PEAKO LIMITED — Capital/Financing Update 2012

Jul 1, 2012

==> picture [275 x 82] intentionally omitted <==

2 July 2012

RAISAMA INCREASES INTEREST IN CADLAO THROUGH STRATEGIC ACQUISITION OF STAKE IN VENTUROIL

• Acquisition of interest in VenturOil Philippines Inc which adds significant value

• The acquisition equates to an indirect 16.25% working interest in the Cadlao project.

• Contributes 1mmbbl (2P) reserves and $22m NPV[1] to Raisama’s Cadlao interest

• Enables Raisama to leverage VenturOil’s local networks and government relationships.

• Minimal upfront cost - majority paid from production revenues

VenturOil Philippines Inc ( VenturOil ) holds a 20% undivided interest in SC6 Cadlao and a 12.88% interest in SC6B Bonita (subject to Philippines Department of Energy ( DOE ) approval). VenturOil is a highly regarded local Philippines oil and gas company with strong ties to both the Philippines government and upstream petroleum industry.

Raisama Energy Limited ( Raisama or Company ) has acquired Energy Best Limited ( EBL ), a BVI domiciled company which holds a 40% interest in VenturOil. Under the funding agreement with VenturOil, Raisama will acquire a 16.25% indirect working interest in the Cadlao project. This interest attributes to the Company 1 mmbbl (on a 2P basis), which Gaffney Cline and Associates has previously valued at $22m.[1]

Acquisition terms are confidential however payments have been structured to reflect project performance with Raisama paying an initial fee to the vendor, followed by two further cash payments, one from each of the first two liftings of oil from the Cadlao project.

Raisama will fund VenturOil’s 20% share of development costs on the Cadlao project, estimated to be between US$8m – US$10m depending upon the final development solution approved by the DOE and also the relative timing of oil revenues related to this solution.

VenturOil is only obligated to pay these costs following the “spudding” of the first development well at Cadlao, currently scheduled for 1Q13, which then closely ties project funding with project revenues. As such, Raisama does not have any near term funding obligations and, due to Cadlao’s certified reserves, believes its commitments can be partially debt funded.

Raisama managing director, Jeff Steketee, said "This acquisition is extremely attractive for Raisama, both financially and strategically. Working closely with VenturOil will allow Raisama to better engage with local stakeholders in the Philippines. This approach reflects Raisama’s

1 Gaffney, Cline & Associates (GCA): Independent Expert Valuation (Basecase NPV10 - January 2011). Subject to natural variations in oil price, production rates and costs.

Raisama Energy Limited ABN 79 131 843 868 Suite 1, 16 Ord Street, West Perth WA 6005 PO Box 1255 West Perth WA 6872 t +61 8 6143 1800 f +61 8 6143 1818 e info@raisama.com.au w www.raisama.com.au

==> picture [115 x 32] intentionally omitted <==

Indonesian strategy where we are aligned with a strong local partner to promote deal flow and assist in managing its local affairs.”

Arbitration

The acquisition of the VenturOil interest is separate and distinct from the earning of interests by Raisama under the Company’s Farmin Agreement with Blade Petroleum Limited and is therefore not linked to the outcome of the ongoing arbitration between the companies.

As noted above, Raisama is not liable for any project costs in relation to the VenturOil stake until just prior to production operations and, as such, any delay to project execution which may result from the Arbitration will not directly affect the value of VenturOil’s interest in the Cadlao project, nor Raisama’s funding commitments.

Mr. Steketee said "Notwithstanding the outcome of the Arbitration, the EBL acquisition enables Raisama to actively participate in the Cadlao project on a very low risk basis by tying funding obligations to the very final stages of development."

Cadlao Redevelopment Project

The offshore Cadlao oil field, 400km southwest of Manila was discovered in 1977 by Amoco. The field was developed in 1981, and produced about 11 mmbbl of light oil from two wells.

Production stopped in 1991 due to high operating costs and low oil prices. 3D seismic subsequently acquired over the Cadlao field revealed that large volumes of oil remained in the reservoir.

Two separate independent expert’s reports certified remaining oil reserves of around 6 mmbbls – 2P (most likely) and 4 mmbbls - 1P (proven).

The Cadlao redevelopment project is a very low development risk due to its demonstrated production history. Economics for the Cadlao Redevelopment Project are compelling based on remaining reserves alone. Nearby discoveries and low-risk exploration prospects enhance the projects prospects as a regional production hub.

Consenting Persons Approval (Person Compiling Reserves Information):

The Reserves information in this announcement has been reviewed by Mr Jim Durrant BSc (SPE, AAPG Member) with reference to the independent specialist's report on SC6 Cadlao prepared by Gaffney, Cline & Associates (Consultants) Pte Ltd in January 2011; and included in Annexure A to the Notice of General Meeting and Explanatory Statement issued by Raisama on 4 February 2011. Mr Durrant has consented to the inclusion of this information in this report in the form and the context in which it appears. Mr Durrant is a full-time employee of the Company, with more than 30 years of relevant experience in the petroleum industry.

For further information please contact:

www.raisama.com.au info@raisama.com.au Jeff Steketee, Managing Director +61 8 6143 1800 Ian Howarth, Investor Relations +61 407 822 319

2