Ann: Exceptional Production Test at Erregulla Deep-1, page-2

Exceptional Production Test at Erregulla Deep-1 • Exceptional production testing results of the Kingia Sandstone gas discovery at Erregulla Deep-1, with strong flow rates and one of the highest flowing pressures ever measured in the basin. • ED-1 stabilised rates of 53 mmscfd were recorded with a very high flowing well head pressure of 5,515 psi on a 46/64” choke. Flow rates were limited by surface equipment with well head pressures indicating the potential to stably flow at substantially higher rates and an absolute open flow of 400-450 mmscfd. • Production testing and logging has confirmed ED-1 has: o extremely high reservoir and flowing pressures, o high degrees of permeability, o no sand and no formation water production; and o lower CO2 and other impurities compared to the West Erregulla gas field. Strike Energy Limited (Strike - ASX: STX) as operator of the EP469/L25 Joint Venture, which includes the West Erregulla gas field, is pleased to announce that it has completed the flow testing program at the Erregulla Deep-1 (ED-1) discovery well in EP469 with excellent results. ED-1, which is the deepest well ever drilled onshore Australia, flow tested the Kingia gas discovery individually and the High Cliff

Strike’s Managing Director & Chief Executive Office, Stuart Nicholls said: “ED-1 has performed exceptionally whilst on test over the last 3-weeks. The test has confirmed that ED-1 is one of the best wells ever drilled in the Perth Basin with extremely high deliverability and low impurity. The well result has significant positive impacts on the West Erregulla field development and the neighbouring prospectivity where Strike has a major 100% owned tenement position.”