PEL 96

Aspreviously mentioned, the ‘Elephant in EWC’s room’ is PEL96 (33% EWC, 66% STX).

Strike’s 12 October, 2018 Update is very bullish and has led to an immediate reversalin its share market depth (2:1 against to today’s 40% more buying) with the price increasing12%  so far today.  The most striking (!!!) comments for EWC shareholders can be found on pages 8 and  9:  Jaws will imminently hit critical desorption pressure, driving the beginning of gas production..... Jaws is the enabler for a multi-billion dollar resource (2+TCF for EWC and 4+TCFto Strike) to make its way to market.... The well design for commercial success is technically feasible.  On booking of a reserve, Strike will be set to move the SCBGP (ie. PEL96) into development during 2019.