Larus Energy Limited is an Australian public unlisted petroleum exploration company, incorporated in New South Wales in 2009. The Company is focused on high-impact oil and gas exploration in the Torres Sub-Basin, an emerging offshore petroleum province in the Gulf of Papua, offshore Papua New Guinea.

Key highlights include:

• Dominant acreage position across Petroleum Prospecting Licences PPL579 and PPL695
• 100% ownership held through wholly owned subsidiaries Larus Energy (PNG) Limited and Larus Energy (PNG No.2) Limited
• Over 14,000 km² of highly prospective offshore exploration acreage
• Licences valid until 2030
• 3D seismic survey acquired in 2023, confirming a promising play with multiple large structural targets
• Geological potential supported by evidence of reservoir, seal, and direct hydrocarbon indicators
• Basin geometry considered analogous to major Atlantic Margin discoveries such as Namibia and Guyana

Larus Energy’s strategy is centred on disciplined, technically driven exploration—investing early in high-quality data acquisition, de-risking large prospects, and progressing projects to drill-ready status to maximise shareholder value.