General Discussion, page-3491

Taking a snapshot of progress by company since Jill presented at the Euroz Hartleys Conference on 11 March 25 where company provided a summary of the scope of the Strategic Review:
1. WALYERING - review extension of reserves and production
2. SOUTH ERREGULLA - review options to expand fully integrated gas peaking power plant
3. WEST ERREGULLA & ERREGULLA DEEP - review development options to identify most value accretive pathway
4. OCEAN HILL - review optimal pathway to exploit and fund exploration program
5. ARRINO KADATHINNI - review optimal pathway to exploit and fund exploration program
6. FUNDING - review options to optimise funding for Strategic Review outcomes
Impressive lineup of reviews & assets and plenty to do.
31 March - Finance Facility Executed ($217M finance package with MAC) - BIG tick this from MAC
31 March - South Erregulla Breaks Ground (earthworks have begun)
10 April - Director Neville Power acquires 3M shares on market @ 16.2C
28 April - In Q3 Qtly Report Natta 3D seismic acquisition completed over Erregulla Deep & northern extent of West Erregulla.
Strategic Review on track and I found these paragraphs most interesting from the report:
"Strike along with Hancock Energy, as the L25/EP469 JV, are committed to developing West Erregulla to meet expected market demand. In line with this, and as part of the Strategic Review, Strike is assessing a range of midstream development pathways to optimise its share of the West Erregulla and Erregulla Deep resource"
"The next phase of the Board-led internal strategic review will concentrate on the optimum pathways to unlock the full potential of our asset base, with particular focus on the optionality provided by the advantageous location of our assets within the primary electricity grid of WA. This positioning presents a range of opportunities across infrastructure, market access and future development pathways."
6 May - Chief Financial Officer & Company Secretary transition, Mr Justin Ferravant steps out & Mr Tim Cooper steps in
7 May - Exploration Update:
Strike have completed mapping & interpretation of the OH 3D seismic survey & mapping & interpretation of the Kadathinni 2D seismic
Both reporting very positive!
4 June - MD & CEO Appointed Mr Peter stokes (just 2 weeks ago)

My opinion hasn't changed, and I continue to believe that the results of the Strategic Review will be all important and relevant in moving company forward and out of the current conundrum we are presently in, and I also are of the opinion that the waiting is a positive as if it was all done and dusted why unnecessarily attract attention by delaying, for me there is likely a bit more detail required and that probably has to do with WE/ED resource.
Strike is in a unique situation and position in the PB and for it/us to prosper we need expert guidance and consultations as we navigate the direction.
Enough from me just wanted to reinforce amongst all the doom & gloom that all is definitely not being lost.
Stand firm is my call!
GLAH