STRIKE ENERGY LIMITED — Director's Dealing 2007

Jul 16, 2007

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ABN 59 078 012 745

STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth, Western Australia, 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

16 July 2007

Australian Stock Exchange Ltd Via Electronic Lodgement

DIRECTOR’S INTEREST NOTICE

Please find attached Appendix 3Y - Change of Director's Interest Notice for James Durrant being the transfer of shares to James Michael and Monica Catherine Durrant .

Yours faithfully

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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

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	14/6/06

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	A 15/6/07 B 28/6/07
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 - 7,965,571Pontia Pty Ltd - 839,300 Pontia Pty Ltd Superannuation Fund>
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

No. of securities held after 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 A. 839,300 James Michael Durrant and Monica Catherine Durrant B. 300,000 James Michael Durrant and Monica Catherine Durrant
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Transfer of interest to James Michael Durrant and Monica Catherine Durrant A/C>