Ann: Southern Cooper Basin Contingent Resource, page-3

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• Multi-Tcf Southern Cooper Basin Gas Project accelerates towards commercialisation
• First contingent gas resource (gross 1C = 105 Bcf, 2C = 155 Bcf, 3C = 225 Bcf) independently certified and pathway to reserve certification now established \
* Low cost resource underpinned by existing gas sales agreements

Orica Share Option Agreement
The announcement of the results of this Independent Review entitle Orica to exercise its Option (as approved by Shareholders at a General Meeting of the Company on 28 May 2014) to subscribe for new shares in the Company for a payment of $2.5million. The number of new shares to be issued by the Company is to be no more 20,833,333 shares and will be determined with reference to a price that is the higher of a 10% discount to the 10 day VWAP prior to the exercise date or 12 cents per share. If Orica does not exercise this Option within 30 days, the Option will lapse.
Gas Sales Agreements
The positive outcome of the Independent Review triggers the mechanism for the final tranche of Orora’s gas prepayment under their 45PJ Gas Sales Agreement and marks the commencement of a 30 day period for Orica to elect to make the first gas prepayment under their 250PJ Gas Sales Agreement.

MANAGING DIRECTORS COMMENT
"Strike is delighted that leading international petroleum industry consulting firm DeGolyer and MacNaughton has confirmed that the results of our first appraisal wells in PEL 96 have defined a significant contingent gas resource. This achievement represents an important milestone for the project and defines a clear pathway towards building a substantial reserve base.
The review confirms that the project is already very close to being economic and our testing program over coming months specifically targets the final results required to prove commerciality and achieve reserve certification.
The Southern Cooper Basin Gas Project is one of the few projects actively moving forward with the potential to supply substantial quantities of competitively priced gas to Eastern Australian gas markets."