Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (October 2015)
19 slides from Strike Energy's shareholder meeting presentation, Oct 29, 2015
Slide 1: Chairman's Address and AGM Presentation
ASX Announcement 29 October 2015 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement CHAIRMAN’S ADDRESS AND AGM PRESENTATION Please find attached the following items which will be presented and discussed as part of the Annual General Meeting of the Company to be h
Slide 2: Chairman's Address
STRIKE ENERGY LIMITED CHAIRMAN’S ADDRESS For personal use only ANNUAL GENERAL MEETING – 29 OCTOBER 2015 Ladies and Gentlemen, In my address to shareholders as part of our 2014 Annual General Meeting, I adapted a Charles Dickens line from A Tale of Two Cities: ‘It was the worst of times. It is not ye
Slide 3: 2015 Annual General Meeting - Managing Director's Presentation
STRIKE ENERGY LIMITED For personal use only 2015 ANNUAL GENERAL MEETING Sydney, 29 October 2015 Managing Director’s Presentation
Slide 4: 2015 AGM: Strike Energy Limited
2015 AGM: Strike Energy Limited For personal use only 2015 Review Eastern Australian Gas Market Southern Cooper Basin Gas Project Update Strike Energy Limited - 2015 AGM Presentation 2
Slide 5: 2015 Key Highlights and Achievements
2015 Key Highlights and Achievements For personal use only Cooper Basin • Achieved sustained gas flows to surface at both the Klebb and Le Chiffre locations. • Initial contingent resource certification by leading international petroleum consultants DeGolyer and MacNaughton. • Klebb 2 and 3 frac prog
Slide 6: Eastern Australian Gas Market
For personal use only EASTERN AUSTRALIAN GAS MARKET
Slide 7: Eastern Australian Gas Market: 20-year total demand
Eastern Australian Gas Market: 20-year total demand Over the 20-year period from 2020 to 2040, 40 Tcf of gas will be required to meet demand. For personal use only Export LNG projects will create 75% of this demand. Domestic demand LNG Export demand (1) 10,000 PJ 30,000 PJ (1) Current LNG market for
Slide 8: Eastern Australian Gas Market: Gas supply cost curve
Eastern Australian Gas Market: Gas supply cost curve Strike’s analysis highlights the steepness of the East Australian gas supply cost curve. For personal use only The discovery and development of new large scale lower cost gas resources could substantially lower input costs for gas users by substit
Slide 9: Eastern Australian Gas Market: Focus moving to cost of supply
Eastern Australian Gas Market: Focus moving to cost of supply Dramatic changes in the Eastern Australia gas demand profile have been driven by construction of six LNG trains at Gladstone. These trains will For personal use only account for 30 Tcf of the 40 Tcf demand profile over the next twenty yea
Slide 10: Southern Cooper Basin Gas Project
For personal use only SOUTHERN COOPER BASIN GAS PROJECT
Slide 11: Strike's Project: Gas resource
Strike’s Southern Cooper Basin Gas Project: Gas resource For personal use only 2C Moomba Prospective Contingent Resource Resource* PEL 96 4,492 Bcf* Marsden 1 PEL 96 Phase 1,123Bcf* 104 Bcf One Area PEL 94 PEL 95 Davenport 1 STX 35% STX 50% Mount Isa Le Chiffre 1 Gladstone Klebb production testing a
Slide 12: Project: Target supply cost
Southern Cooper Basin Gas Project: Target supply cost Strike’s Southern Cooper Basin Gas Project has the potential to be a low cost gas producer. Achieving commercial gas flow rates is an early objective of the For personal use only current test program. This is a ‘gateway’ to the commencement of pr
Slide 13: Project: Strike's strategic objectives
Southern Cooper Basin Gas Project: Strike’s strategic objectives The reservoir characteristics of the Southern Cooper Basin Gas Project, together with the multi-Tcf size of the prospective resource, have under- For personal use only pinned Strike’s strategic objectives for the Project. Strategic obj
Slide 14: Project: Klebb pilot test program
Southern Cooper Basin Gas Project: Klebb pilot test program For personal use only K3 K1 K2 Current program achievements Successfully drilled, completed and fracced three wells Sustained gas flows to surface Klebb 2 and 3 acting as ‘shield’ wells to constrain water recharge to Klebb 1 drainage area I
Slide 15: Project: Phase Program Current Status
Southern Cooper Basin Gas Project: Phase 3 Program Current Status For personal use only The Klebb pilot wells have now proven that reservoir pressure (although still relatively high on average) has been reduced to the point where gas flows are starting to rapidly build. Therefore, as consistent and
Slide 16: Project: PEL Commercialisation Strategy
Southern Cooper Basin Gas Project: PEL 96 Commercialisation Strategy Objective For personal use only Increased Infill wells reserves and resources Commence Q1 2016 Objective Funding (1) Le Chiffre pilot wells + testing Demonstration Phase 4 Continue Klebb pilot production project & production Planni
Slide 17: 2015 moving to 2016
2015 moving to 2016 For personal use only 2015 ACHIEVEMENTS 2016 GOALS • Technical proof of concept • Commercial proof of concept • Sustained gas flows • Commercial gas flows • Reserve certification • Commence pre-development activities Strike Energy Limited - 2015 AGM Presentation 15
Slide 18: Important Notice
Important Notice This presentation does not constitute an offer, invitation or recommendation Contingent Resource Estimate For personal use only to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. D
Slide 19: Competent Persons Statement
Competent Persons Statement For personal use only The information in this presentation that relates to the PEL 96 contingent resources estimate has been taken from the independent reports as prepared by DeGolyer and MacNaughton, a leading independent international petroleum industry consultancy firm