CYCLIQ GROUP LTD — Investor Presentation 2012

Jun 28, 2012

CORPORATE PRESENTATION

29 June 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: 650,364,964 (post Shareholder Approval) Jaap Poll – Non-Executive Chairman Escrowed Shares: 10,000,000 (March 2013) Craig Martin – Non-Executive Director Convertible Note: 10,000,000 (31/12/2012 at $0.25 or 80% WAMP) Listed Options: 74,011,250 (31/12/2013 at $0.30) Unlisted Options: 1,500,000 (31/12/2012 at $0.20) 55,000,000 (31/03/2015 at $0.06) 5,000,000 (31/03/2015 at $0.04)

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Overview

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• Since March 2012...

• Brad Boyle appointed as Managing Director

• New aggressive debt reduction strategy implemented, reduced by approximately 8M

• Negotiate settlement of outstanding lawsuits with various parties

• Undertaking detailed review of all assets and operations

• Review options for adding value to Padre assets

• Renew focus on North American onshore traditional gas and oil assets

• Establish new and strengthen existing strategic partnerships in America for asset development

• Actively seeking to reacquire some lost leases and re-establish reserves at South Sprint wells

• Reviewing options to increase production on Padre Island and dispose of defunct assets

• Actively negotiating to acquire producing onshore oil assets in Gulf region

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Strategy

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• Maintain Focus on Gulf Coast

• Increase current production of gas

• Establish gas and oil reserves on new and existing assets to add value to the company

• Aim to generate positive cash flow outcome within six (6) to twelve (12) months

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Possible to achieve through :

• Upgrade of Padre Island assets

• Acquisition of small cash flow positive traditional onshore Gulf oil assets

• Review and potential acquisition of other jurisdictional opportunities

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Padre Island

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Image sourced from Google Maps June 2012

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Padre Island (Cont)

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• Located onshore Gulf Coast, Texas

• Seek to increase production of current wells, in co-junction with JV partner Vistatex

• Review of existing infrastructure and retained value to be assessed

• Re-acquire leases over South Sprint wells from GLO, applications in progress

• Complete technical review using available seismic data on South Sprint with aim to reestablish reserves

• Potential to add substantial value to Company

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Padre Island (Cont)

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• Aim re-establish positive production from South Sprint wells

• Substantial production would increase cash flow for the company

• Explore deep well potential at South Sprint

• Review options to sell or P&A defunct wells to reduce overheads and liabilities

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Current Gas Market

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• Gas Price April lows of $1.90 to current levels of $2.86.

• Showing recovery and stablisation in price

• Encouraging for Sprint ‘s Padre Islands assets

1 Year chart of US Natural Gas contract

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Gulf Oil Projects

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• Located onshore Gulf Coast, Texas and Louisiana

• Review options to complete small work-over programs to increase production on existing assets

• Actively reviewing local oil producing assets within the region.

• Seeking cash positive small oil assets within region to diversify portfolio and risk.

• Aim to provide positive cash flow for the company with in six (6) to twelve (12) months

• Utilise strategic partners skill sets and teams to reduce corporate expenditure on staffing.

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In Conclusion...

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• Sprint’s Positive Future

• Sprint seeks to strengthen its position through:

  • Reserves

  • Production

  • Cash Flow

• Sprint has been through a difficult period but is optimistic about the path forward

• Gas Market appears to be stabilising

• Subject to successful capital funding Sprint aims to:

  • To obtain the leases and re-establish gas reserves.

  • Review and complete the work programs on Padre Island

  • Seek to increase Gas Production

  • To acquire other Gulf oil assets

  • Review other value adding opportunities

  • Aim to generate positive cash flow in the near future.

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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 Suite 304, 22 St. Kilda Road St. Kilda, Victoria 3182, Australia P+61 3 9692 7222 f +61 3 9529 8057 w www.sprintenergy.com.au

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