Business Summary

Strike Energy Limited is an Australia-based onshore energy producer and urea manufacturer. The principal activities of the Company are exploration and evaluation of gas resources. The Company holds exploration acreage in both the Perth and Cooper Basins. The Company’s projects include Perth Basin, Greater Erregulla Gas, Project Haber, Perth Basin Geothermal and Walyering. The Perth Basin project is located close to energy transmission infrastructure that is connected to Western Australia’s population center in the South West. Its Perth Basin gas and geothermal acreage is located in Western Australia’s Midwest Region. The Company has various gas development and exploration opportunities it is pursuing as part of the Greater Erregulla Development Plan. The Project Haber’s location in Geraldton positions is close to Western Australia’s wheatbelt region. The Company owns 100% of the geothermal rights in the Perth Basin, covering approximately 3,500 square kilometers (km2).