STRIKE ENERGY LIMITED — Director's Dealing 2008

Dec 17, 2008

ASX Announcement ASX Code: STX

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The Company Announcement Officer Australian Stock Exchange Ltd via electronic lodgement

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18 December 2008
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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 for Simon Ashton regarding a change in director's interest.

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	10/12/08

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	18/12/08
No. of securities held prior to change	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>
Class	Unlisted incentive options expiring 18 December 2011 and exercisable at 30 cents.
Number acquired	1,500,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

Rule 3.19A.2

No. of securities held after change	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> 1,500,000 unlisted incentive options expiring 18 December 2011 and exercisable at 30 cents - Simon Mark Ashton
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Issue of options in accordance with the Rules of the Employee Share Incentive Option Plan and approved by shareholders at the recent AGM.