Strike Energy Limited · ASX:STX

Strike Energy — Strike Oil — Good Oil Conference 2005

25 slides from Strike Energy's conference presentation, Sep 6, 2005

1. Slide 1: Good Oil Conference Presentation

   G Strike Oil G1 B 9225 4446 61 8 9225 4448 6 September 2005 Australian Stock Exchange Ltd Via Electronic Lodgement “GOOD OIL CONFERENCE” PRESENTATION Find attached the presentation by Strike Oil Limited to be made at the “Good Oil Conference” in Fremantle, Western Australia on 8 September 2005. Your

2. Slide 2: ee... 4... iii..4.iiéi@.=—09

   ee... 4... iii..4.iiéi@.=—09 a e8.B=—C—msmsOssSsSs—OseOMMSOOOSOOSOSOOOSOSOSOSNM a _ ©.—hCOCéSé=é‘=te Se ome , \ - -_ Zs De ye | : . Lo Lo . . a : 7 . a 8 “oy _ Ve _ i oe _ | _ es oo oe LT en ee i Co a See a rs La Ne Se Ze 4 a Sa i eRe RO iy, ee | De

3. Slide 3: Rocky Mountains

   > Accele . Rocky Mountains DL —

4. Slide 4: Strike Oil Presentation

   G Strike Oil Presentation ® Corporate summary # Activities since public listing ® Strategy ® Forward program

5. Slide 5: Strike Oil corporate summary

   G Strike Oil Strike Oil L ASX CODE | ae STX LISTING DATE oe 5 AUGUST 2004 TOTAL FULLY PAID SHARES | 143,494,729 UNLISTED OPTIONS - 24,757,152 SHAREHOLDERS (SINCE LISTING) 764» = 2000 PRICE RANGE (SINCE LISTING) 10-43 CENTS | | MARKET CAP (@ 12 CENTS) $17.2 MILLION. CASH (30 JUNE 2005) : ~$7 MILLION

6. Slide 6: Drilling results

   GF strikeoil CARNARVON || INTEREST | OPERATOR . RESULTS | BASIN ] Le Altostratus 1 80% Strike Oil 3 metre gas interval ) ay 0 Non-commercial _Rocky Mountains Boojum 1 50% Tap Oil 17.metre gas interval Non-commercial fC Cooper.1 40% Strike Oil No significant Lo hydrocarbons | 16.26% Apache No signifi

7. Slide 7: Share Price and Trade Volume since listing

   Public Listing Share Price and Trade Volume AAR AA 0.500 12,000,000 ; 0.450 10,000,000 + 0.400 + 0.350 8,000,000 6,000,000 + No. of Shares 0.300 0.250 ; 0.200 4,000,000 2,000,000 + 0.150 + 0.100 0.050 + 0.000 Share Price ($)

8. Slide 8: Strike Oil Activity Since Listing: Australia

   G Strike Oil Activity Since AS Carnarvon Basin AUSTRALIA ® Drilled 4 offshore wells @ Generating new leads and prospects ® Preparation for next round of seismic and wells Cooper Basin @ Finalised Native Title, ATP 633-P ® Farming out PELA 71 and PELA 96 Other Interests e@ & Comet Ridge Limited e KK)

9. Slide 9: Strike Oil Activity Since Listing: USA

   GsStrike Oil Activity Since AS USA | Gulf Coast Texas (onshore) 1 e Committed to ongoing gas exploration program ®@ Drilled first well, Jabber 1 Rocky Mountains @ Joint Venture established @ Oil and gas acquisitions under investigation

10. Slide 10: Activities Focus

    Activities Focus © s ~~ AG og f 2 ee ge Co

11. Slide 11: Risk and returns by area

    GF strikeoil High RETURNS Moderate Low _ Carnarvon ‘Acquisitions _ Low Moderate High RISK

12. Slide 12: Expanded Drilling Program

    GF strikeoil Expanded Drilli 2004. Carnarvon Gulf Coast, Texas Cooper/Eromanga Rocky Mountains 3 Wells 3-6 Wells. 8 — 15 Welis

13. Slide 13: Cooper/Eromanga Basin

    i Cooper/Eromanga Basi

14. Slide 14: Carnarvon Basin

    G Strike Oil Carnarvon Basin A @ 4‘ quarter seismic (8 permits) ® High grading prospects @ Scope to farm down @ Drilling 2006 (2-3 wells) Western Australia

15. Slide 15: Cooper/Eromanga Basin

    GF strike Oil @ 4 quarter seismic ® High grading prospects @ Scope to farm down ® Drilling 2006 (1-3 wells)

16. Slide 16: Other Australia: Kingston Energy

    Gstrike Oil Other Aust alia KINGSTON ENERGY tt IK 100% owned subsidiary Coal, petroleum and gasification rights to Kingston Coal Deposit (SA) Energy Options Evaluation ® Coal Seam Gas oe ® “Clean Coal” power Legend ) (ee ® Coal to liquids Mecano ® Gasification Mining Lease « Power Line (132000 + = P

17. Slide 17: Comet Ridge

    y) Galilee” aL ALO’ UU AX Comet Ridge @ 10% direct shareholding @ First revenue 2006 @ Recent $12.5 million sale of Tipton West @ USA expansion

18. Slide 18: Rocky Mountains strategy

    GF strike Oil Builds on strengths — Track Record — Contacts Balances risk profile Immediate cashflow on success Opportunity for increased activity High oil and gas prices

19. Slide 19: USA - Gulf Coast, Texas

    GF strikeoi USA — Gulf Coast, T ® Gas focus ® Operator, Cypress E&P ® Interests 10-26% ® Competitive technology 3-D seismic, AVO analysis @ Ongoing drilling (4-9 wells)

20. Slide 20: Rocky Mountains Project Area

    GF strike Oil Gulf Coast Project Area Oil and gas focus Operator, Comet Ridge Interests 20-40% Competitive technology Leasing underway Drilling 2006 (2-3 wells)

21. Slide 21: Prospect potential and participating interests

    @strikeOil- Location : | Strikeon | - | (Indicative participating — interests) _ Prospect | _ Potential _ Gulf Coast, Texas Carnarvon Basin | Offshore 20-40% 5-50MMbbI Cooper Basin : Onshore 15-40% 0.5-10MMbbI Rocky Mountains : Onshore 20-40% 0.5-3MMbbIi Onshore 10-26% §-20Bcf

22. Slide 22: Forward program

    Gstrikeoil | Uc rr—r—..LDU—O—.C._COC<C:;*:;W _@°Queter | 06... . se SEISMIC a. 2-3 WELLS a 4 WELL? 6 ooper Bosin _ SEISMIC 1-3 WELLS Gulf Coast, Texas 1-3 WELLS 3-6 WELLS 7 Rocky Mountains LEASING 2-3 WELLS

23. Slide 23: Why Invest In Strike Oil

    Z siren Why Invest In i S inime ni mediate. a New leasin -, \Subsiatial fou ! Rocky Mountains - Team wi 7 CA dee : - Stron

24. Slide 24: Where to from here

    GF strikeoil Where to from 12,000,000 10,000,000 No. of Shares 8,000,000 6,000,000 + 4,000,000 2,000,000 Share Price and Trade Volume AR A AARARAR Drilling 2006 | fl Fi | 2004 00) 006) Share Price ($)

25. Slide 25: Disclaimer

    GFstrikeOil ———Disclaimer_— Strike Oil Limited has taken all reasonable care in producing the text and images contained in this presentation but does not warrant that the information contained herein is accurate or up to date. The information on these slides is based on publicly available informatio

Strike Oil — Good Oil Conference 2005 on 6ix