Strike Energy (STX) Investor presentation summary

Company overview and strategy

• Leading independent energy company focused on Perth Basin gas, with a $414m market cap and 3.6b shares on issue.

• Portfolio includes producing, development, and exploration assets, providing multiple value drivers.

• Material reserves and resources base of 2,064 PJe underpins future growth.

• Exposure to the Western Australia domestic gas market with a refreshed leadership team.

• Positioned for transformational production growth through future development projects.

Asset portfolio and development pipeline

• Key assets include Walyering (producing), West Erregulla (development), South Erregulla (appraisal), Ocean Hill, and Kadathinni (exploration).

• Operator in all permits, with significant exploration upside and infrastructure advantages.

• West Erregulla targets 251 PJ net 2P reserves, with first gas expected early to mid-2029.

• South Erregulla features an 85 MW peaking power plant, currently in final commissioning phase.

• Walyering is producing ~13 TJ/d, targeting 20 TJ/d, with $52m annual revenue under firm offtake agreements.

Market outlook and financials

• WA gas market expected to face a structural shortfall beyond 2030, supporting strong gas pricing.

• Electricity market trends show rising demand and prices, with coal exits by 2030 increasing need for flexible generation.

• Multiple revenue streams: gas sales, electricity sales, and capacity credits, with significant growth potential by 2029.

• Funding pathway includes a $30m Hancock-funded pre-FID loan and a $30m Macquarie facility.

• Large-scale freehold land (3,500 ha) enables co-location of energy, renewables, and digital infrastructure.