Bridgeport Energy Reserves and Resources Statement 2025

• 2P reserves of 4.1 million barrels of oil equivalent
• 2C resources of 4.9 million barrels of oil equivalent
• Operated onshore oil production from 9 projects in Queensland

New Hope Corporation Limited (ASX:NHC) announces its formal assessment of petroleum reserves and contingent resources held through its wholly-owned subsidiary Bridgeport Energy Pty Limited ('BEL' or 'Company') in accordance with ASX listing rule 5. Bridgeport's net 2P reserves and 2C resources as at 31 July 2025 were 4.1 million barrels of oil equivalent and 4.9 million barrels of oil equivalent, respectively. BEL operates onshore oil production from 9 petroleum projects in Queensland and holds onshore exploration tenements in Queensland, South Australia and Victoria. The Company also has producing non-operated oil interests in the Santos-operated Barta (Cuisinier field) and Naccowlah (Jackson fields) joint ventures and the Vali and Odin gas discoveries in ATP 2021 and PRL 211, operated by Vintage Energy. BEL has utilised the Petroleum Resources Management System (2018 update) released by the Society of Petroleum Engineers for reserves and resources determination. The Company's operated crude oil production is presently trucked and sold into the IOR refinery (Eromanga, Queensland) with non-operated Cuisinier and Naccowlah production in southwest Queensland sent to the Santos-operated Cooper Basin Joint Venture via Moomba, South Australia. All BEL's operated production is sold within Queensland for refining and domestic consumption.

Bridgeport's net 2P reserves as at 31 July 2025 were 4.1 million barrels of oil equivalent, with crude oil comprising 94% and gas 6% of the 2P reserves volumes.