Warrego Energy : Investor Presentation - E&P Success in the Perth Basin

ASX/MEDIA RELEASE 20 January 2021

Investor Presentation - E&P success in the Perth Basin

Warrego Energy Limited ("Warrego" or the "Company") (ASX: WGO) is pleased to provide a copy of the Investor Presentation "E&P success in the Perth Basin" to be presented by Mr David Biggs this evening to a webinar hosted by Scottish Enterprise.

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Authorised by the Board of Warrego Energy Limited and issued in accordance with the Company's disclosure policy.

About Warrego Energy Limited

Founded in 2007, Warrego secured 100% of EP469 located onshore Perth Basin, Western Australia, in 2008. Warrego farmed out 50% of the block and operatorship in 2018 to Strike Energy Limited. In March 2019, Warrego completed a reverse takeover of Petrel Energy Limited which was renamed Warrego Energy Limited, the ASX listing being retained. Warrego is now focused on the development of onshore assets in Western Australia and Spain. Warrego was added to the ASX All Ordinaries Index from 22 June 2020.

For further information contact:

United Kingdom	Australia
Dennis Donald	David Biggs
Managing Director & Group CEO	Executive Director & CEO Australia
[phone]	[phone]
[e-mail]	investors @warregoenergy.com
Matt Sullivan
Meridian Investor Relations
[phone]
[e-mail]

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E&P success in the Perth Basin

David Biggs, Executive Director and CEO Australia

Scottish Enterprise Webinar, 20 January 2021

Compliance Statements

Disclaimer

• • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

• • This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to known and unknown risks, uncertainties and assumptions which are outside the control of Warrego. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this presentation.

• • Future appraisal and development projects are subject to approvals such as government approvals, joint venture approvals and Board approvals.

Resources Disclosure

• • The Contingent and Prospective Resource estimates for EP469 referred to in this presentation were first released to the ASX by the Company on 18 May 2020.

• • These estimates must therefore be read in conjunction with the full text of the ASX releases referred to. The Company is unaware of any new information that materially impacts the information in these releases and confirms that all the material assumptions and technical parameters underpinning the estimates in these releases continue to apply and have not materially changed.

• • Cautionary Statement on Prospective resources

  Estimates of quantities of petroleum that may be potentially recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates should have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is therefore required to determine the existence of a significant quantity of potentially movable hydrocarbons.

Health, safety & environment

Meeting the challenge in 2020

Our performance

• • No fatalities

• • No Lost Time Incidents

• • No reportable environmental incidents

• • No cases of COVID-19 in workforce