STRIKE ENERGY LIMITED — Director's Dealing 2007

Oct 25, 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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Date: 26 October 2007
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Strike Oil Limited ABN 59 078 012 745

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Our Strengths

APPENDIX 3Y

Please find attached an Appendix 3Y Change of Director's Interest Notice for Simon Ashton, Jim Durrant, Jeff Schneider, David Wrench and Peter Gunzburg.

Yours faithfully

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TONY BRAZIER Company Secretary

• Producer/Explorer with strong cash flow

• Track record of discoveries

• Geographically diverse portfolio

• Highly experienced team

• Strong experienced partners

• Innovative approach to E&P

Further information:

Strike Oil Limited

Tony Brazier - Company Secretary 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

Rule 3.19A.2

APPENDIX 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Strike Oil Limited
ABN	59 078 012 745

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Simon Ashton
Date of last notice	18/1/07

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	S&Y Ashton Nominees Pty Ltd Family Trust> of which S Ashton is a Director and shareholder
Date of change	19/10/07
No. of securities held prior to change	1,000,000 Unlisted Incentive Options expiring 31/12/08 and exercisable at 35 cents - Simon Mark Ashton 8,083,964 Ordinary fully paid shares:- - 6,763,964 Ordinary fully paid shares - S&Y Ashton Nominees Pty Ltd Family Trust> - 1,320,000 Ordinary fully paid shares - S&Y Ashton Nominees Pty Ltd Superannuation Fund>
Class	Ordinary Fully Paid shares
Number acquired	230,000 - S&Y Ashton Nominees Pty Ltd Simon Ashton Family Trust> 220,000 - S&Y Ashton Nominees Pty Ltd Superannuation Fund>
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$96,750

Rule 3.19A.2

No. of securities held after change	1,000,000 Unlisted Incentive Options expiring 31/12/08 and exercisable at 35 cents - Simon Mark Ashton 8,533,964 Ordinary fully paid shares:- - 6,993,964 Ordinary fully paid shares - S&Y Ashton Nominees Pty Ltd Family Trust> - 1,540,000 Ordinary fully paid shares - S&Y Ashton Nominees Pty Ltd Superannuation Fund>
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Non-renounceable Entitlement Issue

APPENDIX 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Strike Oil Limited
ABN	59 078 012 745

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	James Durrant
Date of last notice	16/07/07

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Pontia Pty Ltd of which J Durrant is a Director and shareholder
Date of change	19/10/07
No. of securities held prior to change	1,000,000 Unlisted incentive options expiring 31/12/08 and exercisable at 35 cents - James Michael Durrant 8,804,871 Ordinary fully paid shares - 7,665,571Pontia Pty Ltd - 1,139,300 Mr James Michael Durrant & Mrs Monica Catherine Durrant Fund A/C>
Class	Ordinary fully paid shares
Number acquired	A. 1,189,883 Pontia Pty Ltd
Number disposed	B. 46,500 Pontia Pty Ltd
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A. $255,824.85 B. $9,997.50

No. of securities held after change	1,000,000 Unlisted incentive options expiring 31/12/08 and exercisable at 35 cents - James Michael Durrant 9,948,254 Ordinary fully paid shares - 8,619,071 Pontia Pty Ltd - 1,329,183 Mr James Michael Durrant & Mrs Monica Catherine Durrant A/C>
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	A. Non-renounceable Entitlement Issue B. Off market trade

Rule 3.19A.2

APPENDIX 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Strike Oil Limited
ABN	59 078 012 745

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Jeff Schneider
Date of last notice	18/1/07

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	A. 2/8/07 B. 19/10/07
No. of securities held prior to change	952,103 Ordinary fully paid shares 1,250,000 Unlisted options exercisable at 33 cents expiring 2 August 2007
Class	A. Unlisted Options B. Ordinaryfully paid shares
Number acquired	B. 158,683
Number disposed	A. 1,250,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A. Nil B. $34,116.85
No. of securities held after change	1,110,786 Ordinary fully paid shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	A. Unlisted options expired B. Non-renounceable entitlement Issue

APPENDIX 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Strike Oil Limited
ABN	59 078 012 745

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David Wrench
Date of last notice	18/1/07

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	19/10/07
No. of securities held prior to change	154,000 Ordinary fully paid shares
Class	Ordinary fully paid shares
Number acquired	25,666
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$5,518.19
No. of securities held after change	179,666 Ordinary fully paid shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Non-reounceable Entitlement Issue

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Strike Oil Limited
ABN	59 078 012 745

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter Lynton Gunzburg
Date of last notice	23/05/2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	P L Gunzburg Account> in which P Gunzburg has an interest
Date of change	19/10/07
No. of securities held prior to change	500,000
Class	Ordinary Fully Paid Shares
Number acquired	83,333
Number disposed	Nil
Value/Consideration includes brokerage/gst Note: If consideration is non-cash, provide details and estimated valuation	$17,916.60
No. of securities held after change	583,333
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Non-renounceable Entitlement Issue