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1 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.

2 SUNBIRD OVERVIEW CBM Projects Portfolio of 5 CBM projects (8,647 km 2 ) in southern Africa - Best Estimate Gas-in-Place (GIP) of 5.3 Tcf Drilling program commenced March 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 km 2 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 2

3 CAPITAL STRUCTURE AND TEAM Capital Structure Shares Options Cash A$ Existing 1 100,000,000 90,000,000 4,000,000 2 Market Cap $ ,000,000 EV 23,000,000 Notes: 1. Options currently on issue: 70,000,000 10,000,000 Performance 10,000,000 Performance 2. As at 31 Dec As at February 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% 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 3

4 PROJECT SUMMARY Note: *Interest subject to completion of transaction 4

5 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 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 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 Well profile for Mopane based on existing well data. Gassy coal sample from MOP002A 5

6 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 5,000km 2 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 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 Offshore Area South Africa Kunene Enigma Petrotek HRT HRT Tullow HRT Energulf 100 km Kudu HRT 1 Ibhubesi 2A 2B 3B/4B 3B 4B 3A/4A 5/6 South Africa Island Point Cape Town Sunbird Cairn India BHP Shell Anadarko Thombo Sungu Initial commercial development supported on current discovered resources with considerable upside from additional reserves Orange Basin licence map Recent high profile entries into area; Shell, Anadarko, Cairn India with BHP already operating 6

7 IBHUBESI RESOURCE OVERVIEW History of Discovery 11 wells drilled since 1981 resulting in 7 gas discovery wells Between 2001 and wells drilled and tested, together with the acquisition of 1,770 km 2 of 3D seismic US$120 million has been invested in exploration and appraisal since 1998 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: Discovered Contingent Resource An independent assessment of the field in 2009 estimated that the Ibhubesi Gas Field contained the following resources: Gross Contingent Resources for Sequence 14 Sand (Bcfe) 1C 2C 3C ,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 TOTAL 5,655 8,357 12,034 7

8 IBHUBESI GAS FIELD PROPERTIES Reservoir Characteristics Complex but productive fluvial channel and fan sands deposits Reservoir depths from m 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 Well Geobody Geobody Type Gas / Wet Testing Method Gas Rate (mmcf/d) Condensate Rate (bbl/d) A-K1 RAI # 18 Channel Gas DST A-K1 RAI # 18 Channel Gas DST A-K1 RAI # 30 Channel Gas DST A-K2 RAI # 18 Channel Gas DST 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 A-Y1 RAI # 46 Gas DST A-Y1 NG Gas DST 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 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 Well production testing results 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 8

9 SEISMIC COVERAGE Total Combined Coverage 1770 Sq Kms SB Deep Time Structure Map Production Right 0 km 20 OB113D-01 Acquired 16 May 27 July Sq Km 3D Seismic Coverage 2D Seismic Coverage 9

10 3D GEOBODY INTERPRETATION Sequence 15 Geobodies Sequence 14 Geobodies 10 km 10

11 DEVELOPMENT OPTIONS Saldanah Bay IPP Ibhubesi Gas Project 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 Q Saldanah Bay - Ankerlig Conversion Requires 263 km offshore pipeline and onshore pipeline from shore crossing to Ankerlig 2A, Ibhubesi Gas Project 108 km 263 km Umbilical Island Point Midstream Project Downstream Project Control Station providing subsea control and power to subsea wells Multiphase gas, condensate, produced water and MEG pipeline Onshore Receiving Station Providing separation, gas dehydration 454 MW gas-fired power station (reciprocating engine technology, 50% load factor) 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 100 Km Saldanha Atlantis Cape Town 40 km spur line to supply port city of Saldanha (industrial usage) 1,300 MW utility power generation plant (base load and peaking), industrial consumption 11

12 IBHUBESI PROJECT ROADMAP Concept Select Define Execute Subsurface MHA/RPS Reserves Upgrade Preliminary FDP PRE-FEED FEED PROJECT EXECUTION Surface Engineering JP Kenny Preliminary Development Plan Cost Estimate ~20% Environment - CCA Scoping studies Commercial Sunbird/PetroSA Partnering Negotiations GSA/PPA Term sheet Funding Plan Subsurface MHA/RPS Full Field Development Plan Surface Engineering JP Kenny Development Plan Cost Estimate ~10% Contracting and Procurement Environment - CCA EIA Community & Stakeholder Engagement Commercial Sunbird/PetroSA Partnering Agreement GSA/PPA Executed Funding Arranged Upstream Project Execution Plan Midstream Project Execution Plan Downstream Project Execution 1H 2013 VAR FID

13 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 13

14 CONTACT INFORMATION Sunbird Energy Ltd Will Barker Managing Director Andrew Leibovitch Executive Director Production testing of the A-K2 well Ibhubesi Gas Field in

15 DISCLAIMER 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.