锟� All regulatory approvals received to drill Walyering West-1 exploration well.
锟� Well pad construction has commenced.
锟� Walyering West-1 expected to spud by mid-April.
Strike Energy Limited is pleased to confirm that it has received all regulatory
approvals required to commence drilling of the Walyering West-1 exploration well, located in
Production Licence L 23 (100% net to Strike) in the Perth Basin.
Well pad construction activities have commenced, with spud of Walyering West-1 expected by
mid-April 2026.
Walyering West-1 is located
approximately 2 kilometres west of
the producing Walyering-5 gas well
and is designed to test a gross 2U
Prospective Resource of 46 PJ1
within the A to D Sands of the
Cattamarra Formation. On
success, Walyering West-1 will be
tied into the Walyering Gas
Processing Facility located
approximately 3 kilometers to the
northeast.
Prospective Resource Estimate
Information & Cautionary
statement: The above estimated
quantities of petroleum that may
potentially be recovered by the
application of a future exploration
and development project(s) relate
to undiscovered accumulations.
These estimates are un-risked,
probabilistically determined, and
have both an associated chance of
discovery of 26% and a chance of
development estimated to be 90%.
Further exploration, appraisal and evaluation is required via drilling and testing to determine the
existence of a significant quantity of potentially moveable hydrocarbons.
As of 31 January 2026, Strike has approximately 19.6 PJ of gas remaining to be supplied under its firm Gas Supply Agreements2 . Following the expiry of the Alinta Energy contract on 31 December 2025, and whilst gas market conditions remain favourable for gas purchases, Strike
reduced production at Walyering to approximately 10 TJ/day and satisfied the remainder of its
firm gas supply obligation via third party gas purchases. Strike will continue to supplement gas
production with third party gas purchases pending the outcome of Walyering West-1 and whilst
gas market conditions remain supportive.
A successful outcome at Walyering West-1 would support a return to higher sustained
production rates from the Walyering field with the potential to pursue additional gas marketing
opportunities.
Further updates will be provided as drilling progresses.
About the Walyering West-1 Exploration Campaign
The Walyering West-1 well is located at Lat: 30锟� 43' 40.0054" S, Long: 115锟� 27' 0.2201" E. The well
is targeting Jurassic aged conventional sandstone reservoirs within a fault bound, 4-way dip
closure.
This announcement is authorised for release by the Managing Director and Chief Executive
Officer in accordance with the Company锟絪 Continuous Disclosure Policy.