CYCLIQ GROUP LTD — Investor Presentation 2012

Sep 24, 2012

CORPORATE PRESENTATION

25 September 2012

General Disclaimer

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This presentation has been prepared by Sprint Energy Limited (“Sprint” or the “Company”).

It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation may contain forecasts and forward looking statements that are subject to risk factors associated with the oil and gas industry. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied. The Company has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, Sprint makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.

This overview of Sprint does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.

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Corporate Snapshot

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BOARD OF DIRECTORS

CAPITAL STRUCTURE

Brad Boyle - Managing Director Shares on Issue: 653,543,513 Jaap Poll - Non-Executive Chairman Escrowed Shares: 10,000,000 (March 2013) James Thompson - Non-Executive Director Escrowed Shares: 100,000,000 (June 2013) Options: 1,500,000 (Expiry 31 December 2012 at $0.20) Options: 74,011,250 (Expiry 31 December 2013 at $0.30) Options: 55,000,000 (Expiry 31 March 2015 at $0.06) Options: 5,000,000 (Expiry 31 March 2015 at $0.04)

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Location - Penza Region, Russia

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• 600km S of Moscow

• 400Km north of Volgograd

• Well developed road, rail

• and oil/gas pipeline infrastructure

• Year round access

• Close to oil refineries and market

• Skilled local labor force

• Local and international services

• Airport access from Moscow

• (45min air travel)

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Figure 2: Regional map Russian Oil Production and estimated location of Burtasi Licenses (Image Sourced Nobel Oil)

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Figure 1: Regional map of Penza
(Image Sourced www. friends-partners.org)
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Penza
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Volga-Ural Main Oil
Producing Region
>600km [2 ]
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Two license areas
1. Pionersky
2. Shatkinsky
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Figure 3: Map of Volga Ural Basin (Image Sourced USGS)

Penza Region Oil Licenses

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Economics

• Russian taxation regime

• Stable fiscal terms, company tax, normal labor provisions, cost recovery

• Close to oil pipeline to Europe - +/- World Parity Pricing WTI -10% for produced oil (+/US$84/bbl, 24 September 2012 price = US$92.00)

• Estm in ground price per barrel US$3 - 5.00 on 72mmbbl OOIP

• Sprint entry @ US$1.25M + $650K for 30% increasing to 70% after drilling @ between $3.8M - $6.89M (depending on pricing)

• Large economic potential with estimated in ground resources

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Regional and Provincial Overview

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1. The Pionersky is a 86.6km[2] license.

2. The Shatkinsky license is 31km[2 ] and contains a discovery well # 125 that intersected

oil

1. All licenses are located in Penza Region in southern Russia 100% to Burtasi Oil LLC

2. The Penza Region produces a large proportion of the Russian Federation oil from the Volga-Ural Oil and Gas Province

3. Local production in 2010 was 190,000 tonnes (1.3Mbbls) from adjacent oil fields eg: Komarovsky (Field), Alexeeyevsky (Field), and Verhozminsky Oil Fields less than 6km from the Burtasi Oil license areas.

4. The licenses falls into the "local development" category and as such are not directly

subject to federal control

Pionersky License

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Pionersky Site (a former name: Sadosvky Site)

The Pionersky site is located within the Kuznetsky region of the Penza Oblast. Type of mineral resources: oil.

Size of the Pionersky site is 87 km2.

Administratively, the Pionersky/Sadovsky field is located within the Kuznetsky region of the Penza region. The regional center of the Kuznetsk town is located 10 km northeastward of the licence area northern boundary, which is crossed by the main railway and national road. Regional roads run 5 km northwest-ward and eastward of the licence area. The Pionersky/Sadovsky licence area is located 4-km southward of «Druzh-ba" oil pipeline.

Tectonically, this site is located within the Zhigulev Val (Swell) of the Zhigulev-Pugachev anticline fold. According to the oil and gas zoning, the site is a part of the Zhigulev oil and gas accumulation zone of the Zhigulev-Samarkin petroliferous region of the Middle-Volga oil and gasbearing area.

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Figure 4: Pionersky License Boundary outlined in Red (Image Sourced Burtasi Oil August 2012)

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Shatkinsky License

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Shatkinsky Site

Administratively, the Shatkinsky site is located in the north east of the Kameshkirsky area of the Penza Region. Orographically the licence area is a plateau located in the territory of the Privolzhie Uplift with strongly dissected river and ravine net. The River Kadadah with numerous tributaries is located at a distance of 2 km northward of the Shatkinsky site. The area center (Russky Komeshkir Town) is located at a distance of 3,5 km to the northern asphalt road. The “Saratov – Kuznetsk” asphalt road runs along the north western border of the site. The distance to the Chaadaev station located on the north-west of the site is 36 km.

A big center and railway station is at 40 km to the north-east. The railway “Moscow-Tashkent” and the motor road “Moscow-Samara” runs across the Kuznetsk Town. The site proposed for licence area is located 2 km southward of the New Shatkino village. Nearest population centers are the Verhozim and Demino, located in the east of the site; Krasnoye Pole village is in the south east. The villages are connected by ground roads.

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Figure 4: Shatkinsky License Boundary outlined in Red (Image Sourced Burtasi Oil August 2012)

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Soviet Structure Map

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PRODUCING FIELDS
Figure 5: Mapped closures on Burtasi Oil Licenses: Estimated
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13mmbbls Recoverable cumulatively (71mmbbls OOIP) (Image Sourced Burtasi Oil August 2012)

Shatkinsky Well # 125 (Drilled 2002-2003 to 1883m)

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Water and Oil Recovered from lower zones in
Carboniferous (Baskirian) carbonates
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Oil Recovered from 3 zones in the
Carboniferous (Baskirian) carbonates
2004 Log interpretation and testing results
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Reservoir parameters Gross Reservoir: 27m Net Reservoir: 12.5m Porosity: 14.2 – 16.6% Oil Saturation: 61.6 – 89.9 Structural Closure:

Figure 6: Shatkinsky License Well Logs (Image Sourced Burtasi Oil August 2012)

Indicative Resources on mapped Prospects

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	License	Prospect	Original oil in place	Recoverable	Recoverable	Recoverable	Recoverable
			OOIP P50 (mmbo)	P10 (mmbo)	P50 (mmbo)	P90 (mmbo)	Mean (P30) (mmbo)
	Shatkinsky	East Shatkinsky	11.23	6.15	1.78	0.52	2.66
		West Shatkinsky	11.91	6.59	2.23	0.76	3.04
	Pionersky	Pionersky	7.79	4.20	1.46	0.51	1.96
		New Sadovsky	7.57	4.03	1.42	0.5	1.89
		Krasnopolensky	9.87	6.04	1.85	0.57	2.67
		Chirchimsky	23.33	13.18	4.37	1.38	6.19
	Totals		71.70	40.19	13.11	4.24	18.41
	Estimated 13.1mmbbls indicative reserves at P50

Work Program and commitments

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The licenses are current with very modest and achievable work commitments:

• 2012-2013: G & G $250,000

• 2013: 50km 2D Seismic $2960 – 3895 per line km (US$148-195K)

• 2014 - 2015: G & G $250,000

• 2015: 50km 2D Seismic $2960 – 3895 per line km (US$148-195K)

• End of Phase One acquisition for 30%

• 2016-2017 one well to Devonian @ 1650m US$2 – US$2.5M on each license

End of Phase two acquisition for total 70%

NB: Costs subject to fluctuation depending on time of year, service availability etc.

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Contact Details

Brad Boyle Managing Director Ph: 0417 175 852 Email: brad.boyle@sprintenergy.com.au

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Registered Australian Office Sprint Energy Ltd 1186 Hay Street West Perth, Western Australia, 6005 P +61 8 9215 4200 F +61 8 9215 4299 w www.sprintenergy.com.au

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Competent Person Statement:

The information in this announcement, which relates to indicative recoverable reserves and original oil in place is based on information compiled and peer reviewed by Mr Jon W Roestenburg who is a member of the Australian Institute of Geoscientists (AIG). Mr Roestenburg is a director and principle geoscientist of Petroscope Pty Ltd, an Oil and Gas Business Development Group and Consultancy. Mr Roestenburg has over 35 years of mineral and petroleum experience involving technical, managerial and corporate roles. In the global petroleum industry Mr Roestenburg’s operational, technical and leadership competencies extend across a number of different cultures and languages and business environments. Mr Roestenburg has worked in large, multi-national oil corporations such as Mobil Oil and Schlumberger with experience in onshore USA, Central Asia, China, Japan, Southeast Asia and Australasia. He is recognised in the industry as an individual with specialist competencies in Petroleum Geoscience. He is a financial member of the Australian Institute of Geoscientists and a life member of the American Association of Petroleum Geologists.

Forward-Looking Statements:

This document may include forward-looking statements. Forward-looking statements include, but are not necessarily limited to, statements concerning Sprint Energy Limited’s planned exploration program and other statements that are not historic facts. When used in this document, the words such as “could”, “plan”, “estimate” “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Although Sprint Energy Limited believes that its expectations reflected in these are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.

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