Corporate Presentation March 2013

Sunbird Energy is a southern African gas explorer and developer focused on supplying the region’s high value and under-supplied energy market via the

development of large scale gas projects.

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SUNBIRD OVERVIEW

CBM Projects • Portfolio of 5 CBM projects (8,647 km2) in southern Africa - Best Estimate Gas-in-Place (GIP) of 5.3 Tcf

• Drilling program commenced March 2012 - 5 core holes completed to date; Mopane Project drill program expanded from 3 to 8 holes

• Significant gassy coals encountered at Mopane Project - twice the thickness used in the GIP estimate

• Increased portfolio by 1,257 km2 with the award of a TCP Licence at Springbok Flats Project and Exploration Right at Ermelo West (awarded Nov 2012)

Ibhubesi Gas Project • Executed agreement to acquire a 76% interest in the 869 Bcf (2C) Ibhubesi Gas Project offshore west coast South

Africa in December 2012

• Opportunity to develop a world class gas discovery adjacent to the energy hungry South African market

• PetroSA, South Africa’s national oil company is the JV partner with a 24% interest

Forward Plan for 2013 • Complete drilling program in Mopane, book contingent resource and continue exploration on remaining CBM projects

• Move to drilling of pilot production program at Mopane to demonstrate commercial flow rates and book a reserve

• Complete Ibhubesi transaction and advance the project to commercialisation by achieving project milestones to demonstrate asset value:

– upgrade resources to reserves

– transfer of title

– Gas Sales Agreements negotiations

– Commence FEED studies

Sunbird transforming from explorer to leading gas developer in South Africa

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Notes: 1. Options currently on issue: 70,000,000 Options @20c, 10,000,000 Performance Options @25c, 10,000,000 Performance Options @30c 2. As at 31 Dec. 2012 3. As at February 2013.

Board

Will Barker - Managing Director Geologist with 15 years experience in gas industry, previously GM LNG, Arrow Energy & OM, New Guinea Energy

Andrew Leibovitch - Executive Director Chartered Accountant, 20+ years in Corp Finance, previous GM roles at Woodside & Western Mining

Kerwin Rana - Non-executive Chairman Chemical Engineer with 17 years in mining industry experience, previously executive head of New Business for De Beers

Marcus Gracey - Non-Executive Director Corporate Lawyer with extensive energy experience, currently also Commercial & Legal Manager at New Standard

Management Team

John Langhus - Commercial Director Corporate Lawyer, extensive SA experience, previously Chairman of Offshore Petroleum Assoc. of SA, senior positions with Forest Oil

Sundil Ramluggan - Operations Manager Geologist with significant experience in SA, previously with BHP and De Beers among others

Umbono Capital - South African Partner Operational expertise and local stakeholder relations

CAPITAL STRUCTURE AND TEAM

Top 5 Shareholders & Management Number of

Shares Percentage

Interest

Salt Minerals Investments Limited 40,000,000 40%

Management 4,300,000 4%

Deck Chair Holdings Pty Ltd 3,064,999 3%

Mahsor Holdings Pty Ltd 2,734,000 3%

Investment Holdings Pty Ltd 2,500,000 3%

Mikonos Investments Pty Ltd 1,900,000 2%

Capital Structure Shares Options Cash A$

Existing1 100,000,000 90,000,000 4,000,0002

Market Cap $0.273 27,000,000

EV 23,000,000

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Note: *Interest subject to completion of transaction

PROJECT SUMMARY

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MOPANE UPDATE

Current Works • Expanded 8 core hole drilling program underway

• Drilling and logging of 2 core holes completed -undergoing permeability testing

• 4 core holes piloted to 100+ metres

• 2 rigs operating on site to complete program

Results to Date • Excellent coal thickness and gas measurements

• Coal packages at ideal depths of greater than 350m

• Net coal thickness intersected over double used to determine independent expert’s Best Estimate Gas-in-Place of 1.9 Tcf

Core Hole - MOP001A • Drilled to 569m - intersected 129m of the Ecca Coal

Package at 422 to 552m

• 38.16m net coal Package

• 22 canisters collected for desorption analysis

Core Hole - MOP002A • Drilled to 504m - intersected 128m of the Ecca Coal

Package at 366 to 495m

• 38.2m net coal package

• 29 Canisters collected for desorption analysis

Future Works • Complete 8 well program by June 2013

• Completion of desorption analysis and well testing Jul-Aug 2013

• Booking of a contingent resource Aug-Sep 2013

Gassy coal sample from MOP002A

Well profile for Mopane based on existing well data.

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BHP

Sunbird

Cairn India

Island Point

Offshore

Area

100 km

Kudu HRT

Ibhubesi

Cape Town

South

Africa

5/6

1 HRT

Energulf

HRT HRT

Tullow

Kunene Enigma

Petrotek

South

Africa 2A

2B

3B/4B 3A/4A

3B

4B

Shell

Anadarko

Thombo

Sungu

IBHUBESI GAS PROJECT Ibhubesi Gas Project

• Acquisition of a 76% interest in Production Right Block 2A, from Forest Oil and Anschutz – subject to completion

• Covers 5,000km2 area within the Orange Basin and contains the Ibhubesi gas discovery

• Located ~380km north west of Cape Town and 105km off the coast of the Northern Cape Province

• PetroSA, South Africa’s national oil company is the JV partner - 24% interest

World Class Asset

• Largest undeveloped gas discovery in South Africa

• Production Right granted in Oct 2009 - 5 year Gas

Market Development Period prior to commencing the

25 year Production Period

• No capital commitments under existing title – all

capital spending discretionary and contingent,

including no work commitments on block

• Approvals in place for drilling and development,

offshore pipeline and onshore gas processing facility

• Initial commercial development supported on current

discovered resources with considerable upside from

additional reserves

• Recent high profile entries into area; Shell, Anadarko,

Cairn India with BHP already operating

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Orange Basin licence map For

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Gross Contingent Resources for Sequence 14 Sand (Bcfe)

1C 2C 3C

201 869 1,366

Unrisked Gross Prospective Resources (Bcf)

Reservoirs P90 P50 P10

Sequence 14 (outside 3D)

4,360 6,369 9,082

Sequence 15 1,189 1,702 2,324

Kudu Sand 106 286 628

TOTAL 5,655 8,357 12,034

IBHUBESI RESOURCE OVERVIEW

History of Discovery

• 11 wells drilled since 1981 resulting in 7 gas discovery wells

• Between 2001 and 2004 8 wells drilled and tested, together with the acquisition of 1,770 km2 of 3D seismic

• US$120 million has been invested in exploration and appraisal since 1998

Discovered Contingent Resource

• An independent assessment of the field in 2009 estimated that the Ibhubesi Gas Field contained the following resources:

Resource Upside

• Significant exploration upside with hundreds of additional drill targets defined by extensive 2D and 3D seismic data

• Estimates of prospective resources are detailed in the table below:

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Well GeobodyGeobody

Type

Gas /

Wet

Testing

Method

Gas Rate

(mmcf/d)

Condensate

Rate (bbl/d)

A-K1 RAI # 18 Channel Gas DST 16 169

A-K1 RAI # 18 Channel Gas DST 24 152

A-K1 RAI # 30 Channel Gas DST 13 89

A-K2 RAI # 18 Channel Gas DST 27 649

AV-1 RAI # 33 Channel Gas RFT Gas w/cond

AV-1 NG Gas RFT Log

AV-1 RAI # 32 Channel Gas RFT Gas Gradient

AW-1 NG Gas Log

AW-1 RAI # 39 Channel Gas Log

AW-1 RAI # 38 Channel Gas Log

AW-1 RAI # 37 Fan Wet Log

A-Y1 RAI # 46 Channel Gas DST 28 650

A-Y1 RAI # 46 Gas DST 29 650

A-Y1 NG Gas DST 15 150

A-AA1 RAI # 67 Fan Wet Log

A-AA2 RAI # 67 Fan (updip) Gas RFT Gas Gradient

A-X1 RAI # 67 Fan Wet Log

A-X1 RAI # 55 Fan (updip) Gas DST 29 299

A-X1 NG Gas Log

A-X2 NG Wet Log

A-X2 RAI #67? Fan Wet Log

A-X2 RAI # 55 Fan Wet Log

A-X2 NG Gas Log

Totals 180 2808

IBHUBESI GAS FIELD PROPERTIES

Reservoir Characteristics • Complex but productive fluvial channel and fan sands deposits

• Reservoir depths from 3000-3500m below seafloor, water depth range from 200 to 260m

• High quality with porosities ranging from 16-25% - permeability averaging 100mD and up to 200mD

Production Tests • 11 wells drilled in Block 2A - 7 discoveries

• Excellent reservoir productivity demonstrated in the production tests

• 4 wells underwent production testing - combined flow rate of 195 MMcfe/d

• Average flow rate of 22.5 MMcf/d with 351 bbl/d of condensate from a single zone

• Initial discovery well, Soekor A-K1 (1986), tested at a combined rate of 53 MMcf/d and 410 bbl/d of condensate

• The A-Y1 well tested at a combined 72 MMcf/d with 1,450 bbl/d of condensate

Gas Quality • Pipeline quality gas with no impurities, contains valuable LPG

and condensate - yields estimated at 20 barrels of LPG and condensate per 1 MMcf

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Well production testing results

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0

km

20

Production

Right

SB Deep Time

Structure

Map

Total

Combined

Coverage

1770 Sq Kms

OB113D-01

Acquired

16 May –

27 July 2011

710.62 Sq Km

SEISMIC COVERAGE

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3D Seismic Coverage 2D Seismic Coverage

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3D GEOBODY INTERPRETATION

Sequence 15

Geobodies

Sequence 14

Geobodies

10 km

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DEVELOPMENT OPTIONS

Saldanah Bay IPP

• Requires 263 km offshore pipeline

• Connect to power grid located in close

proximity to pipeline shore crossing

• Existing environmental approval covers

offshore field development

• EIA required for offshore pipeline, onshore

gas processing facility and IPP

• Power Purchase Agreement to be secured

via DoE tender process expected in Q3 2013

Saldanah Bay - Ankerlig Conversion

• Requires 263 km offshore pipeline and

onshore pipeline from shore crossing to

Ankerlig

• Existing environmental approval covers

offshore field development

• EIA required to cover offshore pipeline and

onshore pipeline to Ankerlig

• Gas Sales Agreement to be secured via

direct negotiations with Eskom – process

underway

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Ibhubesi Gas Project

Midstream Project

Downstream Project

100

Km

Saldanha

Atlantis

Cape Town

108

km

2A, Ibhubesi

Gas Project

Island Point

Multiphase gas, condensate, produced

water and MEG pipeline

Control Station providing subsea

control and power to subsea wells

1,300 MW utility power generation

plant (base load and peaking),

industrial consumption

40 km spur line to supply port

city of Saldanha (industrial

usage)

Umbilical

Onshore Receiving Station

Providing separation, gas dehydration

263

km 454 MW gas-fired power station

(reciprocating engine technology,

50% load factor)

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IBHUBESI PROJECT ROADMAP

Concept Select Define Execute

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PRE-FEED FEED PROJECT EXECUTION

Subsurface – MHA/RPS • Reserves Upgrade • Preliminary FDP

Subsurface – MHA/RPS • Full Field Development Plan

Upstream • Project Execution Plan

Surface Engineering – JP Kenny • Preliminary Development Plan • Cost Estimate ~20%

Surface Engineering –JP Kenny • Development Plan • Cost Estimate ~10% • Contracting and Procurement

Midstream • Project Execution Plan

Environment - CCA • Scoping studies

Environment - CCA • EIA • Community & Stakeholder

Engagement

Downstream • Project Execution

Commercial – Sunbird/PetroSA • Partnering Negotiations • GSA/PPA Term sheet • Funding Plan

Commercial – Sunbird/PetroSA • Partnering Agreement • GSA/PPA Executed • Funding Arranged

VAR FID 1H 2013 2013 - 2014 2015

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INVESTMENT SUMMARY

Sunbird transforming from explorer to leading gas developer in South Africa

• Monetising resources into high value, under supplied local energy markets

• Acquiring world class gas discovery to accelerate business strategy –869bcf (2C) resource Ibhubesi Gas Project

• Clear path ahead, near term target milestones to build asset value:

• CBM commercialisation potential:

Mopane Project - complete 8 core hole drilling program > book contingent resource > pilot production to demonstrate flow rates

Springbok Flats and Ermelo West - ongoing exploration

• Advance Ibhubesi Project to commercialisation:

Complete feasibility study

Covert contingent resource to proven reserves

Secure Gas Sales Agreement

Undertake Front End Engineering and Design (FEED) study on development plans

Develop project financing options

• Low risk growth - initial acquisition payments met from cash in bank, existing business and work program not affected

• Experience to deliver unconventional gas projects and large scale gas/LNG developments – supported by expert contractors and strategic partners

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CONTACT INFORMATION

Sunbird Energy Ltd www.sunbirdenergy.com.au

Will Barker

Managing Director

wbarker@sunbirdenergy.com.au

+61 417 449 501

Andrew Leibovitch

Executive Director

aleibovitch@sunbirdenergy.com.au

+61 417 981 817

Production testing of the A-K2 well Ibhubesi Gas Field in 2000

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Disclaimer This presentation (Presentation) has been prepared by Sunbird Energy Ltd (Sunbird). This Presentation is not a prospectus or a product disclosure statement under the Corporations Act and has not been, nor is it required to be, lodged with the Australian Securities and Investments Commission (ASIC). Nothing in this Presentation should be considered as a solicitation, offer or invitation in any place where, or to any person to whom, it would not be lawful to make such an offer or invitation. Certain statements contained in this presentation, including information as to the future financial or operating performance of Sunbird and its projects, are forward-looking statements. Such forward-looking statements:

•are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Sunbird, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; •involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements; and •may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.

Forward Looking Statement Sunbird disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “potential”, “opportunity” and similar expressions identify forward-looking statements. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. No representation or warranty is or will be made by any person (including Sunbird and its officers, directors, employees, advisers and agents) in relation to the accuracy or completeness of all or part of this document, or any constituent or associated presentation, information or material (collectively, the Information), or the accuracy, likelihood of achievement or reasonableness of any projections, prospects or returns contained in, or implied by, the Information or any part of it. The Information includes information derived from third party sources that has not necessarily been independently verified. All gas resource information in this report is sourced from the Independent Expert Report compiled by MBA Petroleum Consultants and contained in the Sunbird Prospectus. Subject to any obligations under applicable laws, regulations or securities exchange listing rules, Sunbird disclaims any obligation or undertaking to release any updates or revisions to the Information to reflect any change in expectations or assumptions. Nothing contained in the Information constitutes investment, legal, tax or other advice. The Information does not take into account the investment objectives, financial situation or particular needs of any recipient. Before making an investment decision, each recipient of the Information should make its own assessment and take independent professional advice in relation to the Information and any action taken on the basis of the Information.

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