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Strike Energy
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June 2025 Investor Presentation
| Stuart Nicholls | Page 1 of 11 |
March 21, 2026
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strike@strikeenergy.com.au ABN 59 078 012 745 www.strikeenergy.com.au 1, 40 Kings Park Rd, West Perth WA 6005 Strategic Review Outcomes • Strike is strongly positioned to support Western Australia’s energy transition and deliver value for Shareholders • Strike’s value is optimised as a vertically integrated energy company leveraging its leading position and strategically placed assets in the Perth Basin • Strike will refocus its asset portfolio to align to WA’s energy transition demands, exit non-core assets and retain flexibility across gas processing and gas-fired power development pathways to maximise value • Strike’s dispatchable gas-fired generation will play a critical role in supporting the continued penetration of renewable energy by firming the grid and ensuring system reliability during periods of low solar and wind generation • Strike will focus on delivering critical energy infrastructure in the near term to support Western Australia’s energy transition, including: o Deliver the 85MW South Erregulla Peaking Gas Power Station currently under construction o Progress the currently proposed 87 TJ/d upstream development of West Erregulla in conjunction with Hancock Energy o Progressing Ocean Hill as a low-cost, fast-to-market gas asset with proximal pipeline access and minimal processing requirements Strike Energy Limited (Strike - ASX: STX) is pleased to provide an overview of the recently completed Strategic Review. In the first quarter of this year, the Board, with the assistance of Oliver Wyman, commenced a Strategic Review with respect to the Company and its project portfolio with the objective of maximising value for all Strike shareholders in the near and longer term. This review has now been completed, delivering a clear, actionable strategy under new leadership and a restructured team. Recent policy announcements including the Australian Energy Market Operator (AEMO) Electricity Statement of Opportunity (ESOO), confirm the critical role of flexible, dispatchable gas-fired power and domestic gas supply in securing Western Australia’s energy transition. This demand confirms that Strike’s value is optimised as a vertically integrated energy company. With proven delivery capability and a portfolio of optimally located projects, Strike will deliver critical infrastructure aligned with the WA State Government’s recent $7 billion energy transition investment commitment. This will support long term energy security, decarbonisation and economic growth in Western Australia. Strike’s flexible, integrated model allows us to develop vertically integrated gas-fired electricity generation and domestic gas supply, selecting the development pathway that maximises value from our gas resource while contributing to WA’s long-term energy transition. To achieve the full potential of Strike’s assets and as a vertically integrated energy company, Strike will: ASX: STX The Company Announcement Officer ASX Ltd via electronic lodgement 26 th June 2025