Ann: West Erregulla Update, page-79

Some further points from the presentation:

Walyering:

• cashflows from sales impending towards end of the year
• it costs $14.2m ($7.4m Strikes share) to bring these two wells online
• facilities capable to produce 33 mmcfd, which equals 37 TJ/d (given the high quality of the gas)
• 1,400 bbls storage facilities, looking to produce 200 to 400 bbls/d of high value condensate
• will be sold superior to brent pricing
• FID together with Talon in the coming weeks

South Erregulla/West Erregulla

• Development decision of the WE gas field towards eoy
• WE3: the 38m of very high-quality net pay likely will have a positive impact to the reserve position across the field
• WE coming online towards the later of 2024
• Project Haber: Strikes multi-billion-dollar upside opportunity; development is a national imperative
• 300-600 PJ's of South Erregulla gas required to secure up to 20 years of urea production
• flow rate of a maximum of 80 mmcfd tested in SE-1 in the Kingia is in excess of the amount of gas to be consumed by the plant on a daily basis
• Wagina flow test in August

Re