Strike Energy Limited provided an update on the West Erregulla Appraisal Campaign well on behalf of the EP469 Joint Venture. Since the last update, Strike has drilled the 26" surface hole section of WE4 down to 707m and is drilling ahead. During the previous period, a section of the Rig 970's mud system became inoperable and several days of downtime were observed whilst waiting for delivery of a replacement part. Outside of this unavoidable downtime, progress has been good, and drilling has been smooth. Upon announcement on the afternoon of the 31st of January 2021 that the West Australian Government was moving into a 5-day lock down /quarantine period, Strike mobilised all of the required personnel to site in order for the operations to continue without the need to stand down whilst quarantine was observed. Strike will complete drilling the 26" surface hole section to a nominal depth of 1,200m and will then proceed to case and cement the section before assessing the current personnel movement restrictions in the State and drilling ahead. 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. WE4 and 5 are designed to 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 and High Cliff sequences for the proposed Phase 1 production operations. The Wagina gas discovery made in WE2 will be appraised during WE4 & 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 (suspended). 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. The company operator and the holder of a 50% joint venture interest in EP469, and Warrego Energy a holder of the other 50% joint venture interest.