STRIKE ENERGY LIMITED — AGM Information 2007

Nov 18, 2007

ASX Announcement ASX Code: STX

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The Company Announcement Officer Australian Stock Exchange Ltd via electronic lodgement

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19 November 2007
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Strike Oil Limited ABN 59 078 012 745

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Our Strengths
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• Producer/Explorer with strong cash flow

• Track record of discoveries

Please find attached:

1. Chairman’s Address

2. Geographically diverse portfolio

3. AGM Presentation (including Hybrid Energy SA presentation)

4. Highly experienced team

to be presented at the Annual General Meeting to be held at 2.00 pm today.

• Strong experienced partners

Yours faithfully

• Innovative approach to E&P

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SIMON ASHTON Managing Director - Strike Oil Limited

Further information:

Strike Oil Limited

Simon Ashton - Managing Director T: 08 6464 0400

E: strike@strikeoil.com.au

Strike Oil Limited Level 9, Wesfarmers House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strikeoil.com.au

Strike Oil Chairman’s Address November 2007 AGM

Welcome to the 2007 AGM.

Today, some three and half years since listing, Strike Oil is at an important stage in its development. We believe the company is well positioned in both the United States and Australia to realise strong value growth for its shareholders.

In particular -

• the past financial year has seen the Company strongly increase production and generated revenues of more than $8.6 million from its Mesquite operations in the US;

• a significant discovery in the Rayburn Project in Texas has created the opportunity to generate significant cash flows to take the company to a new level;

• although difficulties have been encountered in progressing its Australian assets, the company is pursuing innovative strategies to develop its extensive portfolio of permits in the Carnarvon Basin and realise value from a number of key projects in the near future;

• the demerger of Hybrid Energy S A Pty Ltd from Strike Oil Limited will provide shareholders with an opportunity to be involved in an exciting energy development in South Australia.

I trust from my observations in this address and the presentations of Simon Ashton, the Managing Director of Strike Oil, and Barry Ford, Managing Director of Hybrid Energy, that we will give you enough information to support our view.

I propose to review our principal activities in turn with a view to giving you the board’s perspective on the potential to create shareholder value.

Gulf Coast Texas

Let me start with our production and exploration activities in the Gulf Coast Texas where we are in joint venture with Cypress E&P Corporation as Operator. Our exploration here has been principally gas focused in what, by Australian standards, are deep and tight reservoirs in on shore Texas. We have meaningful working interests in the various leases ranging from approx 22% to 26%. As at 31 October 2007, we have generated a total of A$14.1 million since production commenced from sales of oil and gas primarily at the Mesquite field.

The JV’s principal exploration focus has been on larger gas accumulations at greater depth, primarily in the highly prospective Wilcox formation. The JV has drilled a total of four deeper wells at a cost to Strike Oil of A$9.5 million. Of these deeper wells, three have encountered hydrocarbons and two are

judged to be commercial. An overall success rate of 50% has therefore been achieved.

Gas prices in the United States are expected to remain strong and the extensive gas infrastructure enables any discovery to be put into production quickly – generally within weeks compared to much longer lead times in Australia. We continue to have confidence in Cypress as the operator for the JV. The downside is that each deep well is expensive – A$5 to10 million on a 100% dry-hole basis with a further A$2 to 3 million to test and complete. The anticipated returns on success therefore need to be substantial to create a satisfactory risk/reward equation. We believe they are. For example we expect the Rayburn field, where we are testing the Duncan 1 well and drilling the Duncan 2 development well, to be commercial. At the flow rates suggested from log results we anticipate individual wells could have a payback period of four to six months. With the potential for a larger structure to exist this geological and financial performance could be repeated many times over. Strike Oil is targeting sales revenues in excess of $2 million per month by mid-2008 from our US Gulf Coast operations.

Our immediate priority is to get our US activities to be self funding. Our present expectation is that this is within reach with the recent A$10 million equity injection via the Entitlement Issue, increased sales revenues and the planned establishment of a debt facility to assist the funding of development wells.

In summary therefore we have confidence that our Gulf Coast exploration and development program is soundly based and is poised to create significant value for shareholders. Simon Ashton will further describe the extent of the value in his presentation.

Rocky Mountains

I turn now to our exploration activities in the Rocky Mountains in the United States where we are in a Joint Venture with Comet Ridge as Operator. Here we are in several joint ventures and have working interests ranging from 33% to 39%. To date we have drilled two wells on the Tow Creek/Bear River project area in Colorado in search of oil in a fractured shale reservoir. The results of drilling to date have been disappointing and expensive but tantalising. Oil was encountered on both wells. The Bear River well proved to be in tight reservoir and oil would not flow in commercial quantities. At the Tow Creek location oil shows were encountered and the reservoir characteristics appeared more conducive to commercial flows. However, operational issues primarily related to drilling rig equipment, has meant that we have been unable to test the well. Having expended approximately A$6.0 million (Strike Oil share) on the Tow Creek/Bear River project area we are looking at opportunities to progress the project through farming down to bring in a partner to drill further wells. Our project interest will be reduced but so importantly will be our risk and our future expenditure.

At the Florence project area, also in Colorado, the Operator has completed an 8 sq mile 3D seismic survey and is proposing to drill three wells in early 2008 - these drill locations are yet to be approved. These wells are shallower than the Tow Creek wells (generally 4000 ft vs 6600 ft) and will be less expensive. Each well is expected to cost approximately A$0.5 million to drill. Even so the Joint Venture is examining ways to mitigate our operation risks. Each well will target oil accumulations of approximately 200,000 barrels. With current oil prices this represents revenue in excess of A$20 million per well on a 100% basis. Importantly these wells will benefit from being located using 3D seismic which we expect will enhance the potential for success – this was not available on the Tow Creek/Bear River Project. Multiple well locations can be expected if the Joint Venture is successful with initial drilling. Success here will lead to early cash flow from the project.

Carnarvon Basin

In the Carnarvon Basin, the company has experienced difficulties in exploiting its extensive acreage. In late 2005, 790 km of new 2D seismic was undertaken with subsequent interpretation highlighting a number of exciting prospects and leads. The high oil price environment has, however, created a very tight market for drilling rigs and services with well costs escalating more than threefold over the last three years.

In response the Company has developed various initiatives associated with cost effective techniques for the drilling of shallow water wells which have the potential to increase activity in its Carnarvon Basin acreage and to provide the company with substantial commercial advantages in the long term. The company expects to make a decision on these initiatives in the next 3 to 6 months after reviewing the business plan and financing considerations.

The Company has also recently submitted to the Department of Defence a proposal to supply gas from the Rivoli Gas Field for a period of 20 years. The proposal, if accepted, will result in gas from the Rivoli Gas Field being delivered by pipeline to the naval base at Exmouth in replacement of its current diesel fuel supply.

Strike Oil expects to generate an appropriate return from the project and to position itself to supply other markets in the area. The project will be a building block that enables the Company to pursue a broader exploration and production program in the area. Importantly a successful development at Rivoli will also build in-house capability.

Cooper Basin

In the Cooper Basin the Company participated in the Kewarra 1 well with Beach Petroleum as the Operator. The well discovered non-commercial oil in the target interval. Further drilling is planned for early next year (possibly in February) in this very prospective south west Queensland permit.

Hybrid Energy SA Pty Ltd

During this past year considerable progress has been made by the company in developing its FuturGas Project based around a large lignite (brown coal) deposit in the southeast of South Australia. A scoping study has been completed which has demonstrated that a state of the art low emissions coal fired electricity generator could be viable using these coals.

A JORC compliant resource of 578million tonnes of coal has been established. It is proposed to undertake a feasibility study over the next two years to confirm the application of the latest combustion, gasification and carbon capture and storage (including geo-sequestration) technologies to produce low greenhouse emissions power and potentially other products in a sustainable manner.

Initially, it is proposed to deliver 150 to 300 MW of base load electrical power to the South Australian market by 2015. The plant, even without carbon capture, will produce atmospheric emissions considerably lower than South Australia’s existing coal fired generation and likely lower than some existing gas fired generation in that state.

The FuturGas project has the potential to be a major South Australian project providing further security and diversity to the state’s energy supply and creating development opportunities in the southeast of South Australia.

On 17 October we announced that we had established a wholly owned subsidiary, Hybrid Energy, to manage the project and that we had appointed a very experienced energy executive Mr Barry Ford as Managing Director.

Barry will provide shareholders with a short presentation following the presentation by Simon Ashton.

Our plan is to complete the separation of the two companies in the first half of next year via an in-specie distribution of Hybrid Energy shares to Strike Oil shareholders and to secure a separate listing (including capital raising ) for Hybrid Energy on the ASX.

We see Hybrid as an exciting opportunity to create value for shareholders. The project has real substance and comparable peer companies are valued in excess of A$40 million. Unfortunately no such value appears to be factored into the share price of Strike Oil.

Our plan is to offer the opportunity to Strike Oil shareholders to participate in a meaningful way in the development of Hybrid Energy’s FuturGas Project. Further details can be expected in the coming months.

The principal focus of the Strike Oil board and management is to create value for shareholders. We all know that upstream energy activities carry risk. The

board and management’s task is to mitigate these risks and ensure that returns on success are appropriate. I trust this address and the following presentations will give you a good sense of how we are endeavouring to go about that task.

Any company can only be as good as its people. Our management and staff have great enthusiasm for Strike Oil and I thank them for their loyalty and efforts. This comes at a time when opportunities are plentiful and salaries are high. One of the ways that Strike Oil is able to differentiate itself from many other companies is to expose staff to equity returns in a meaningful way. This is a key part of our ability to attract and retain staff.

I therefore commend to shareholders the later motions at this meeting to approve the Employee Option plan and the recommended grant of options to staff.

I also thank my fellow board members for their energy and support throughout the past year.

I also take this opportunity to thank you the shareholders for your loyalty and support in all its forms over the past year.

I would like nothing more than to see your support tangibly rewarded in the coming year.

ANNUAL GENERAL MEETING

ACTIVITIES UPDATE

Perth, Western Australia

19 November 2007

Part 1 – Strike Oil Limited

Presenter – Managing Director, Simon Ashton

Part 2 – Hybrid Energy SA Pty Ltd Presenter – Managing Director, Barry Ford

Part 1 – Strike Oil Limited

Presenter – Managing Director, Simon Ashton

• PRODUCTION 06/07 (to Strike Oil’s interest)

GAS 0.79 Bcf (UP 136%)

OIL 15,870 BARRELS (UP 146%)

• REVENUES 06/07 (to Strike Oil’s interest)

$8.6 MILLION (UP 140%)

• RAYBURN, A MAJOR NEW GAS DISCOVERY (DUNCAN 1), TEXAS

• HYBRID ENERGY SA “FuturGas PROJECT” SOUTH AUSTRALIA, SCOPING STUDY COMPLETED (LOW EMISSION POWER/GASIFICATION)

CONTINUING TO GROW THE COMPANY

TO ADD VALUE AND GET VALUE INTO THE SHARE PRICE

• Strike Oil has a large bank of projects

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•
Many projects at critical value add stages over next few months
Shares on issue 327.16 million
Share Price over Trade Volume
1 July 2006 to 31 October 2007
Options on issue 23.9 million
6,000,000 0.35 Share price $0.25
0.30
5,000,000 (13 November 07)
0.25
4,000,000
Market cap. $81.8 million
0.20
3,000,000 ~
0.15 Shareholders 3 ,000
2,000,000
0.10
1,000,000 0.05 Cash and Liquid $13 million
0 0.00 Investments
(end October 07)
No Debt
Trade Volume Average Share Price Enterprise Value $68.8 million
31-Jul-0631-Aug-0630-Sep-0631-Oct-0630-Nov-0631-Dec-0631-Jan-0728-Feb-0726-Mar-0730-Apr-0731-May-0730-Jun-0731-Jul-0731-Aug-0730-Sep-0731-Oct-07
No. of Shares Share Price ($)
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SIGNIFICANT SHARE PRICE LEVERAGE

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UNITED STATES
Rocky
Mountains
Carnarvon
Basin
Gulf Coast
Cooper
Basin
FuturGas
AUSTRALIA
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MULTIPLE PLAYS IN MAJOR OIL AND GAS PRODUCING REGIONS

• Two commercial discoveries from three deep Wilcox wells

• Mesquite - Gas discovery

• Flint - Non commercial gas discovery

• Rayburn - Gas discovery

• Current production 5.5MMcf and 60 bbl oil per day (Gross).

• Active ongoing exploration and development.

Production forecast to grow rapidly as Rayburn brought into production.

RAYBURN DISCOVERY OFFERS SIGNIFICANT POTENTIAL

RAYBURN PROJECT (WI 22.8%, NRI ~16 to 17%)

• Potential for multiples of 100’s Bcf

• Very large structure confirmed with Duncan 1 and supported by 3-D seismic interpretation (~10,000 acres under lease)

• Multiple gas pay horizons between 11,500-16,000 feet (Wilcox Formation)

• Middle Wilcox ~12,000 feet - “higher quality” pay intervals; development underway

• Lower Wilcox ~15,500 feet; “lower quality” pay intervals

• In adjacent on trend fields well flow rates are commonly >10 MMcfd

PROGRESSIVE CONFIRMATION WITH ONGOING DRILLING

• Duncan 1 well (16,500 feet)

– Deeper lower quality pay interval (Lower Wilcox) tested at 0.5 million cubic feet per day.

– Shallower higher quality pay interval (Middle Wilcox) yet to be tested

• Duncan 2 well (12,200 feet)

• Sidetrack drilling

Duncan location facilities

• Ongoing development drilling

• anticipated

PRODUCTION START-UP DECEMBER 2007 / JANUARY 2008

Individual Well, Completion and Testing Costs	Individual Well, Completion and Testing Costs	Target Gas Volumes per Well	Gross Value @ US$7/Mcf
Middle Wilcox Well (~12,000 feet)	US$6 million	3 - 5 Bcf	US$21 - 35 million
Lower Wilcox Well (~16,000 feet)	US$12 million	5 - 10 Bcf	US$35 - 70 million

EXCELLENT POTENTIAL RETURN ON SUCCESSFUL WELLS

Gross Gas	Bcf	100	100	200	300	400	500
Net Gas (Strike Oil)	Bcf	17		34	51	68	85
Potential Value Net to Strike Oil at NPV, AUD$5/Mcf	$ Millions		85	170	255	340	425
Potential Value Per Strike Oil Share	Cents		+26	+52	+78	+104	+130

SIGNIFICANT LEVERAGE TO CURRENT SHARE PRICE OF 25 CENTS

• Six development and exploration wells planned in next 12 months

• US$15 million program (Strike Oil share)

• Revenues forecast to grow from $8.6 million to >$20 million next year (08/09) (based on Mesquite and successful Rayburn development)

• Wells to be prioritised over the following:-

Name	Well Type	Gross Upside Potential	Strike Interest
Rayburn	Appraisal/Development	500 Bcf	22.8%
Canyon	Exploration	20 Bcf	25%
Rodeo	Exploration	240 Bcf	25%
Flint	Exploration/Appraisal	40 Bcf	25%

• All opportunities based on 3-D seismic calibrated to producing wells

PIPELINE OF MAJOR GROWTH OPPORTUNITIES

Florence Project (WI 39%)

• 3D seismic acquired and interpreted

• Excellent results, many targets

• Drilling planned for Q1 2008

• Gross potential 200,000 barrels per well

Tow Creek/Bear River Projects (WI 33 to 37%)

• Operational drilling challenges resulted in poor results

• Technically very attractive projects

• Farmout discussions underway

MODERN 3-D SEISMIC APPLIED TO OLD OIL FIELDS

	POSITION • Large “shallow water” acreage p – Oil prone area – Renewed attention to gas prospects (high gas prices) • Securing a shallow water, cost efficient, drilling rig for multi well program KEY PROSPECTS	POSITION • Large “shallow water” acreage p – Oil prone area – Renewed attention to gas prospects (high gas prices) • Securing a shallow water, cost efficient, drilling rig for multi well program KEY PROSPECTS	POSITION • Large “shallow water” acreage p – Oil prone area – Renewed attention to gas prospects (high gas prices) • Securing a shallow water, cost efficient, drilling rig for multi well program KEY PROSPECTS	POSITION • Large “shallow water” acreage p – Oil prone area – Renewed attention to gas prospects (high gas prices) • Securing a shallow water, cost efficient, drilling rig for multi well program KEY PROSPECTS
			Gross Target Size	Working Interest
	Baniyas	Exploration	60 MMbbl/100 Bcf	40%
	North Santo-Grond	Exploration	5-100 MMbbl	100%
	Sharp Peak	Exploration	90 MMbbl	90%

• Large “shallow water” acreage position

• Securing a shallow water, cost efficient, drilling rig for multi well program

APPLYING NEW TECHNOLOGY TO EXTENSIVE ACREAGE

• Strike Oil 44.5% (Operator)

• FEED study completed and evaluation continues in agreement with Commonwealth Government Dept of Defence

• Supply gas to remote power project (8PJ’s over 20 years)

• Seed project and infrastructure for:

• Expansion through further gas contracts

• Evaluation of nearby oil and gas opportunities

BUILDING BLOCK IN BROADER CARNARVON BASIN STRATEGY

ATP 633-P (WI 15%) (SW Queensland)

• 3D and 2D seismic interpretation ongoing

• Kewarra 1, non-commercial oil discovery (06/07 year)

Next well planned for early 2008 (likely on the large Phi structure with 10 million barrel oil potential)

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•
Secure a suitable shallow Ongoing oil evaluation at Tow
water drilling solution Creek, Bear River and Florence
•
Rivoli Gasfield Operator - Comet Ridge
UNITED STATES
Development Approval
Operator - Strike Oil
Rocky
Mountains
Gulf Coast
Carnarvon Cooper
Basin Basin
AUSTRALIA
FuturGas
Ongoing development,
exploration drilling and
•
De-merge Hybrid Energy SA and
Test the Phi oil prospect prospect generation
commence project feasibility
ATP-633P
Operator - Cypress E&P
Operator - Hybrid Energy SA Operator - Beach Pet.
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• Geosequestration JV (Strike/Hybrid)

Operator - Strike Oil

ACTIVE PROGRAM IN ALL AREAS

Exploration Appraisal Development Production

USA Gulf Coast Flint Rayburn Rodeo Others	USA Mesquite Rayburn Tow Creek Bear River Florence	USA Mesquite Rayburn	USA Mesquite
AUSTRALIA Cooper Basin Phi Others Carnarvon Basin Baniyas Others	AUSTRALIA Rivoli Leatherback FuturGas	AUSTRALIA Rivoli (FEED)	AUSTRALIA

SEVERAL PROJECTS MOVING TO PRODUCTION

ONGOING PROGRAM TO BE FUNDED BY:-

• CASH FLOW

• DEBT

• RECENT EQUITY RAISING ($10 MILLION ENTITLEMENT ISSUE)

• SELECTED FARMOUTS

• DEMERGER AND PUBLIC LISTING OF HYBRID ENERGY SA

INCREASING CASH FLOW PROVIDES FUNDING FLEXIBILITY

• GROWING CASH FLOW

• SEVERAL PROJECTS ON THE VERGE OF VALUE ADD

• Rayburn Development

• Hybrid Energy Establishment

• Rivoli Development

• Florence Drilling

• Cooper Basin Drilling

• Carnarvon Basin Drilling Solution

• PROVEN AND CONTINUING TRACK RECORD OF DISCOVERY

• GEOGRAPHICALLY DIVERSE PORTFOLIO OF ACTIVE PROJECTS

• EXPERIENCED TEAM AND EXPERIENCED PARTNERS

CONTINUING TO DELIVER RESULTS

Part 2 – Hybrid Energy SA Pty Ltd

Presenter – Managing Director, Barry Ford

19 November 2007

“FuturGas” Project

A unique energy and power opportunity for South Australia

presentation by Barry Ford Managing Director Hybrid Energy SA Pty Ltd 19 November 2007

Hybrid Energy

100% subsidiary of Strike Oil Limited

Holds 100 % interest in petroleum exploration and minerals exploration licenses in the North Otway basin near Kingston, South Australia.

Coal resource is JORC compliant (578 million tonnes) with 3-4 trillion cubic feet of gas potential on conversion

First project step 150-300 MW power project by 2015 appears commercially viable

Carbon capture storage opportunity

Additional coal to gas, methanol and ammonia project potential

commercially viable low emissions power

The FuturGas Project is

A business with control of the full value chain from resource to market

A unique opportunity to develop an environmentally responsible generation initiative based on commercially proven technology

Providing a path to zero emissions through the development of carbon capture and storage

Positioned in the new growth area of low emissions coal generation to address the reduction of greenhouse gases

Capable of further growth through coal gasification and production of value add products

addressing climate change through responsible use of lignite

Close proximity to major energy and transportation infrastructure

• SA/VIC 275kV transmission lines

• SEAGas natural gas pipeline

• Rail lines

• Port facilities

Interconnection to National Electricity Market with access to growing South Australian electricity load

Located near potential geosequestration sites in local geological structures

regional infrastructure already in place

• JORC compliant resource (578 million tonnes) with 3-4 trillion cubic feet of gas potential on conversion

• Comprehensively mapped and explored in the 1980’s

• Ownership of vast geological mapping and data sets based on 550 bore holes

Property	Kingston Coal	Gippsland
Volatile Content (%)	46.9	50.1
Moisture (%)	53.3	60.6
CV (dry basis MJ/kg)	22.7	26.4
Ash (dry basis %)	14.9	2.1
Sulphur (dry basis %)	2.9	1.1
Sodium (dry basis %)	0.85	0.12

a proven JORC compliant resource

Readily accessible lignite

Seam 8-12 meters in thickness 40-60 meters below surface

Mining rate of 2 - 2.5 million tonnes per annum for 300 MW plant

Small footprint mining

Driven by environmental aspects of native vegetation, water and landscape Pits are reclaimed on an ongoing basis Truck and shovel mining contemplated Potential to enhance wetlands and drainage

small footprint mining to address environmental aspects

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5 – 7 Years
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Product Flexibility and Evolution

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8 - 10
Years
>10 Years
transition to sustainable energy future
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Immediate emissions benefits

Proven low emissions Circulating Fluid Bed Combustion (CFBC) technology 35% lower CO2 emissions than current conventional SA coal generation

supports SA targets for reducing greenhouse emissions

Ongoing pathway to zero emissions Gasification of lignite Pre and post carbon capture development JV with Strike Oil to investigate geosequestration in Otway Basin

an environmentally responsible project

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PATHWAY TO ZERO EMISSIONS
Typical Victorian brown
coal pf steam turbine FuturGas Project
1.2
(Playford)
Coal (Pf Steam Turbine)
(Northern)
1.0
Typical back coal Introduction of low emissions CFBC Technology
PF steam turbine
Emissions
Tonne CO2/MW (Dry Creek) 1
Confirmation of CCS technology
Gas (OCGT)
(Torrens Island)
0.5
2
Full CCS implementation
Gas (CCGT)
(Pelican Point)
Introduction of CFB
3
Gasification Technology 4
0
2007 2010 2015 2020 2025
immediate 35% reduction in CO /MW from current SA coal
2
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Electricity Demand Rising Potential expansion of Olympic Dam from 150 to 600MW Pipeline of new resource developments Steady regional industrial growth

Natural Gas (World parity pricing?) Cooper Basin supplies reducing Uncertainty in supply from Victoria (price? volume?) Qld coal seam methane (price? volume?)

Depleting Leigh Creek Coal Increasing mining costs Fueling dated high emission combustion technology

requirement for reliable State energy supply

Key Milestones

Board and Management Initial Public Offering Combustion Feasibility Studies Complete Project Decision to Proceed First Electricity Sales

December 2007 March 2008 February 2010 March 2010 2013 – 2015

Initial Public Offering (IPO)

Demerger of Hybrid Energy In specie distribution of shares to Strike Oil shareholders Fundraising of approx $20M

steps to increasing value

Key Technical Studies Completed Clean Coal Technology Carbon Capture and Storage Lignite Mining Ground Water Management

Initial power generation phase evaluated and appears commercial

Feasibility Program commencing in 2008 Process Engineering Mining Environmental Impact and Water Management

Relationship with University of Adelaide Combustion and gasification development program

prepared for feasibility program

• Key management and project team being established in Adelaide

• Demerge Hybrid Energy from Strike Oil

• Comprehensive technical Feasibility Study due to commence April 2008 – with a key focus on identifying environmental preservation initiatives and leadingedge water management solutions

• Pro-active regular and ongoing stakeholder liaison to identify and document full range of key local concerns, for Feasibility Study attention

• Company commitment to transparent communications, a full EIS, and site environmental management plan should the proposed development proceed

a pathway to zero emissions

FuturGas Project is

A business with control of the full value chain from resource to market A unique opportunity to develop an environmentally responsible generation initiative based on commercially proven technology

Providing a path to zero emissions through the development of carbon capture and storage

Positioned in the new growth area of low emissions coal generation to address the reduction of greenhouse gases

Capable of further growth through coal gasification and production of value add liquids

addressing climate change through responsible use of lignite

END

Commercially viable low emissions power

ASX Code: STX www.strikeoil.com.au

This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment.

Reliance should not be place on the information or opinions contained in this presentation. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Any decision to purchase or subscribe for any shares in Strike Oil Limited should only be made after making independent enquiries and seeking appropriate financial advice.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, Strike Oil Limited and its affiliates and related bodies corporate, and their respective officers, directors, employees and agents disclaim liability (including without limitation, any liability arising from fault or negligence) for any loss arising from any use of or reliance on this presentation or its contents or otherwise arising in connection with it.

Statements contained in this presentation, including but not limited to those regarding the possible or assumed future costs, performance, dividends, returns, production levels or rates, oil and gas prices, reserves, potential growth of Strike Oil Limited, industry growth or other projections and any estimated company earnings are or may be forward looking statements. Such statements relate to future events and expectations and as such involve known and unknown risk and uncertainties, many of which are outside the control of Strike Oil Limited. Actual results, actions and developments may differ materially from those expressed or implied by the statements in this presentation.

Subject to any continuing obligations under applicable law and the Listing Rules of ASX Limited, Strike Oil Limited does not undertake any obligation to publicly update or revise any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such statement is based.