Strike Energy Limited provided an update on the drilling operations at the company's 100% owned South Erregulla target in EP503. Current Operations; SE1 has landed and cemented the surface casing string at 1,940m MD and Strike is now running in hole with a 12-1/4" drilling assembly to commence drilling the intermediate hole section. Forward Plan; Strike will drill ahead to section depth planned at 4,330m MD in the Carynginia Shale before running 9-5/8" casing and cementing it in place.

The intermediate hole section is being drilled with a full logging while drilling suite as several secondary horizons will be observed in this hole section.