Strike Energy Limited provides an update on the drilling operations at the company's 100% owned South Erregulla target in EP503. Mobilisation of the Ensign 970 drilling rig has been completed and the rig is ready to commence drilling operations at the SE1 well. Minor delays have been encountered to the spud of the well whilst Strike and Ensign mobilised the required personnel into quarantine prior to border closures in Western Australia at the end of 2021. These staff on clearance are expected to commence full duties and spud SE1 towards the end of this week. Additional preparatory activities for spud will be carried out in lead up to commencement of full operations in order to ensure a timely execution of the proposed drilling program. South Erregulla is located in the 100% Strike owned EP503 which adjoins EP469 where Strike as operator has made a large, high quality conventional gas discovery at West Erregulla. SE1 lies less than 5km to the South of the nearest successful West Erregulla intersection. South Erregulla has significant resource potential with a high chance of success due to the strong data control over the area (wells and seismic), consistent regional
geological outcomes in the Kingia Sandsrtones and recent identification of updip connectivity.