Strike Energy Limited · ASX:STX
Strike Energy — Investor Presentation (September 2026)
16 slides from Strike Energy's investor presentation, Sep 1, 2026
Slide 1: West Erregulla Unlocked
For personal use only STRIKE ENERGY WEST ERREGULLA UNLOCKED 1 September 2026 ASX:STX
Slide 2: Disclaimer and Important Notices
DISCLAIMER AND IMPORTANT NOTICES Summary information decision, should be made based solely upon appropriate due diligence and other inquiries. Before making any investment decision, This presentation contains summary information and statements about Strike Energy Limited (ASX:STX) (Strike), its subs
Slide 3: West Erregulla Development
WEST ERREGULLA DEVELOPMENT A step-change in the scale of Strike’s energy business Strong alignment with JV providing pathway to market by mid-2029 For personal use only Binding heads of agreement for gas processing through Belisama Toll based on an agreed and binding fixed Capacity Charge $30M Hanco
Slide 4: West Erregulla Unlocked
WEST ERREGULLA UNLOCKED A step-change in the scale of Strike’s energy business For personal use only A NEW SOURCE OF CASHFLOW GENERATION Status Target Production Rate Pre-FID 43.5 TJ/day1 Proposed Development Reserves & Resources 251 PJ1 RESOURCE UPSIDE FUNDED PATHWAY Belisama Gas 2P: 251 PJ2 Plant
Slide 5: West Erregulla Positioned to Supply a Tightening WA Gas Market
WEST ERREGULLA POSITIONED TO SUPPLY A TIGHTENING WA GAS MARKET WA GAS SUPPLY VS DEMAND OUTLOOK AEMO 2025 WA GSOO 1,400 For personal use only 1,300 AEMO flags structural gas shortfall emerging beyond 2030 1,200 1,100 1,000 900 PJ 800 700 Under-investment driving reliance on uncommitted supply 600 500
Slide 6: A New Chapter for Strike
A NEW CHAPTER FOR STRIKE A refreshed leadership team, near-term operational catalysts and a clear pathway to scale REFRESHED LEADERSHIP For personal use only New leadership focussed on execution and shareholder value • Shelley Robertson appointed Managing Director & CEO • Nev Power appointed Chair •
Slide 7: Walyering
WALYERING An established production base For personal use only Status Target Rate1 Online 20 TJ/day PRODUCING OPTIMISING EXTENDING FIELD Nameplate Capacity Reserves & Resources TODAY PRODUCTION LIFE 33 TJ/day 2P: 16.5 PJ2 Supplying WA gas under Compression to optimise Walyering West adds firm offtak
Slide 8: South Erregulla Peaking Power Plant
SOUTH ERREGULLA PEAKING POWER PLANT Set to deliver firming capacity into WA’s primary electricity grid, integral in WA’s Energy Transition For personal use only 85 MW fully Own gas = low cost Currently in final Strong revenue from Increasing demand High value add to gas integrated peaking phase of e
Slide 9: WA Electricity Market
WA ELECTRICITY MARKET WHOLESALE ELECTRICITY PRICES Supports flexible generation from SEPP 400 AEMO WEM Reference Trading Price July 11th 2026 (Example trading day)1 350 300 For personal use only 250 $/MWh Coal exits targeting 2030 reducing firm generation capacity 200 $217/MWh 150 $154/MWh 100 $108/
Slide 10: Future Optionality
FUTURE OPTIONALITY Multiple value enhancement opportunities available to Strike For personal use only GERALDTON ~100km Existing 132 KV transmission line WEST ERREGULLA 251 PJ 2P + 48 PJ 2C1 Recently constructed BRAND transmission HWY ~30km SOUTH ERREGULLA 45 PJ 2P + 37 PJ 2C1 KINGIA PLAINS PERTH ~31
Slide 11: A Pipeline of Growth
A PIPELINE OF GROWTH Multiple paths to grow production, revenue and cash flow PRODUCING NEAR-TERM DEVELOPMENT FUTURE NOW CASH FLOW PIPELINE UPSIDE For personal use only OCEAN HILL + WALYERING SOUTH ERREGULLA WEST ERREGULLA KADATHINNI ~$52m ~$52m CAPACITY REVENUE 251 PJ3 MATERIAL REVENUE p.a. over fi
Slide 12: Scaling Strike Beyond 2030
SCALING STRIKE BEYOND 2030 ADDITIONAL For personal use only UPSIDE OCEAN HILL L26 KADATHINNI Beyond the core asset plan NEAR-FIELD MATERIAL 180 PJ 2C1 UPSIDE SCALE Exploration success provides the potential to: Large prospects and leads Extend production 100%-owned Significant prospects surrounding
Slide 13: Why Strike? Why Now?
WHY STRIKE? WHY NOW? For personal use only WEST ERREGULLA REVENUE GROWTH DIVERSIFIED ENERGY FUNDING PATHWAY ORGANIC GROWTH UNDERVALUED UNLOCKED EXPOSURE Walyering, South Natural gas production Development funding ~3,000 km2 of Perth Basin World class asset base with A clear development Erregulla and
Slide 14: Forward Looking Statements and Other Information
FORWARD LOOKING STATEMENTS AND OTHER INFORMATION Reserves and Resources Estimates actual results, performance and achievements to be materially greater or less than estimated. These may include, but are not Information in this presentation relating to: limited to, changes in commodity prices, foreig
Slide 15: Delivering a secure energy future
For personal use only Delivering a secure energy future Click to edit Master subtitle style ASX:STX ASX:STX
Slide 16: Appendix A: Strike Energy Company Snapshot
APPENDIX A: STRIKE ENERGY COMPANY SNAPSHOT A leading Perth Basin pure play Lockyer & Operator in all Market Cap Shares on issue Total Reserves and Resources North Erregulla permits $414m1 3.6b Strike Perth Basin 2P Reserves, Waitsia Erregulla Deep 2C Resources & 2U Resources (PJe)2 L25 For personal
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