Ann: CEO Transition and Strategic Review, page-314

Elliot. I must take issue with your starement "Gina knows she can do to Us, what we did to WGO, bleed them out slowly."

What can she do to Us. As far as I can ascertain the only thing she can do is to keep stalling WE. My response is so what? Let her
keep stalling on get on with proving up Ocean Hill (OH). We know from the fast track OH 3D that Strike has found the reason why OH-1
didn't flow commercially (quarterly report 25th July 2024) Strike now has the final OH 3D so are in the postion to select the OH-2 drill site
which will have a very high chance of success. With success, they just need to duplicate the Walyering processing plant, and, depending on how quickly the can get a drill, they could be producing from Walyering be the end of this year. Funding should not be a problem, it could probably all be paid for with the enhanced income from Waylering (when the pipeline interconnector is installed)

What about WE. WE know from what Stu has told us that Strike and AGIG are in agreement for an FID on a processing plant which will be
paid for by AGIG. I interpret this as implying that it is Gina doing the stalling. By mid year Strike will have an independent assessement of
the ED 2P plus an upgrade of the WE 2P (becuse of a lowering of the WE GWC) which the new ED 3D should (hopefully) prove.

If Strikes 50% share of WE plus ED gas is sufficient to warrant a gas processing processing plant then I see no reason why Strike shouldn't
grab their share and, with a final "see you Gina" run.