Ann: West Erregulla Update, page-2

WE5 at 4,895m having passed through the primary target in the Kingia

Sandstone and is drilling ahead to the High Cliff Sandstone.

• Gas shows and drilling breaks observed throughout the Kingia Sandstone.

Strike Energy Limited (Strike - ASX: STX) provides an update on the West Erregulla 5 well on

behalf of the EP469 Joint Venture.

Current Operations

Since the last update, Strike has continued drilling operations with WE5 currently drilling ahead

at a measured depth of 4,895m, having passed through the primary reservoir in the

Kingia Sandstone which was encountered at 4,771m. The Kingia was observed to be high-

quality with significant gas shows, high background gas and associated drilling breaks.

The LWD data corroborates the drilling observations and final resource and reservoir

characteristics will be collected via wireline logging at completion of the drilling