Strike Energy Limited · ASX:STX
Strike Energy — RIU Good Oil and Gas Energy Conference 2026
16 slides from Strike Energy's conference presentation, Sep 16, 2026
Slide 1: Strike Energy: Delivering WA's Next Major Gas Development
personal use only STRIKE ENERGY DELIVERING WA’S NEXT MAJOR GAS DEVELOPMENT Shelley Robertson, Managing Director & CEO RIU Good Oil and Gas Energy Conference 16 September 2026 ASX: STX
Slide 2: Disclaimer and Important Notices
DISCLAIMER AND IMPORTANT NOTICES Summary information sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the personal use only This presentation contains summary information and statements about Strike Energy Limited (ASX:STX) (Strike), U
Slide 3: Strike at a Glance
STRIKE AT A GLANCE A leading independent energy company delivering reliable domestic gas and flexible power generation to Western Australia Refreshed Leadership personal use only Market Cap ASX-listed energy company (ASX: STX) focused on Nev Power Perth Basin gas. $414m1 Chair Shares on issue Produc
Slide 4: Our Portfolio
OUR PORTFOLIO A leading Perth Basin pure play Total Reserves and Resources Lockyer & Operator in all North Erregulla permits At current market cap, Reserves and Resources personal use only Waitsia Erregulla Deep valued at $0.68 per GJ (2P + 2C)2,3 with material L25 Walyering Cash flow from productio
Slide 5: West Erregulla Unlocked
WEST ERREGULLA UNLOCKED A step-change in the scale of Strike’s energy business 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 2P: 251 PJ2 Gas Plant Gas
Slide 6: West Erregulla Development
WEST ERREGULLA DEVELOPMENT A step-change in the scale of Strike’s energy business personal use only Strong alignment with JV providing pathway to market by mid-2029 Binding heads of agreement for gas processing through Belisama Toll based on an agreed and binding fixed Capacity Charge $30M Hancock-f
Slide 7: West Erregulla Positioned to Supply a Tightening WA Gas Market
WEST ERREGULLA POSITIONED TO SUPPLY A TIGHTENING WA GAS WA GAS SUPPLY VS DEMAND OUTLOOK MARKET AEMO 2025 WA GSOO personal use only 1,400 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 600 500 400
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 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 elect
Slide 9: Strategic Energy & Infrastructure Position
STRATEGIC ENERGY & INFRASTRUCTURE POSITION 3,500 ha freehold land positioned at the intersection of energy, transmission and digital infrastructure personal use only WEST ERREGULLA 251 PJ 2P + 48 PJ 2C1 Existing 132 KV GERALDTON transmission line ~100km Recently constructed SOUTH ERREGULLA transmiss
Slide 10: 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 personal use only 300 250 $/MWh Coal exits targeting 2030 reducing firm generation capacity 200 $217/MWh 150 $154/MWh 100 $108/MWh
Slide 11: Walyering
WALYERING An established production base 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 offtake ag
Slide 12: A Pipeline of Growth
A PIPELINE OF GROWTH Multiple paths to grow production, revenue and cash flow PRODUCING NEAR-TERM DEVELOPMENT FUTURE personal use only NOW CASH FLOW PIPELINE UPSIDE OCEAN HILL + WALYERING SOUTH ERREGULLA WEST ERREGULLA KADATHINNI TWO REVENUE STREAMS 251 PJ3 STRIKE SHARE At a target production rate o
Slide 13: Scaling Strike Beyond 2030
SCALING STRIKE BEYOND 2030 personal use only ADDITIONAL 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 West
Slide 14: Why Strike? Why Now?
WHY STRIKE? WHY NOW? personal use only WEST REVENUE DIVERSIFIED FUNDING ORGANIC UNDERVALUED ERREGULLA GROWTH ENERGY PATHWAY GROWTH UNLOCKED EXPOSURE Walyering, South Natural gas Development funding ~3,000 km2 of Perth World class asset base A clear development Erregulla and West production and suppo
Slide 15: Forward Looking Statements and Other Information
FORWARD LOOKING STATEMENTS AND OTHER INFORMATION Reserves and Resources Estimates Any such forward looking statement inherently involves known and unknown risks, uncertainties and other factors personal use only Information in this presentation relating to: that may cause actual results, performance
Slide 16: Delivering a Secure Energy Future
personal use only Delivering a secure energy future Click to edit Master subtitle style For further information: strike@strikeenergy.com.au strikeenergy.com.au ASX:STX ASX: STX
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