As outlined at the company's AGM in November 2019, Warrego Energy Limited ("Warrego") has focused its Australian operations on commercialising the West Erregulla gas discoveries in EP469, located onshore Perth Basin, Western Australia. Steps taken to date include the commencement of early stage gas marketing and commercialisation studies, the decision to appoint an independent third party to assess West Erregulla's reserves and resources and the decision establish a Perth office. Warrego has now set clear goals for the next phase of activity which includes a range of strategic initiatives, personnel changes and key appointments. Warrego will reorganise its Australian operations to ensure that the development phase for West Erregulla is fully supported and resourced. As part of that process, Group CEO and Managing Director, Dennis Donald, will relocate to Australia for a period from the UK in early 2020, and the company will open a Perth office in the first quarter of 2020 to facilitate commercial, development and gas marketing activities for West Erregulla gas during 2020.

Warrego announced that Cathy McKeagney will join the company as General Manager Commercial, and be based in the new Perth office from the first week of February 2020. Cathy's role will be pivotal in developing the company's gas marketing strategy and overseeing commercial matters associated with the West Erregulla development. She will also act as the focal point to coordinate the services and contracts to supply Warrego's gas to the market from wellhead to end- user. With a successful career of over 20 years in the commercial and technical arenas, most recently with Mitsui, AWE and BHP, Cathy is eminently qualified for this key role. Following the reverse takeover of Petrel Energy by Warrego in March 2019, David stepped down as the Managing Director of Petrel and immediately stepped into the role of CEO Australia & Asia-Pacific reporting to Group CEO Dennis Donald. David will stand down from his current position in January 2020 and a new operational country manager will be appointed in the next quarter. David will be handing over to the new operational manager in the coming weeks.