Strike Energy Limited · ASX:STX

Strike Energy — CSG & LNG Conference, Brisbane 2010

15 slides from Strike Energy's conference presentation, Dec 3, 2010

1. Slide 1: Company Presentation

   Strike Energy Limited ABN 59 078 012 745 3 December 2010 The Company Announcement Officer OUR STRENGTHS Australian Securities Exchange Ltd via electronic lodgement • High margin producer • Multiple large scale growth options • Experienced team COMPANY PRESENTATION • Long term track record of success

2. Slide 2: CSG & LNG Conference, Brisbane, 2 & 3 December 2010

   Strike Energy Limited CSG & LNG CONFERENCE, BRISBANE 2 & 3 DECEMBER 2010

3. Slide 3: Disclaimer

   DISCLAIMER This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance should not be placed on the information or opinio

4. Slide 4: The Company

   The Company A successful oil and gas explorer and producer with operations focused on the most productive basins in the USA and Australia Conventional oil and gas Presentation CARNARVON Focus: ONSHORE GULF COAST Coals Seam Gas (CSG) SOUTHERN COOPER Gas/condensate production and FUTURGAS exploration

5. Slide 5: Cooper Basin Focus

   Cooper Basin Focus The Cooper Basin has the potential to provide gas supply support for all the proposed Eastern States LNG Projects Strike is positioned with: • Strategic acreage position Project EXPORT • Prospective CSG resource location MARKETS ? • Unique market access (domestic and international

6. Slide 6: Strike's Cooper Position

   Strike’s Cooper Position • Strategic position established • Total permit area greater than 17,000 km2 (4 million acres)  PEL 96 66.67% (Strike Operator)  PELA 71 75% (Strike Operator)  PELA 515 100% (Strike Operator)  PEL 94 35% (Beach Energy Operator)  PEL 95 50% (Beach Energy Operator)  PPL

7. Slide 7: Strike's CSG Resource

   Strike’s CSG Resource PEL 96 Strike Energy 66 2/3%, Operator Australian Gasfields* 33 1/3% * Australian Gasfields is a wholly owned subsidiary of Energy World Corporation • 1,450km2 of Permian age coal above 1,500m • Up to 75m net coal thickness • Estimated gas in place  7,400-18,600 PJ PEL 95 • Pr

8. Slide 8: Strike's Initial Evaluation

   Strike’s Initial Evaluation • Initial evaluation and analogue studies indicate gas contents in the 4 to 7m3/tonne (140 to 250 scf/tonne) range • Gassy coals recorded in 21 metres thick Permian Coal Seam • Thermogenic and Biogenic gas sources indicated • Forge 1 suspended in August 2010 at 1,351 Forg

9. Slide 9: Strike's Plans - 2011 Program

   Strike’s Plans - 2011 Program PERMIAN COAL TARGETS (1,200 -1,600m) • PEL 96 and PEL 95  Potential for 5 wells TERTIARY/CRETACEOUS COAL TARGETS (200 – 500m) PEL 95 • Southern Cooper region PEL 94  Potential for 20 holes PEL 96 ACTIVE PROGRAM PLANNED

10. Slide 10: Strike's Market Access

    Strike’s Market Access • Connected to all:  Eastern states domestic markets  potential LNG Projects • Low infrastructure cost development EXPORT • Options: MARKETS ?  Domestic market advantage into SA, NSW  Aggregate with LNG players  Third party sales to LNG players EXPORT MARKETS ? • Potentia

11. Slide 11: Strike's Market Access: Another Perspective

    Strike’s Market Access ANOTHER PERSPECTIVE • Connected to all:  Eastern states domestic markets EXPORT  potential LNG Projects MARKETS ? • Low infrastructure cost development EXPORT • Options: MARKETS ?  Domestic market advantage into SA, NSW  Aggregate with LNG players EXPORT  Third party sale

12. Slide 12: Strike's Production Potential

    Strike’s Production Potential MARKETING / DEVELOPMENT STRATEGY STEP 1 STEP 2 • Access domestic market • Support for LNG projects  Proof of concept  Build reserves  Early cash flow  Build production  Build reserves 90-155 Daily LNG PROJECT Production TJ’s SUPPLY SALES (QLD, NSW OR SA?) 20-40 0 D

13. Slide 13: Strike's Economics

    Strike’s Economics FAVOURABLE VALUE DRIVERS • Low capex - immediate infrastructure access (Up to 150 TJ/day capacity available at Epic Energy Moomba to Adelaide pipeline) • Ready access to multiple markets • Early cash flows • Potential for $4/GJ(plus) gas sales price Epic Energy Pipeline - Compress

14. Slide 14: Summary

    Summary • Cooper location “Key as support for Eastern Australia LNG exports” • Strike has strategic Cooper CSG position • CSG potential to be evaluated in 2011 STRIKE IN THE RIGHT PLACE

15. Slide 15: www.strikeenergy.com.au

    www.strikeenergy.com.au

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