STRIKE ENERGY LIMITED — Capital/Financing Update 2012

Apr 2, 2012

==> picture [595 x 132] intentionally omitted <==

----- Start of picture text -----

Strike Energy Limited ABN 59 078 012 745 03 April 2012
----- End of picture text -----

==> picture [174 x 705] intentionally omitted <==

----- Start of picture text -----

OUR STRENGTHS
• Quality Assets
• Experienced Team
• Major Growth Potential
Strike Energy Limited
Ground Floor, 10 Ord Street
West Perth WA 6005
T: +61 8 6103 0999
F: +61 8 6103 0990
E: strike@strikeenergy.com.au
www.strikeenergy.com.au
----- End of picture text -----

The Company Announcement Officer ASX Ltd

via electronic lodgement

NOTICE UNDER SECTION 708A(5)(E) CORPORATIONS ACT 2001 (CTH)

On 28 March 2012, Strike Energy Limited (“Strike”) announced it had finalised arrangements for a capital raising comprising a placement in two tranches to sophisticated and professional investors to raise $20 million before costs (“Placement”).

The Placement comprises:

1. the issue of 45,780,890 new shares (“Tranche 1 Placement Shares”) at an issue price of $0.17 per share to raise approximately $7.8 million before costs; and

2. the issue of 71,866,169 new shares at an issue price of $0.17 per share to raise approximately $12.2 million before costs, subject to shareholder approval to be sought at an Extraordinary General Meeting of shareholders to be held on or about 30 April 2012.

On 2 April 2012, the Tranche 1 Placement Shares were issued to institutional and professional investors.

In order to permit the on-sale of the Tranche 1 Placement Shares without the need for a disclosure document to be prepared under Part 6D.2 of the Corporations Act 2001 (Cth) (“Corporations Act”), Strike makes the following statements under section 708A(5)(e) of the Corporations Act:

• a) The Tranche 1 Placement Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

• b) This notice is being given under paragraph 5(e) of section 708A of the Corporations Act.

==> picture [595 x 132] intentionally omitted <==

----- Start of picture text -----

Strike Energy Limited ABN 59 078 012 745 03 April 2012
----- End of picture text -----

==> picture [174 x 705] intentionally omitted <==

----- Start of picture text -----

OUR STRENGTHS
• Quality Assets
• Experienced Team
• Major Growth Potential
Strike Energy Limited
Ground Floor, 10 Ord Street
West Perth WA 6005
T: +61 8 6103 0999
F: +61 8 6103 0990
E: strike@strikeenergy.com.au
www.strikeenergy.com.au
----- End of picture text -----

• c) As at the date of this notice, Strike has complied with the provisions of Chapter 2M (to the extent that that Chapter applies to it) and section 674 of the Corporations Act.

• d) There is no information which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

Yours faithfully

==> picture [141 x 40] intentionally omitted <==

David Wrench Managing Director

Further information: Strike Energy Limited David Wrench – Managing Director

• T: 61 2 8261 1000 E: strike@strikeenergy.com.au