Kupe KS-9 Commissioning Update

MARKET RELEASE

Date: 5 April 2024

NZX: GNE / ASX: GNE
Kupe KS-9 Commissioning Update

Genesis Energy advises that well commissioning activities at Kupe remain ongoing and are expected
to continue through April. These activities include a wireline intervention campaign to seek to
diagnose and remediate lower than expected daily production levels.

Through the commissioning period, daily production levels from Kupe are expected to be
approximately consistent with current production levels of 47TJ/day. The long term impact of the well
on overall daily production levels from Kupe will not be known until all existing commissioning
activities are concluded and data analysis has been completed.

As previously stated, reserves assessments are underway, with conclusions of a full review expected
in June 2024.


ENDS


For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548

For media enquiries, please contact:
Chris Mirams
GM Communications and Media
M: 027 246 1221


About Genesis
Genesis (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity, reticulated
natural gas and LPG through its retail brands of Genesis and Frank and is one of New Zealand’s largest energy
retailers with more than 470,000 customers. The Company generates electricity from a diverse portfolio of
thermal and renewable generation assets located in different parts of the country. Genesis also has a 46%
interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand.
Genesis had revenue of $NZ2.4 billion during the 12 months ended 30 June 2023. More information can be
found at www.genesisenergy.co.nz