Ann: Response to ASX Aware Query, page-232

Hello merrigal1845,

thx for your post and welcome to Strike. I don't want to unsettle anyone and hope my post is not perceived as completely negative about the future of Strike.

I decided to sell when the SE2 test was also negative. I did not expect this despite SE3, as I expected the bottom of the SE2 pay zone to be about 20m above the top of the SE3 pay zone and therefore did not expect another negative result.

For me, this was proof of how little the actual structure of the Kingia in South Erregulla has been understood.

Strike has excellent exploration licenses and will now learn its lessons. Walyering is a key asset and I expect success at W7. The other prospects and leads in the Jurassic play are also very promising in my view. However, Strike now needs much more time than expected and that is the main reason why I sold.

Strike was never traded at fair value. Unfortunately, the current short selling is not helping either. I have therefore made this very personal decision. But I wanted to explain this here, as I have posted here for many years...