Strike Energy Limited ABN 59 078 012 745 18 January 2012

The Company Announcement Officer, ASX Limited

via electronic lodgement

UNDERWRITING OF ENTITLEMENT OFFER

Strike Energy is pleased to advise that it has secured $2 million of unconditional underwriting commitments in respect of the current Entitlement Offer. The company has already received Entitlement Offer acceptances and pre- commitments from major shareholders of approximately $1.1 million. In the context of the current volatile equity markets, Strike is very pleased to have funding certainty in respect of the remainder of the ~$3.1 million being sought through the Entitlement Offer. Strike will incur underwriting fees of 5%.
Yours faithfully
DAVID WRENCH Managing Director

Further information:

Strike Energy Limited

David Wrench - Managing Director

T: 61 2 8261 1000

E: strike@strikeenergy.com.au

OUR STRENGTHS

Quality Assets

Experienced Team

Major Growth Potential

Strike Energy Limited Ground Floor, 10 Ord Street West Perth WA 6005

T: 61 8 6103 0999

F: 61 8 6103 0990

E: strike@strikeenergy.com.au www.strikeenergy.com.au

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Entitlement Offer Underwriting