STRIKE ENERGY LIMITED — Capital/Financing Update 2012

Nov 11, 2012

ASX Announcement

Strike Energy Limited ABN 59 078 012 745

The Company Announcement Officer, ASX Ltd via electronic lodgement

AWARD OF EROMANGA BASIN PERMITS

Strike Energy Limited is pleased to advise that it has been awarded three permits in the Eromanga Basin close to the company’s existing Cooper Basin permits.

The permits – PEL 71, PEL 515 and PEL 575 – were previously permit applications held by Strike, and were awarded by the South Australian Minister for Mineral Resources and Energy following the conclusion of agreements with native title holder and claimant groups.

Strike has high working interests in the new permits and is the operator. The new permits are located to the west of the Cooper Basin (see Map 1 below) and are prospective for Western Flank-style conventional oil accumulations.

Map 1 – Strike Energy Cooper and Eromanga Basin permits

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12 November 2012

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OUR FOCUS
 COOPER BASIN
4 million net acres, including
over 1 million net acres with
unconventional potential
 EAGLE FORD SHALE
Participation in over 37,400
gross acres within the gas-
condensate window
Ground Floor, 10 Ord Street
West Perth, Western Australia 6005
T: 61 8 6103 0999
F: 61 8 6103 0990
E: strike@strikeenergy.com.au
www.strikeenergy.com.au
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Strike Energy Limited ABN 59 078 012 745 12 November 2012
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Strike’s newly awarded permits are summarised in the following table.

Table 1 – Strike Energy newly awarded Eromanga Basin permits

PERMIT	OPERATOR	WORKING INTEREST	SIZE (gross)
PEL 71	Strike	75%	6,145 km2
PEL 515	Strike	100%	3,038 km2
PEL 575	Strike	100%	3,804 km2

Yours faithfully

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DAVID WRENCH Managing Director

Further information:

Strike Energy Limited

David Wrench – Managing Director

• T: +61 2 8261 1000

• E: strike@strikeenergy.com.au

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