January 31, 2023

Shareholder Update January 2023

Dear Shareholder I write to you with an update on the operations of the company, The board held its first meeting for the year this week and have moved to focus the company more on the Hydrogen and Methanol production then straight natural gas production, as the economic return on these products are greater then that of just producing natural gas, plus it gives the company alternatives revenue streams from just straight natural Gas. Texas Project The company continues the set to work program on the Madisonville gas plant and field to put this asset back into production and have the Hydrogen and Methanol plants built and installed. The work is progressing as per the plan, we are seeing some delays due to the current global environment. North Queensland Project The project is being worked-up internally and is to be located in North Queensland, Most Likely Townsville, to take advantage

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