Strike Energy Limited provided an update on its operations at the 100% owned and operated permit EP506 - Eneabba Deep as part of its previously announced Gas Acceleration Strategy. Strike has received all regulatory approvals required to commence the 128 km of 2D seismic for the Eneabba Deep campaign. Terrex Seismic has mobilised and Strike expects acquisition to commence in the next 7-10 days and take 3-weeks.

Strike is likely to receive a processed volume of the seismic in approximately 6-weeks post-acquisition and upon interpretation, Strike may identify a well location for exploration drilling as part of its `opportunity reloading' post the successful West and South Erregulla and Walyering drilling campaigns. successful West and South Erregulla and Walye With its proximity to the 100% owned Ocean Hill gas discovery, and subject to successful exploration drilling, Eneabba Deep represents an opportunity for inclusion in a regional development or alternatively to feed the immediately adjacent industrial demand where Iluka is currently constructing a rare earth refinery.