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Strike Energy Limited, Quarterly Report for the Period Ending 30 June 2016

Key Achievements

Southern Cooper Basin Gas Project

- Klebb pilot upgrade – construction and commissioning successfully completed
- Klebb 3 - substantial increase in productivity
- Klebb 4 ESP performing well – step change in operating control
- Encouraging initial evaluation of shallow Epsilon coal

Strong Funding and Commercial Position

- Completion of $6.7 million capital raising
- Adelaide Brighton to join Strike’s gas customer group
- Cash on hand of $ 7.2 million at quarter end with funding in hand to advance the SCBGP project

Eastern Australian Gas Market

- Market prices move substantially higher

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