Ann: June 2018 Annual Report, page-2

Outline of Stuart Nicholls MD report:


During the campaign Strike gathered and collected abundant confirmatory and valuable subsurface data.

Some of the major data samples included pressure cores of the Patchawarra coal seams which showed:

* results of gas contents as expected,
* microseismic and tiltmeter information which confirmed volumes of stimulated rock and drainage areas of over 140 acres
* and deployment of around 1 million pounds of proppant into the formation.

Through the refinement of the reservoir models of the SCBGP coals and the Jaws-1 production system, Strike is confident that the two in combination should meet the project’s primary objective of producing gas at commercial thresholds in order to book a reserve.