STRIKE ENERGY LIMITED — Director's Dealing 2008

Feb 3, 2008

ASX Announcement ASX Code: STX

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The Company Announcement Officer Australian Stock Exchange Ltd via electronic lodgement

4 February 2008

Strike Oil Limited ABN 59 078 012 745

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Our Strengths

DIRECTOR'S INTEREST NOTICE

• Producer/Explorer with strong cash flow

Please find attached an Appendix 3Y - Change in Directors Interest Notice.

Yours faithfully

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SIMON ASHTON Managing Director

• Track record of discoveries

• Geographically diverse portfolio

• Highly experienced team

• Strong experienced partners

• Innovative approach to E&P

Further information:

Strike Oil Limited

Simon Ashton - Managing Director 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	Jeffrey Schneider
Date of last notice	19/10/07

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.	Yelmere Superannuation Fund of which J Schneider is a director and shareholder
Date of change	28/1/08
No. of securities held prior to change	1,110,786 Ordinary fully paid shares - J Schneider
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$34,117
No. of securities held after change	952,103 Ordinary fully paid shares - J Schneider 158,683 Ordinary fully paid shares - Yelmere 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	Transfer of interest to Yelmere Superannuation Fund