STX: West Erregulla Update

19th April 2021
	ASX: STX The Company Announcement Officer ASX Ltd via electronic lodgement

West Erregulla Update

• WE4 drilling operations complete with 'rig down' underway.
• Preliminary core data confirms high quality nature of Kingia Sandstones.
• Flow testing equipment mobilising to site with flow test expected to occur in early May.

Strike Energy Limited (Strike - ASX: STX) provides an update on the West Erregulla 4 well on behalf of the EP469 Joint Venture.

Current Operations

Since the last update, Strike completed the wireline campaign and successfully retrieved further pressures and samples to surface. After conditioning the hole, the 5-1/2" production casing was run to the bottom of the hole which had a final measured depth of ~5,060m. The casing has since been cemented in place and the well head and xmas tree has now been installed. Pack down of the rig has subsequently commenced.

Initial core data has started to be analysed in the laboratory with preliminary views confirming the high-quality of the Kingia Sandstone observed in both the LWD and wireline data. Further data and analysis from the coring including the advanced logging operations will become available in the coming weeks.

Kingia Sandstone from WE4 at 4,903m

Forward Plan

Strike is now commencing the pack down of the rig and will start to move equipment onto the WE5 lease for the impending spud of the final appraisal well. The flow testing equipment for the upcoming WE4 flow test has commenced mobilising to site, with the flow test being scheduled to commence in early May and be conducted over approximately a 5-day period.

About the West Erregulla Appraisal Campaign

Three appraisal wells will be drilled in the West Erregulla field, which is located in EP469. The appraisal wells will be drilled down to ~5,000m. West Erregulla 4 (and 5) will appraise the reservoir distribution in the central fault block. After various coring and logging operations the wells will be flow tested (on success) and completed as future producers across the Kingia / High Cliff sequences for the proposed Phase 1 production operations. The Wagina gas discovery made in West Erregulla-2 will also be appraised during West Erregulla 4 & 5.

The West Erregulla wells are to be executed at the following coordinates:

• West Erregulla 3: 29° 22' 40.79" S, 115° 18' 30.70" E
• West Erregulla 4: 29° 25' 8.89" S, 115° 19' 18.15" E
• West Erregulla 5 (proposed): 29° 24' 1.72" S, 115° 18' 27.17" E

Strike Energy Limited operator and the holder of a 50% joint venture interest in EP469, and Warrego Energy (ASX: WGO) a holder of the other 50% joint venture interest.

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	Investor & Media Contacts
Stuart Nicholls	Paul Ryan (Citadel-MAGNUS)
Managing Director & CEO	Phone: [phone]
Email: [e-mail]	Email: [e-mail]

West Erregulla Gas Field & Well Locations in EP469