ASX Announcement

13 January 2017

The Company Announcement Officer ASX Ltd

via electronic lodgement

US Operations Update

Strike Energy Limited (ASX:STX) ("Strike") is pleased to confirm that the sale of the Group's remaining production assets in the United States (as previously announced to the ASX on 30 December 2016) has now closed with an effective date of 1 January, 2017. As a consequence, the Group has fully divested its remaining United States production and exploration acreage.

In disposing of these residual production assets, the Group has reduced its current indebtedness (by approximately $US 2.4 Million) while also relieving itself in full of all future restoration and rehabilitation obligations that may arise in respect of these assets. The net gain on disposal (estimated on a preliminary basis) to be recognised at 31 December 2016 is approximately $US 2 Million.

Sean Mcguinness CFO and Company Secretary

Strike Energy Limited ABN 59 078 012 745

P: +61 2 9195 5600

120B Underwood Street, Paddington NSW 2021

www.strikeenergy.com.au

E: strike@strikeenergy.com.au

Strike Energy Limited published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 January 2017 03:29:02 UTC.

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