Strike Energy Limited is pleased to provide an update on operations at its Southern Cooper Basin Gas Project in PEL 96 (Strike 66.67% and Operator, Energy World Corporation 33.33%).

Program Status

Over the past 3 weeks, flow testing operations at the Klebb location have continued to be focussed on building production rates. Increases in pumping rates have been managed in a controlled manner and the response of the wells, confirmed by pressure data, water and gas production rates and other field information, has reinforced the effectiveness of this approach.

While the wells have not yet reached maximum water production rates, production performance to date has demonstrated encouraging results:

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