Strike Energy Limited · ASX:STX
Strike Energy — DUG Australia 2014
15 slides from Strike Energy's conference presentation, Aug 27, 2014
Slide 1: DUG Australia
STRIKE ENERGY LIMITED DUG AUSTRALIA Royal International Convention Centre, Brisbane 27 August 2014
Slide 2: Company Overview: Corporate
Company Overview: Corporate Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration and production company. The company is focused on the development of a substantial gas resource in the Southern Cooper Basin to meet Eastern Australian gas market demand. Listing
Slide 3: Company Overview: Assets
Company Overview: Assets Australia, Southern Cooper Basin USA, Texas Moomba Permian Basin PEL 94 PEL 95 TEXAS CO2013-B PEL 96 Eagle Ford Shale 0 20 Kilometers Eaglewood JV (Louise field) SOUTHERN COOPER BASIN, AUSTRALIA TEXAS, USA Strike Energy Limited - Company Overview August 2014 3
Slide 4: Southern Cooper Basin Gas Project
SOUTHERN COOPER BASIN GAS PROJECT
Slide 5: Executive summary
Southern Cooper Basin Gas Project: Executive summary Large gas resource, direct access to infrastructure -> Eastern Australian gas markets High deliverability reservoir, production testing Q4 2014 Targeting initial 2P reserve certification in 2015 Strike Energy Limited - Company Overview August 2014
Slide 6: Favourable location
Southern Cooper Basin Gas Project: Favourable location Strike’s PEL 94, 95, 96 and CO2013-B permits are ideally located with direct access to infrastructure connecting to Eastern Australian gas markets. Moomba Permit STX working Operator interest Marsden 1 96 66.67% Strike 95 50% Beach Energy (50%)
Slide 7: Appraisal activities
Southern Cooper Basin Gas Project: Appraisal activities Three wells, Le Chiffre 1, Klebb 1 and Davenport 1 have been drilled in Strike’s permit areas, PEL 96 and PEL 94. Each well has been completed in the Patchawarra coals with a range of fracture stimulation treatments. The Vm3 seam in Davenport w
Slide 8: What have we observed?
Southern Cooper Basin Gas Project: What have we observed? In 2013 Strike drilled two appraisal wells in PEL 96, Le Chiffre 1 and Klebb 1, with the objective of obtaining core, log and other data. This was followed in June 2014 by well stimulation, completion, flowback and testing operations. Detaile
Slide 9: Reservoir modelling
Southern Cooper Basin Gas Project: Reservoir modelling The high net coal thickness (~65m net pay) and permeability drives high formation productivity. Cumulative gas Sensitivity to Permeability: Cumulative gas produced produced (per well) Bcf Modelling assumptions 4.5 Well spacing - 120 acres Gas sa
Slide 10: Development potential of the play
Southern Cooper Basin Gas Project: Development potential of the play These charts summarise the relationship between permeability, gas saturation and well recovery for Strike’s PEL 96 Phase One Area resource. This relationship has been established using standard industry reservoir models. PEL 96 - R
Slide 11: Development potential of the play
Southern Cooper Basin Gas Project: Development potential of the play Measured permeability at Le Chiffre 1 and Klebb 1 has fundamentally altered Strike’s understanding of the reservoir. The reservoir has demonstrated exceptional deliverability. At the same permeability, increasing gas saturation inc
Slide 12: Commercialisation program – next steps
Southern Cooper Basin Gas Project: Commercialisation program – next steps Activities Objectives Reserve certification Initial 2P reserves Reserve definition: Reserve delineation Drill additional wells Phase One Area Phase One area focus Phase 3 - Le Chiffre pilot: Drill and complete 2 offset wells P
Slide 13: Activities/milestones - target gas production
Southern Cooper Basin Gas Project: Activities/milestones - target gas production Appraisal well drilling, completion and initial flow testing have confirmed that the Patchawarra coals host a potentially large, low cost gas resource with high deliverability. Resource Target gas and reservoir Proof of
Slide 14: Opportunity Summary
Opportunity Summary World-scale resource market demand Appraisal program successfully completed Production testing next step in project development Potentially compelling economics Rapid commercialisation program key milestones 2014/15 Established path to market Successful commercialisation will del
Slide 15: Important Notice
Important Notice This presentation does not constitute an offer, invitation or Such statements relate to future events and expectations and as such recommendation to subscribe for, or purchase any security and involve known and unknown risk and uncertainties, many of which are neither this presentat