50c! Re-rate coming!, page-70

The Eneabba Deep 2D Seismic Acquisition Survey has been lodged:

https://ace.dmp.wa.gov.au/ACE/Public/PetroleumProposals

Strike North West Pty Ltd is proposing to undertake a two-dimensional (2D) seismic acquisition survey
in the Shires of Carnamah and Coorow, in the Midwest region of Western Australia (WA) within
petroleum exploration permits EP 320 R5, EP 495, EP 506, production licence L4 R1, and pipeline
licences PL 1 R1 and PL 40 (Eneabba Deep 2D; the Project).

The Project comprises 135.05 Lkm of seismic lines to be undertaken within an area of approximately
106.57 ha within the North Perth Basin (the Project Area). The Project Area is in proximity to Eneabba
and approximately 224 km north of Perth at its closest point.

The Project is proposed to be undertaken over a total activity period of five weeks, including
mobilisation and demobilisation. No clearing of remnant native vegetation is required to facilitate
the Project as all activities will take place within previously cleared areas(i.e., cleared agricultural land,
sealed and unsealed roads, access tracks and firebreaks).

The objective of the Project is to gain a better understanding of the hydrocarbon prospectivity of the
Permian rocks found within the Perth Basin, similar to the recent West Erregulla and Beharra Springs
Deep discoveries.

The Project has been designed to improve the sub-surface imaging of the reservoir sandstones of
Wagina, Kingia and High Cliff formations. Current legacy 2D in the area is sparse and of poor quality.
This new 2D seismic imaging will substantially improve the understanding of the geology and structure
of the Eneabba Deep lead.

The Project involves only the completion of a 2D seismic acquisition survey only. It does not include
any drilling, hydraulic fracturing, or extraction activities.