Strike Energy Limited announced that it has revised the Gas Sales Agreement entered into with Orora Limited in 2014 to better align the GSA with Strike's revised development strategy for its Southern Cooper Basin Gas Project in PEL 96. Pursuant to the revised GSA, Orora will have the option to purchase 45PJ of gas to be produced from the PEL 96 permit area, at 4.5PJ per annum over a 10 year term, commencing on or after 1 January 2020. Orora's option remains conditional on the PEL96 Joint Venture making a final investment decision on a commercial project within PEL 96, but with the threshold project size being the planned Phase 1 50TJ/day project.

The revised option has been agreed on terms that support the commercial development of the SCBGP.