June 2015 Investor Presentation

› Growing Production Profile› Low Cost / High Margin Oil› Accelerating Exploration Programme› Multiple Price Catalysts› New Technology on Proven Fields › 100% Strata-X Owned› Potentially Explosive Growth

Investor UpdateJune 2015

Tim [email protected]

TSX.V: SXEASX: SXA

Themes

Strata-X Energy Ltd. TSX:SXE ASX:SXA2

Forward Looking Statements

These factors are not, and should not be construed as being, exhaustive. In addition, information relating to "reserves" or " resources" is deemed to be forward-looking information, as it involves an implied assessment, based on certain estimates and assumptions that the reserves and resources described can be profitably produced in the future. The forward-looking information contained in this presentation are expressly qualified by this cautionary statement. The Company does not undertake any obligation to publicly update or revise any forward-looking information after the date of this presentation to conform such information to actual results or to changes in the Company’s expectations except as otherwise required by applicable Canadian securities legislation.

Certain information contained in this presentation constitutes “forward-looking information” within the meaning of applicable Canadian securities legislation. The use of any of the words "anticipate", "continue", "estimate", “intend”, “potential”, "expect", "may", "will", "project", “proposed”, "should", "believe" and similar expressions are intended to identify forward-looking information. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. In addition, this presentation may contain forward-looking information attributed to third party industry sources. The Company believes that the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this presentation should not be unduly relied upon. Such information speaks only as of the date of this presentation or such other date indicated herein.

• expectations regarding growth of the Company;• the timing and location of drilling or other operational activities;• oil and natural gas production estimates and targets; • oil and natural gas production levels and sources of their growth;• estimates of resource potential of targets, including without limitation, statements

regarding BOE/d production capabilities; • quantity of reserves and resources relating to the Company and its assets and its

value;• capital expenditure programs and estimates relating to timing, cost and cash flow

generation related to these programs;

• size of the Company’s oil and natural gas reserves and resources;• the performance characteristics of the Company’s oil and natural gas properties;• projections of market prices for oil and natural gas and exploration, development

and production costs;• supply and demand for oil and natural gas;• expectations regarding the ability to raise capital and continually add to reserves

through exploration and development and, if applicable, acquisitions;• treatment under governmental regulatory regimes and tax laws, and;• the use of financing funds by the Company.

• timing and ability of the Company to obtain all necessary environmental and regulatory approvals relating to operations;

• the recoverability of the Company’s oil and natural gas reserves and resources;• interest rates;• exchange rates and the futures prices of oil and natural gas;• operating and capital costs;

• the Company’s ability to generate sufficient cash flow from operations and to access capital markets to meet its future obligations;

• the Company’s ability to attract and retain qualified personnel; • the ability of the Company to successfully market its oil and natural gas products

and the continuing strong demand for oil and natural gas; and• stability of general economic and financial market conditions;

With respect to forward-looking information contained in this presentation, the Company has made assumptions regarding, among other things:

In particular, this presentation contains forward-looking information pertaining to the following:

• volatility in market prices for oil and natural gas; • liabilities inherent in oil and natural gas operations; • uncertainties associated with estimating oil and natural gas reserves and resources; • risks and uncertainties associated with the Company's oil and natural gas and

development program; • competition for, among other things, capital, acquisitions of reserves, undeveloped

lands and skilled personnel; • incorrect assessments of the value of acquisitions and exploration and development

programs; • adverse claims made in respect of the Company’s properties or assets;• failure to engage or retain key personnel;• geological, technical, drilling and processing problems, including the availability of

equipment and access to properties;• risks and uncertainties relating to hydraulic fracturing and the enactment of, or

changes to, regulations and legislation in relation to hydraulic fracturing;

• imprecision in estimating capital expenditures and operating expenses;• the expiry of leases and the loss of drilling prospect due to the expiry of leases;• fluctuations in foreign exchange interest rates and stock market volatility; • general economic and business conditions in North America and elsewhere;• environmental risks and hazards;• risks inherent in the exploration, development and production of oil and natural gas

which may create liabilities to the Company in excess of the Company’s insurance coverage, if any;

• uncertainties associated with changes in legislation including, but not limited to, changes in income tax laws and to oil and natural gas royalty frameworks;

• ability to obtain regulatory approvals; • risks and uncertainties associated with liquidity and capital resources and

requirements; and• other factors referenced at “Risk Factors’ in the Company’s prospectus.

The Company's actual results could differ materially from those anticipated in such forward-looking information as a result of the risk factors set forth below and in the Company’s annual information form dated September 25, 2014:


Strata-X Energy is a TSX.V / ASX dual listed company

Management Ownership

TSX.V Shares: 57,238,623

ASX Listed CDIs: 99,346,354

Total Shares: 156,584,977

Incentive Options: 6,570,000

Market Cap: (Assumes AUD$0.12) AUD$18.7 million

Cash Position: (31-3-15) AUD$1.83 million

Overheads: USD$96,000/month

52 week High: AUD$0.36

52 week Low:

AUD$0.10

Current: AUD$0.11

Ron PrefontaineChairman

10%

Tim HoopsManaging Director

7%

Production: 75 bopd

Reserves:Resources:

1.37 mmbbl (2P)1

113 mmbbl Prospective Resource2

ASX disclosure note - 5.28.2 - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.

1) Petroleum Reserve figures are from a report prepared by Chapman Petroleum Engineers Ltd (1 April 2015) following analysis of the available technical data including the geological and geophysical interpretation presented to them by Strata-X, information from relevant nearby wells or analogous reservoirs and the proposed program for the project. Information originally appeared in the news release by the Company dated 6 April 2015 (DS-3). Include Petroleum Reserves state in the Company's FYE 2014 Petroleum Reserves Report. See Disclaimer at the end of this presentation.2) Prospective Resources figures are from reports prepared by Chapman Petroleum Engineers Ltd (May 2014) and AWT (Strata-X prospectus 2013) following analysis of the available technical data including the geological and geophysical interpretation presented to them by Strata-X, information from relevant nearby wells or analogous reservoirs and the proposed program for the project. (DS-1, 2) See Disclaimer at the end of this presentation.


Low Risk Opportunities

Upcoming Drilling

Intend to Boost Reserves Ahead of Production

Blue Spruce Discovery Continue Development of 1.2 mmbbl field (P2 Reserves)1

Drill 2 Development WellsLingle Development Development Ahead of Drilling 23.6 mmbbl resource

(net Estimated Prospective Resource) 2

After a thorough geological review of the following prospects, which review was similar to that undertaken on the Blue Spruce project prior to drilling, the Company aims to achieve the following results on new vertical Illinois prospects.

Oak Prospect Drill By-passed Pay 11 mmbbl Target3 – 3 Potential Segments Red Oak Potential 3 mmbbl Target3

Black Oak Potential 4 mmbbl Target3

Burr Oak Potential 4 mmbbl Target3

Maple Prospect Drill By-passed pay 1.6 mmbbl Target3

Aimed Achievements with this drilling3: Increase 2P Reserves – adding 3 to 6 mmbbl 2P

Increase Production to ~200 bopd

Increase NPV (10%disc) to USD$100 to $175mmImproving the probability of success in the Lingle Resource

1) DS-3 (See Disclaimer at the end of this presentation)2) DS-1, DS-2 (See Disclaimer at the end of this presentation)3) Figures are Company generated guidance only and do not represent Reserves or Resources.


Illinois Basin Key Attributes

› 100% of ~46,600 net acres

› Immediate multi-well program targets additional low risk “By-passed Pay” oil field discoveries which can be developed profitability at oil prices as low as $25/bbl1

› Existing infrastructure – 30 days discovery to production

› High probability of success due to good well control

› Low Cost – Shallow – Turnkey drilling

› Opportunity by applying new technology in known oil fields

Low Cost High Margin Low Risk

Strata-X focus area

Map Ref: USGS

1. Type Well economics figures are from reports prepared by Chapman Petroleum Engineers Ltd (October 2, 2014) following analysis of the available technical data including the geological and geophysical interpretation presented to them by Strata-X, information from relevant nearby wells or analogous reservoirs and the proposed program for the project. This information originally appeared in a Company News Release dated 2 October 2014. (DS-4) See Disclaimer at the end of this presentation.


What We Have Achieved

› Significant Ground Positions – Strategic 46,600 net acres

› Confirmed first “By-passed Pay” Oil Field• 1.2 mmbbl net oil1

• 12 additional follow-up projects with comparable attributes• Production Wells to cost $250k to $300k each

› Confirmed first Horizontal Success• Significantly de-risked project• 300 bopd Initial Production• Prospective Resources to be proven ~ 23.6 mmbbl

(net recoverable)2

› Basis for the future• Resources to increase• Production to increase

Concept Proved: Reserves to Increase and Production to Follow

Workover Rig on Burkett 5-34HOR

1) DS-3 (See Disclaimer at the end of this presentation)2) DS-1, DS-2 (See Disclaimer at the end of this presentation)


Illinois Basin – Cooper Basin Murta Zone Comparison

Conventional – Low Risk Drilling with Similar Attributes

Illinois Basin Cooper Basin2

Oil Type Light Oil 38 Gravity Light Oil

Drilling Depths 900 m 1,200 m

Success Rate > 75% 45%

Payback 9 mo1 18 mo

Infrastructure Excellent Good

Transportation Expense $3/bbl1 US$10/bbl

Time to first revenue 30 days from Completion 45 days from Completion

Royalties 15% 11%

Total Operations Costs $18/bbl1 US$35/bbl

1) DS-4 (See Disclaimer at the end of this presentation)2) Management assumptions and data from Cooper Energy Presentation titled FY2015 Half Year Results


Illinois Basin ‘By-passed Pay’ Oil fields – What We Intend To Do

› New advanced mapping has thus far identified 12 potential “By-passed Pay” projects

› Less than 20% of the PIIP has been recovered by primary production methods

› Waterfloods have been proven in Illinois to recover more than 40% of the PIIP

› New polymer waterfloods have the potential to unlock an additional 20% of the PIIP

› Drilling Oak and Maple prospects aim to achieve an additional 3 to 6 million bbl 2P1

› Each additional project aims to add 1+ million bbl 2P with finding cost of ~USD$300k per well1

Multi-well program to delineate low cost, low risk oil in “By-passed Pay” Oil Fields

Simple Programme with High Chance of Success

Potential upside of 10 to 12 million bbls producing 6000-7000 bopd once fully developed1

Significant Upside Potential

1) Figures are Company generated guidance only and do not represent Reserves or Resources.


How do we intend to do it?

› More than 10,000 wells have been drilled in the prospect area, most 50+ years ago using primitive techniques

› Numerous robust fields were found but many smaller, yet highly economic accumulations were over looked at the then prevailing low oil prices•More than 1.5 billion barrels have been produced

in the immediate area from target formations.

› Risk evaluation costs is only USD$175,000 for each of these “By-passed Pay” accumulations

› Probability of Success is high due to the good well control from historic drilling

› First Attempt – Blue Spruce is Successful• 1.28 mmbbl 2P Reserves net to Strata-X1

• Anticipate 600 bopd peak production1

• $53.4 mm NPV (10% disc, before tax)1

“By-passed Pay” Oil Fields

New Techniques New Technologies New Production

1) DS-3 (See Disclaimer at the end of this presentation)


Illinois Basin – Large Upside in the Lingle Oil Field

› Established Large Oil Accumulation• Over 100 historical wells define the field• > 1 billion bbl PIIP• 236 mmbbls PIIP net to Strata-X acreage 1

•23.6 mmbbls Prospective Resource recoverable net

The Upside Case is Explosive: Concept Proof Underway

5-98 BOPD

OCM

OCM

368 MBO

4-28 BOPD

Gas

G & OCMG & OCM

236 MBO

Numerous O, G & OCM

16-70 BOPD

60-199 BOPD

Gas

10 miles

Not to scale

First 7 stage stimulated ‘Proof of concept’ wellreached over 300 bopd

First appraisal well:15 stage stimulated

horizontal well,8 mile step out

› First ‘proof of concept’ reaches over 300 bopd

› Expect better results from first appraisal well

› Payback of less than a year is anticipated in subsequent wells

Phase 1

› Large step out to prove reservoir exists over a wide area

› Will allow for reclassification of reserves

Phase 2

› Continuous Drilling Program• Certification of Reserves• Costs efficiencies

Phase 3

1) DS-1, DS-2 (See Disclaimer at the end of this presentation)

Phase 2

Phase 1


Illinois Basin Pathways

We Expect to Deliver Reserves Growth and Production

Blue Spruce Red Oak Maple

› First well – Success

› 2P – 1.2mmbbls discovered2

› Next drilling beginning July 2015

› 2nd prospect test

› Aimed result to discover 3 mmbbl3

› 3rd Prospect Test

› Aimed result to discover 1.6 mmbbl 3

Aux Vases – “By-passed Pay” Oil Fields

Burkett 5-34HOR Next Raccoon Creek Lateral

› First ‘proof of concept’ horizontal test reached over 300 bopd

› Expect better results from Raccoon Creek appraisal well

› Drill vertical Raccoon Creek pilot hole to test regional extent of Lingle oil field

› 2x longer then Burkett 5-34HOR

› Drill Horizontal to improve on initial results

› Contingent on pilot well results

Lingle Oil Field – 23.6 mmbbls net accumulation1

1) DS-1, DS-2 (See Disclaimer at the end of this presentation)2) DS-3 (See Disclaimer at the end of this presentation)3) Figures are Company generated guidance only and do not represent Reserves or Resources.


June July Aug Sept

Lingle Oil Field

Horizontal Burkett 5-34HOR

Vertical Raccoon Creek

Aux Vases – ‘By-passed Pay’

Blue Spruce #1

Blue Spruce #2

Blue Spruce #3

Blue Spruce #4

Red Oak

Black Oak

Burr Oak

Maple

Production

Production

Illinois Basin – Opportunity

Multiple Opportunities for Self Funded Growth Within 1 year

Drill

Production

Production

Drill

Drill

Drill

Drill

Drill

Drill

Drill

ContingentPlanned Potential

Production

Test

Production

Production


Illinois Basin – Elements for Success in Place

› Proven Leadership and Management Team

› Large land base to develop with multiple horizons

› Multiple Light Oil Targets• Low Risk “By-passed Pay” oil fields – 12 projects identified - each aiming to result in 1+

million bbls net2 discoveries

• Large resource with Lingle Oil Field Project - 236 million barrels Prospective Resource PIIP net1 in Illinois Basin• High Probability of Success due to historic well control and modern methods

› Low finding costs and fast payback

› Performance to date• Established large land holding• Developed significant database and first mover advantage• Commercial oil found on each test to date

Elements in Place for Success

In Summary, a Great, Well Leveraged Opportunity

1) DS-1, DS-2 (See Disclaimer at the end of this presentation)2) Figures are Company generated guidance only and do not represent Reserves or Resources.


Illinois Basin – Summary

Targeted Results1

• Increase 2P In 6 months = 3 to 6 mmbbl1

• Increase Production In 6 months= 200 bopd1

• Increase NPV in 6 months= $ 100 to 175 million1

Elements in Place for Success

In Summary, a Great, Well Leveraged Opportunity

“And this, from the team which has previously founded, built and sold two hydrocarbon companies for $3.6 billion and $500 million respectively within two years of each other.We want to do it again.”

1) Figures are Company generated guidance only and do not represent Reserves or Resources.


Definitions

1P = Proven Reserves

2P = Proven + Probable Reserves

BBL = Barrels

MMBBL = Million Barrels

BOPD = Barrels of Oil per Day

PIIP = Petroleum Initially In Place

NVP = Net Present Value

Waterflood = water is injected into the reservoir, usually to increase pressure and thereby stimulate production

Proven Reserves = reserves claimed to have a reasonable certainty (normally at least 90% confidence) of being recoverable under existing economic and political conditions, with existing technology

Probable Reserves = reserves which are estimated to have a better than 50% chance of being technically and economically producible


DisclaimersDS-1 The information in this Presentation that relates to Prospective Resources that was originally prepared and published by AWT International dated 18 December 2012. The information was published in Strata-X Energy Ltd’s “Prospectus 2013” (available online at www.strata-x.com), as part of the Companies 2013 Australia Securities Exchange Initial Public Offering. It is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of Doug Barrenger (“JORC Competent Person”) employed by AWT International and is independent of Strata-X Energy Ltd. At the time of the Prospectus 2013 issuance Doug Barrenger was an employee of AWT International and a member of the Petroleum Exploration Society of Australia (PESA) amongst other professional petroleum organizations. AWT International consented to the inclusion of the information as it originally appeared. As of the issuance of this document Strata-X Energy Ltd management is not aware of any material information that would change the results of the AWT International report as published in the Prospectus 2013. Figures shown reflect Strata-X’s economic interest (US Dollars) net of royalty or other burdens and were generated using the deterministic method. The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. Figures stated were pro-rated as of 31 May 2015 to the Company’s current leasehold/tenement interest.

DS-2 The information in this Presentation that relates to Prospective Resources that was originally prepared and published by Chapman Petroleum Engineers Ltd. and dated 21 March 2014 and published on Strata-X Energy Ltd’s website in a News Release dated 24 March 2014 to meet the Company’s ongoing disclosure requirements (available online at www.strata-x.com). It is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of Charles Moore, employed by Chapman Petroleum Engineers Ltd. and is independent of Strata-X Energy Ltd. At the time of the Chapman Petroleum Engineers Ltd. report dated 21 March 2014, Charles Moore was an employee of Chapman Petroleum Engineers Ltd. and a registered Professional Engineer in the Province of Alberta, Canada amongst other professional petroleum organizations. Chapman Petroleum Engineers Ltd. and Charles Moore consented to the inclusion of the information as it originally appeared. As of the issuance of this document, Strata-X Energy Ltd management is not aware of any material information that would change the results of the Chapman Petroleum Engineers Ltd. report as published in the this presentation. Figures shown reflect Strata-X’s economic interest (US Dollars) net of royalty or other burdens and were generated using the deterministic method. Figures stated were pro-rated as of 31 May 2015 to the Company’s current leasehold/tenement interest.

DS-3 The information in this Presentation that relates to Reserves Report that was originally prepared and published by Chapman Petroleum Engineers Ltd. and dated 1 April 2015 and published on Strata-X Energy Ltd’s website in a News Release dated 6 April 2015 to meet the Company’s ongoing disclosure requirements (available online at www.strata-x.com). It is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of Charles Moore, employed by Chapman Petroleum Engineers Ltd. and is independent of Strata-X Energy Ltd. At the time of the Chapman Petroleum Engineers Ltd. report dated 1 April 2015, Charles Moore was an employee of Chapman Petroleum Engineers Ltd. and a registered Professional Engineer in the Province of Alberta, Canada amongst other professional petroleum organizations. Chapman Petroleum Engineers Ltd. and Charles Moore consented to the inclusion of the information as it originally appeared. As of the issuance of this document, Strata-X Energy Ltd management is not aware of any material information that would change the results of the Chapman Petroleum Engineers Ltd. report as published in the this presentation. Figures shown reflect Strata-X’s economic interest (US Dollars) net of royalty or other burdens and were generated using the deterministic method. Figures stated were pro-rated to the Company’s current leasehold/tenement interest.

DS-4 Prospective Resource information cited in this Presentation for the vertical well economics are Prospective Resources, per an independent third party report effective 2 October 2014 (“Report”) from Chapman Petroleum Engineering Ltd. (“Chapman”) who's author, Charles Moore, a registered Professional Engineer in the Province of Alberta, Canada, consented to the inclusion of the information as it originally appeared and information relating to the Prospective Resource is based on, and fairly represents, information and supporting documentation prepared by Strata-X and reviewed by Charles Moore. There is no certainty that stated resources will be commercially viable to produce any portion of the resources. The Report reviewed only Prospective Resources as the project is not sufficiently developed to assign Contingent Resources or additional Petroleum Reserves to it. Figures shown reflect Strata-X’s economic interest (US Dollars) net of royalty or other burdens and were generated, using the deterministic method. Forecasted figures were derived using forward commodity strip pricing, regional drilling, completion and production expenditures and applicable production taxes. Strata-X is the title holder of the tenement/leases held covering the Copper Mountain Oil Project which were subject to the Report.

June 2015 Investor Presentation

Investor Relations

forwardlooking information

certain information

natural gas reserves

natural gas expectations

companys oil

targets oil

natural gas production

companys expectations