Ann: General Meeting Presentation, page-14

Page 6 should clear up the misunderstanding associated with the WE-1 well, and where its TD was relative to the Basal Wagina in WE-2.

A great preso. You can really feel the confidence building in the whole basin play.

* Significant conventional gas discovery in secondary target, Wagina sandstone
* Strike geological model showing relationship between high-amplitude and hydrocarbon filled porosity is proving accurate
* Effective Permian reservoir found at depth
* Discovery has good reservoir development, is significantly over-pressured and is well defined on 3D seismic. Bright amplitudes corresponding to gas charged reservoir
* Seismic suggests even better section of the basal Wagina fan to the south of WE-2
* The pre-drill estimates for the Wagina conventional gas discovery remain an accurate reflection of the range of possible outcomes
* West Erregulla appears more over-pressured than other equivalent Wagina penetrations in the greater Beharra Springs area and required an increase in mud weight in excess of 10ppg to manage gas influx
* West Erregulla is on the cusp of unlocking a huge conventional gas fairway|
* Strike’s Perth Basin position may provide the foundation for the creation of a new mid-cap natural gas production company