Strike Energy : Chairman's AGM Address and MD Presentation

15th November 2021
	ASX: STX The Company Announcement Officer ASX Ltd via electronic lodgement

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Chairman's AGM Address and MD Presentation

Please find attached the following items to be presented at Strike Energy Limited's Annual General Meeting to be held at 11:00 am (AWST) today.

• Chairman's 2021 Annual General Meeting address; and
• Managing Director and Chief Executive Officer's presentation.

This announcement is authorised for release by the Managing Director and Chief Executive Officer in accordance with the Company's Continuous Disclosure Policy.

Company Contact

Georgina Fraser

Investor Relations

Email: [e-mail]

Media Contacts

Paul Ryan (Citadel-MAGNUS)

Phone: [phone]

Email: [e-mail]

[e-mail]

ABN 59 078 012 745 www.strikeenergy.com.au

2, 66 Kings Park Rd, West Perth WA 6005

Chairman's 2021 Annual General Meeting Address

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Ladies and Gentlemen,

2021 has been an important year for the company in terms of advancing towards our strategy of becoming an integrated energy, fertiliser and renewable developer.

In May, we announced our plan to reach net-zero carbon for Scope 1 & 2 emissions by 2030. A clear commitment by Strike's Board and Management team to an ambitious target which demonstrates Strike's ESG leadership. This goal will be achieved through Project Haber, our low carbon urea project in the Mid-West. Our vision for Project Haber could see the carbon intensity of Australia's wheat reduce by ~60% through the use of our geographically advantaged gas to produce one of farming's most important inputs. Further to our strategy, Strike acquired 100% of the existing geothermal rights in the Perth Basin. Whilst early days in terms of project development, the potential of geothermal power could be significant in terms of not only providing green power to Project Haber but also other large scale industrial projects. Geothermal power unlocks Net Zero for Scope 3 emissions.

Whilst the company remains committed to our decarbonisation vision, it goes without saying, that the immediate priority for Strike has been the advancement of the West Erregulla Gas Project.

Strike reached an important milestone late this year with the independent certification of its Perth Basin Gas Reserves. The reserve certification is the culmination of our exploration and appraisal well campaign. We have drilled the West Erregulla 3, 4 and 5 appraisal wells during the year and further work will be done in 2022 with the re-completion of West Erregulla 3 and 5.

Whilst we acknowledge the reserves volumes may have fallen short of market expectations, we are proud of the milestone achieved and what it unlocks for the Company and our shareholders. The reserves certification demonstrates that Strike has sufficient gas to meet its contractual obligations and provides a pathway to project financing. The market's reaction to the reserves announcement has regrettably seen the share price decrease however the Company has planned exploration and appraisal activities to potentially unlock additional resources.

The unfolding energy crisis in the northern hemisphere has been a timely reminder that gas plays an important role in our energy mix. Strike's portfolio of acreage represents some of the lowest cost and cleanest gas to produce globally. Providing Western Australia with reliable and affordable gas from West Erregulla is nearing a reality. We remain focused on ensuring that West Erregulla Phase 1 continues to advance on time whilst maintaining the highest safety standard for our people and our contractors.

Whilst we are proud of what we have achieved in 2021, there is still much that needs to be delivered in our vision to become Australia's leading integrated energy, fertiliser and renewables company.

As I look to the end of this year and the year ahead we have a number of important activities. Our Managing Director, Stuart Nicholls, will talk more about these plans in his presentation. But I would like to touch on South Erregulla. SE-1 will be drilled in early 2022, and it's a prospect that we are excited about, as it has the potential to unlock Project Haber and deliver Australia's agriculture sector competitively priced urea at a lower carbon intensity compared to our existing

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imports. Australian farmers have felt the pain of international energy shortages and volatile shipping routes impacting urea pricing. Locally produced and competitively priced urea is critical to the success of Australian broad acre farming. Project Haber plays an important role in the domestication of this critical input and we hope to enter Front-End Engineering and Design ("FEED") in 2022 if successful at South Erregulla.

I'd like to take this opportunity to thank the Board for its ongoing guidance of the company. This year we introduced the Environmental Social and Sustainability Committee with membership from Nev Power and Mary Hackett. This committee plays an important role in implementing the Company's sustainability vision to develop gas assets that enable and support Australia's transition to a lower carbon future.

Our staff and contractors have demonstrated their resilience this year as they continue to strive for excellence in safety and project delivery, and I thank and congratulate all of these people for their commitment, and the results this commitment has delivered.

I would also like to thank Stuart Nicholls and his management team for their professionalism and stewardship of the company.

Finally, on behalf of the Board, I extend our thanks to all of shareholders for their ongoing support and continued confidence in the Company.

John Poynton AO

Chairman - Strike Energy Limited

MD's Address

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An Integrated Energy, Fertiliser & Renewables Developer	1
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Important notices

Summary information

This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 12th November 2021. The information in this presentation is of general background only and does not purport to be complete. onlyThe contents of this presentation should be considered in conjunction with Strike Energy's other announcements lodged with the Australian Securities

Exchange available at www.asx.com.au.

Not an offer

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.

useNot financial product advice

Reliance should not be placed on the information or opinions contained in this presentation. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Any decision to purchase or subscribe for any shares in Strike Energy Limited should only be made after consideration of your own objectives and financial situation, making independent enquiries and seeking appropriate financial advice.

personalPast performance

Statements about past performance provides no guarantee or guidance as to future performance, including in respect of the price of Strike shares.

Future Statements

Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth of Strike Energy Limited, industry growth, commodity or price forecasts, or other projections and any estimated company earnings are or may be forward looking statements. Forward looking statements can generally be identified by the use of words such as 'project', 'foresee', 'plan', 'expect', 'budget', 'outlook', 'schedule', ' stimate', 'target', 'guidance' 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' or similar expressions. Forward looking statements including all statements in this presentation regarding the outcomes of preliminary and definitive feasibility studies, projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as

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an indication or guarantee of future performance. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Strike Energy Limited. Actual results, performance, actions and developments of Strike Energy Limited may differ materially from those expressed or implied by the forward-looking statements in this document. Such forward-looking statements speak only as of the date of this document. Refer to the 'Summary of Key Risks' section of the release titled " Equity Raising and Corporate Update April 2021" released to ASX on 15 April 2021 for a summary of certain general, Strike Energy Limited specific and acquisition specific risk factors that may affect Strike Energy. There can be no assurance that actual outcomes will not differ materially from these statements. A number of important factors could cause actual results or performance to differ materially from the forward looking statements, including the risk factors referred to in this document. Investors should consider the forward looking statements contained in this document in light of those disclosures. To the maximum extent permitted by law (including the ASX Listing Rules), Strike Energy Limited and any of its affiliates and their directors, officers, employees, agents, associates and advisers disclaim any obligations or undertaking to release any updates or revisions to the information in this document to reflect any change in expectations or assumptions; do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

Information regarding Reserve and Resource Estimates

Information in this presentation relating to the Reserve and Resource Estimates for the West Erregulla Project is set out in the ASX announcement dated 11 October 2021 entitled "Strike delivers maiden Perth Basin gas reserve". Strike Energy interest is 50%. Strike Energy confirms it is not aware of any new information or data that materially affects the information included in the referenced announcement and that all the material assumptions and technical parameters underpinning the estimates in that announcement continues to apply.

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