Succeeding in Australia as a Services Company AACC February 6, 2015 WellDog offices Laramie - US 1482 Commerce Drive Suite S Laramie, WY USA T F Brisbane - AU Level Adelaide St. Brisbane, 4000 QLD Australia T +61 (0) F +61 (0) Toowoomba - AU 179 Stephen St. Toowoomba, 4350 QLD Australia T +61 (0) F +61 (0)

WellDog Your new best friend Overview Confidential & proprietary2 Background Offices/ Infrastructure Customers Supply Chain/Logistics Key Learnings

WellDog Your new best friend Background WellDog USA – Gas content testing in coals, shales and other formations – Strategic partnership in Australia with an existing business Providing services to the CSG industry Leverage contacts, market knowledge, etc. 3Confidential & proprietary

WellDog Your new best friend Offices/Infrastructure Brisbane presence – Established Australian subsidiary company (December 2010) Hired local, knowledgeable, connected, salesman Engaged professional advisors (legal, accounting, banking) Established initial office location Aggressively engaged markets – Local investors – Local customers Local lodging Local operations facility Hired local staff – Commitment to live and work locally 4Confidential & proprietary

WellDog Your new best friend Customers First revenue, February 2011 – Gas content testing Market Opportunity – Downhole sensors – Fit for purpose solution Sourced internationally Modified for Australian content Highest levels of customer service – Responsive to customer needs and timing – Very high success rate, warranty – Partner relationship Competitive pricing Custom installation equipment 5Confidential & proprietary

WellDog Your new best friend Supply Chain/Logistics Diverse International Supply Chain (sensor business) – Required for fit for purpose solutions – Best pricing – Convert to Australian made ASAP – Complex and expensive logistics Inventory volumes and cost Air versus sea freight Diverse market needs – Forex challenges Australian dollar versus international currencies 6Confidential & proprietary

WellDog Your new best friend Key Learnings Must commit to be local Right solution for customers problem, really listen to the customer Must be engaged with customers beyond just selling them something Service, service, service Need to be very creative to solve the logistics and forex situation Hire local managers and staff Be involved in the communities in which you work 7Confidential & proprietary

AACC February 6, 2015 WellDog offices Laramie - US 1482 Commerce Drive Suite S Laramie, WY USA T F Brisbane - AU Level Adelaide St. Brisbane, 4000 QLD Australia T +61 (0) F +61 (0) Toowoomba - AU 179 Stephen St. Toowoomba, 4350 QLD Australia T +61 (0) F +61 (0) Succeeding in Australia as a Services Company