinvestment,legal,taxorotheradvice.ThisPresentationisnotarecommendationtoacquiresharesandhasbeenpreparedwithouttakingintoaccounttheinvestmentobjectives,financialsituationorneedsofindividuals.

IndependentAdvice

•  Youshouldconsidertheappropriatenessoftheinformationhavingregardtoyourownobjectives,financialsituationandneedsandseekappropriateadvice,including,legalandtaxationadviceappropriatetoyourjurisdiction.RealEnergyandStrata-XEnergyarenotlicensedtoprovidefinancialadviceinrespectofitsshares.

GeologicalInformation

•  ThegeologicalinformationinthispresentationrelatingtogeologicalinformationandresourcesisbasedoninformationcompiledbyMrLanNguyen,whoisaMemberofPetroleumExplorationSocietyofAustraliaandtheSocietyofthePetroleumEngineersandhassufficientexperiencetoqualifyasaCompetentPerson.MrNguyenconsentstotheinclusionofthemattersbasedonhisinformationintheformandcontextinwhichtheyappear.Theinformationrelatedtotheresultsofdrilledpetroleumwellshasbeensourcedfromthepubliclyavailablewellcompletionreports.

Notes

1. Seeannouncementdated12December2019-ProjectVenusProspectiveGasResources694PJBest

2. TheProspectiveGasResourcesisacombinationofProjectVenusProspectiveGasResources694PJBest,withSeroweCSGProjectProspectiveGasResourcesof2.4TrillionCubicFeet(Tcf)andtheWindorahGasProjectProspectiveGasResourcesof8.8TcfwhichwasadjustedforthereducedATP927PareapostpartialrelinquishmentinSeptember2019.

3. ThecontingentgasresourcesweredisclosedinRealEnergyannouncementdated23August2019.TheProspectiveresourceestimatesmadeinDeGolyerMacNaughtonJuly2015forATP927P–Announced21July2015.ThestatedfigureshavebeenadjustedforthereducedATP927PareapostpartialrelinquishmentinSeptember2019

4. SeeStrataXEnergyAnnouncementdated14May2019–83%increaseinProspectiveGasResourceintheSeroweCSGProject.