For personal use only - Australian Securities Exchange esah a-1, p lanned for 2H 2012 M esah a c onc ession W ildc at ac reage w ith rift graben p otential The Mesaha Block in Egypt

November 2012

Investor Presentation

Leveraged for Growth

Agri Energy Limited to be renamed

100,000 km2 oil exploration block in Sudan

Prospective resource of 1.5 billion barrels in Block

Highly experienced Management Team based in Perth and Khartoum

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Leveraged for Growth 2

Agri Energy Limited, to be renamed

Corporate snapshot

Share structure $MM

Share price 0.01

Issued shares 750

Market capitalisation 7.5

Cash and equivalents 0.4

Enterprise value 7.1

Highlights

49.9% shareholding in African focussed explorer holding a 75% working interest in highly prospective 100,000 km2 onshore exploration block in Sudan (37.4% beneficial share)

CPR indicates 1.5 billion barrel gross un-risked prospective resources

Block surrounded by multi-billion barrel oil producing provinces

Unexplored Mourdi and Mesaha sub-basins within block

Exploration activity in Sudan and neighbouring regions increasing, drilling in adjacent acreage in 2012 and 2013

Agri Energy Limited (ASX:AAE) to change its name to Sirocco Energy Limited

Management ownership

Management and directors 22.9%

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Leadership

Dougal Ferguson

FINANCE DIRECTOR

Over 20 years’ corporate and financial experience in the oil and gas sector

Upstream technical, commercial and capital markets experience

Principal architect of merger acquisition by Salinas Energy of Neon Gas in 2010, resulting in Neon Energy (ASX)

Internationally has worked in commercial roles for Premier Oil plc, Hess Corporation in the United Kingdom, and Brightoil Petroleum Limited (HKSE)

Greg Channon

MANAGING DIRECTOR

Over 25 years’ experience in oil industry, most recently Executive Director of Brightoil Petroleum Limited (HKSE)

Trained across geoscience disciplines and as a qualified person

Lead technical director of CLNR, whose Ivory Coast assets were acquired by ASX listed Rialto Energy

Previously held management roles with Santos, Fletcher Challenge Energy, Shell, Swift Energy, Salinas

Michael Earle

JOC PRESIDENT

Based in Khartoum, Sudan

Petroleum Geologist with 28 years’ experience

PhD in geology from University of London

Worked for BP, Hess, Lasmo and OMV. International focus, with expatriate assignments completed in nine countries

Experienced in North Africa (Sudan, Libya and Egypt), Middle East, SE Asia and Europe

Strong leadership team forged over years of working together in other ventures

Proven commercial and technical expertise and a track record of exploration success

Pat Burke

NON-EXECUTIVE DIRECTOR

15 years legal experience with law firms and companies in Australia and Ireland

Expertise in corporate, commercial and securities law with an emphasis on capital raisings and mergers and acquisitions

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100,000 km2 un-explored onshore exploration block

Net 37.4% to Agri

Two sub-basins identified on gravity and existing seismic

1.5 billion barrel gross prospective resource

“Early Mover” status in post-separation Sudan

Competitive process, many international participants

Ground floor opportunity

low entry cost

US$2 million signature bonus (gross)

Experienced management

direct onshore operating experience

Standard EPSA Terms

50 B bbls Reserves

10.6 B bbls Reserves

2.2 B bbls Reserves

1.9 B bbls Reserves

7.2 B bbls Reserves

6.0 B bbls Reserves

Block 14, Sudan

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Block 14 and regional activity

Higher level of activity at the present time

Well in Block 12A (Al Qahtani and partners) to the south

El Mesaha Block (Petroceltic and partners) in Egypt are drilling immediately to the north

Majors returning to Libya

Further licencing activity in Chad and Sudan

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Competent Persons Report by Senergy (GB) Limited

Estimated number of potential traps 30

Best estimate of trap size 50 mmbbls

Gross un-risked prospective resource 1,500 mmbbls

Net un-risked prospective resource (Agri at 37.4%) 560 mmbbls

CPR independently validates plays in Block 14

Using the current limited dataset, Senergy has determined Block 14 to be frontier but potentially high reward hydrocarbon exploration acreage

Based on analogue with the Muzurq Basin, and an estimate that 25-35% of the entire block is prospective, Senergy estimate 30 traps can be identified

Predicted field size distribution of traps

Low (P90) 20 mmbbls

Best estimate 50 mmbbls

High (P10) 200 mmbbls

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CPR recognises de-risking process to increase value

Significant de-risking can occur in Block 14 over 12-18 months The above de-risking can be realized prior to drilling a well reducing the risks of

dilution through raising capital

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Slide 39 Asian Roadshow June 2012

Beach 15%, Melrose 40% (operator), Hellenic 30%, Kuwait Energy 15%

The largest concession area in Egypt at 42,700 km2

Possible rift basin similar to Gulf of Suez

Potential for very large oil fields (>100 MMbbl+)

~ 2,500 km of regional and infill 2D seismic acquired and interpreted

First exploration well, Mesaha-1, planned for 2H 2012

Mesaha concession

Wildcat acreage with rift graben potential

The Mesaha Block in Egypt is adjacent to Block 14

Operated by Melrose Petroleum Plc, with partners Beach Energy Ltd, Hellenic Petroleum SA and Kufpec

2,500km seismic acquired in 2010–12, following basin definition by gravity in 2009

Mesaha-1X is designed as a combination structural and stratigraphic test to evaluate as much of the sedimentary package as possible

The drilling will assist in defining the prospectivity of the basin and the Block 14 potential

El Mesaha Block Egypt

Source: From Beach Energy website

Mesaha-1X

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Mature oil producing country

good infrastructure and systems

High prospectivity

country-wide exploration success >50%

Strong basin analogues in surrounding countries

Majors already exploring and producing:

CNPC

Petronas

ONGC

International contractors and service providers already in place

2012 Licensing Round attracted ~70 bidders, including many western companies. All blocks were awarded to international companies

Sudan’s oil industry

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Block Data

gravity

340km x 229km

2D seismic

13 lines, ~1,200km

well

SW- 1 shallow stratigraphic well

Bouguer gravity data over western Block 14 shows two main depo-centres, identified as the Mourdi and Mesaha Sub-basins.

Mesaha Mesozoic Graben?

A

B

C

D

No Data

A B C D

Dep

th

Gravity and structural cross section

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Over 1,000 boreholes drilled

Significant hydrocarbon indications from extensive micro-biological sampling over primary lead

Early indication of petroleum system in block

Microbiological survey

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Previous Field Activity

2005

Airborne gravity and magnetic survey in by Sudapet and Petro SA

2007-2008

1,200km seismic by Salima Operating Company (PetroSA)

Microbial geochemical survey

Ground gravity and magnetic survey

Geological surveys

Block 14 is remote, un-inhabited, safe, access all year round

Block 14 past exploration

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Block 14 minimum work commitments

Agreed minimum work program Estimated minimum

expenditure (100% (US$) Minimum expenditure

Agri share 41.58%1 (US$)

First 36-month commitment

Geology and geophysical studies and gravity 2,000,000 831,667

1,000km 2D seismic acquisition 3,000,000 1,247,500

Drill one exploration well 7,000,000 2,910,833

Minimum first commitment 2012–2015 12,000,000 4,990,000

Second 18-month commitment

4,000km 2D seismic acquisition 5,000,000 2,079,167

Drill one exploration well 7,000,000 2,910,833

Optional second commitment 12,000,000 4,990,000

Third 18-month commitment

1 Joint Venture: Earning Paying Statesman Africa 75% 83.3% Express Petroleum 15% 16.7% Sudapet (carried) 10% 0.0%

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Timing

Q3 2012 Dec 2013

ASX re-compliance and prospectus

Technical desktop studies

Reinterpretation of seismic

New resource estimate Seismic acquisition

Procurement of Block 14 and signing of EPSA

Exploration well planning

Jan 2013 Jul 2013

Drilling in Block 12A

Publication of CPR 560 mmbbls prospective resource to Agri

El Mesaha drilling result Sudan Block 12A drilling Prospect generation

New resource estimate

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Experienced Management Team in place, both in Perth and Khartoum

560 MMbbls Net Prospective Resource

Clear de-risking process to add significant value

Increasing Exploration Activity in the region

Highly leveraged to potential new oil province

Why Invest in Agri?

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Certain statements contained in this presentation, including information as to the future financial or operating performance of AGRI ENERGY LIMITED (AGRI ENERGY) and its projects, are forward looking statements. Such forward looking statements:

are necessarily based upon a number of assumptions and estimates that, while considered reasonable by AGRI ENERGY, 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, prices, operating costs, 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

AGRI ENERGY disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or otherwise.

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 rely on forward looking statements due to the inherent uncertainty therein.

Disclaimer

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Greg Channon Managing Director

+61 404 879 307 [email protected]

Address Level 8, 225 St Georges Terrace Perth 6000 WA

Ph: +61 9486 4036 www.agrienergy.com.au

Contact information

Dougal Ferguson Finance Director

+61 404 073 360 [email protected]

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Documents

For personal use only - Australian Securities Exchange esah a-1, p lanned for 2H 2012 M esah a c onc ession W ildc at ac reage w ith rift graben p otential The Mesaha Block in Egypt