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FINSIA PRESENTATION (ASX: GPP)

5 February 2009

DISCLAIMER and ACKNOWLEDGEMENT

Certain statements made during this presentation, including, without limitation, those concerning our strategy for any development on properties and the industry, contain certain forward-looking statements regarding GreenpowerEnergy’s, economic performance and financial condition. Although Greenpowerbelieves that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Greenpower Energy undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events.

Some of the material presented has been sourced from outside parties including (but not exclusively) ABARE, BP, DPI (Vic) and public information available from companies involved in the CBM industry.

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What we are looking for

What we have

Where we are going

The board

WHAT IS COAL SEAM GAS?

• Coal Seam Gas (CSG) or Coal Bed Methane (CBM) is ‘unconventional’ gas that differs from conventional gas in how it is generated and occurs in nature

• CSG is methane which is generated by coal during the coalification process and then held by pressure to the coal molecules

• Conventional gas typically exists in the pores and/or fractures of sedimentary rock

• A reduction in pressure (by lowering the water level) will allow the methane molecule to ‘disengage’ and flow to the surface

USA PIONIERED PRODUCTION

• CSG reserves initially commercially exploited in the San Juan Basin and expanded to the lower-ranking coals of the Powder River Basin in the US

• New technologies have been developed (eg. efficient drilling) that reduce the risks for CSG production

• Increasingly contributing to the overall US gas supply

Water pumped out

Gas recovered

AUSTRALIA’S CSG INDUSTRY

• ‘Greenhouse friendly fuel’

• Relatively low exploration and production costs

• Convenient proximity to major markets: in Qld there are major CSG driven LNG developments. In northern NSW there is substantial ownership re-alignment as a forerunner to development of a CSG supply feeding into Sydney

• Estimated 30+ Tcf of CBM [2P plus 3P] reserves in the combined NSW & Qld – +90% of eastern Australia’s total 2P reserves

• NSW – Sydney Basin, Gunnedah Basin & Clarence-Moreton Basin; Qld – Bowen, Surat, Galilee Basins

FUTURE MARKET & CSG DRIVERS

• Conventional gas reserves in eastern Australia are in decline, particularly in Cooper and Gippsland basins

• Shortfall of conventional gas from as early as 2011

• LNG developments will ‘internationalise’ the east coast gas pricing mechanisms

• Global warming and the move to greenhouse friendly fuels

WHAT WE HAVE

COMPANY ASSETS

OUR LOCATIONS

WILLOCHRA BASIN SAPEL (A) 145 – APPLICATION

• About 6,197km2

• Little information

• Greenfields acquisition

EROMANGA BASIN SAPEL (A) 145 – APPLICATION

• About 2,679km2

• Overlies Cooper Basin

• Gas and oil pipelines run through PEL(A)

• Untested CSG potential in the Eromanga Basin sediments

• Storage potential for natural gas and CO2

GUNNEDAH BASIN NSWPEL 428

• 20% interest held by GPP

• Orion Petroleum Ltd operator

• Total area 81 blocks (approx 7500km2). Renewed for two years until 14 Sep 2010

• A corehole which will test Cretaceous and Jurassic coals is planned for Feb/Mar 2009

• Sited in the northern part of the permit

WA – WALYERING CSG AND TIGHT GAS

NORTH PERTH BASIN EP’S

• Strong gas peaks recorded when drilling through coal seams

• Coal cleats are inferred to be gas charged rather than water filled

WALYERING-4 MUD LOG: UPPER CATTAMARRA COAL MEASURES

Substantial zones of ‘relaxed’ stress are inferred for the Walyering Anticline

SEISMIC LINE DR97-21

• Upper Cattamarra Coal Measures contains 13.5m net coal in the 2,859-2,953m interval

• Wireline log calculated gas contents 300-500 scf/ton of coal

• Coals are generally black, Vitrinite – rich and brittle

• Coal rank is medium volatile bituminous

WALYERING-4 COAL BED METHANE RESULTS

• Dampier to Bunbury Gas Pipeline is operating at full capacity of 580 TJ/day (212 PJ/annum)

• ABARE modelling predicts WA gas consumption will rise from 355 PJ in 2001 to 749 PJ in 2020

• Parmelia Pipeline under utilised – significant tariff advantages in using this pipeline

WA GAS MARKET

• For CSG find areas of low (relaxed) stress – analysis in progress

• Open fractures can exist at depths ranging from 2,100-3,000m

• For tight gas: a structural study to outline areas of enhanced permeability followed by 3-D seismic to allow optimum well placement

• Higher pressure at deeper levels lead to greater peak gas production rates than in shallow wells (ie. assuming similar permeability). True for tight gas as well as CSG

KEY POINTS ON TIGHT GAS AND DEEP CSG PLAYS

• Major gas resource in vitrinite-rich coals and adjacent sandstones

• Extensional tectonic setting suggests good fracture/cleat permeability

• Cost of drilling deeper vertical legs for multilateral wells likely to be offset by good pipeline infrastructure

• Reported ‘contingent resource’ of 1.63 TCF of gas in the coals and for tight gas. The Walyering structure alone has been assessed by the previous owners in a report to the ASX to contain 200 BCF of producible gas plus condensate

WA SUMMARY

OTWAY BASIN VICTORIAEL4811,EL4368 & EL4369

• About 1,500km2

• Black and brown coal intersections found in oil exploration wells

WHERE WE ARE GOING

DEVELOPMENT PATHWAY

• 3D seismic survey to assist in CSG and tight gas development

• Multilateral wells

• Incremental cost over shallower fields is only the deeper vertical leg

• Otherwise costs are analogous to multilateral wells in other CSG development programs

• Gas transport tariff cost advantage of Parmelia pipeline offsets costs of drilling deeper vertical legs

NEXT STEPS – WA

NEXT STEPS – VIC, NSW & SA

• Gippsland: i) evaluate the potential for CSG in the vicinity of the old mines eg. Wonthaggi

ii) examine the potential for CSG in the deeper parts of the brown coal deposits

• Otway Basin: evaluate the potential for non energy minerals, in particular mineral sands

• NSW: continue with the corehole programme – scheduled to start in Feb 2009. Evaluate the potential of the Cretaceous and Jurassic coals

• SA: awaiting grant of applications

GPP KEY STATISTICS

As of 2 Feb 2009

Market capital A$4.46m

Share price A$0.07

Number of shares 63.77m

WHO WE ARE

BOARD OF DIRECTORS

THE CHAIRMAN ALAN FLAVELLE

1958 – graduated in physics with sub majors in mathematics and geology at University of WA

Worked as an independent consultant, resource developer and adviser to companies at technical director level

1984 – became involved in coal seam natural gas (CSG)

1985-90 – worked on CSG developments in Qld, becoming instrumental in introducing Mitsubishi Gas and Chemical to CSG technology

Executive Director of European Gas Ltd – extensive CBM operation in France

DIRECTOR GERARD KING

1978 – senior partner of Lavan & Walsh (became Phillips Fox in 1985); practiced in commercial property, banking/finance, revenue/tax, corporate compliance and mining law

1983-2002 – company director of Australasian Shopping Centres Property Trust and Australian Mining Investments Ltd

Since 1985 – chairman of Astron Ltd

1987-1996 – chairman of WA St John Ambulance Service Board

Currently – WA State St John Council Chairman

DIRECTOR TAKANO (TONY) MITSUI

1965 – graduated from Keio University in Economics

1965 – joined Tokyo Menka Corp, Osaka head office and appointed GM, Metals and Minerals for Tomen Australia

1990 – appointed GM, Coal and Iron Ore Department Tokyo of Tomen Corp

1995 – returned to Australia as MD, Tomen Australia

2006 – MBA, Bond University

Currently – manages private real estate company in Tokyo, Greenhousing Corp and runs his own consulting company in Tokyo

DIRECTOR RON McCULLOUGH

Born in WA and graduated as a civil engineer

First in Alcoa in bauxite mining and then with Western Collieries Ltd in coal mining

1982 – appointed GM of GPP

With the sale of GPP’s coal mining assets, Ron focused on development & management of silica sand operation for Japanese corporations and general consulting

Director of Oakbridge Ltd – one of the largest coal mining companies in NSW operating both underground and open-cut coal mines

Director of Astron Ltd

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ASX: GPP

Alan Flavelle (Chairman)

Level 19, 2 Market StreetSydney, NSW 2000

m. 0438599252