Strike Energy Limited · ASX:STX

Strike Energy — Strike Oil — Excellence in Oil and Gas conference 2009

18 slides from Strike Energy's conference presentation, Apr 6, 2009

  1. Slide 1: ASX Announcement: Excellence in Oil and Gas presentation

    ASX Announcement ASX Code: STX 6 April 2009 Strike Oil Limited ABN 59 078 012 745 The Company Announcement Officer Australian Stock Exchange Ltd via electronic lodgement Our Strengths "EXCELLENCE IN OIL AND GAS" PRESENTATION  Producer/Explorer with strong cash flow Please find attached Strike Oil's

  2. Slide 2: Building on Success | April 2009

    BUILDING ON SUCCESS | APRIL 2009

  3. Slide 3: Disclaimer

    DISCLAIMER This presentation does not constitute an offer, invitation or recommendation 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. Reliance should not be placed on the information or opinio

  4. Slide 4: Profitable business – positioned for growth

    Profitable business – positioned for growth THE COMPANY A successful oil and gas exploration and production company with operations focussed on the most productive basins in the USA and Australia US GULF COAST Production 11 mmcfe/d (1,100 boe/d) Reserves 9.6 Bcfe proved Prospective gas 240 Bcf

  5. Slide 5: A history of discovery

    A history of discovery THE COMPANY 1996 – Commenced exploration activities as private E&P company 2003 – Discovery of Casino gas field: 250 Bcf 2003 – Casino sold and funds returned to shareholders 2004 – Comet Ridge; multi Tcf CSG play – capital return to shareholders 2004 – Strike Oil Ltd listed o

  6. Slide 6: Low price entry to growth business

    Low price entry to growth business CAPITAL POSITION  6 months to 31 December 2008: • 120% production increase • A$25 million revenue • A$14.8 million EBITDAX • 60% share price drop  Sector de-rating applied to STX, despite underlying business growth Shares on issue (ASX: STX) 328.6m Options on iss

  7. Slide 7: Gulf Coast – a great place to find oil & gas

    Gulf Coast – a great place to find oil & gas US BUSINESS UNIT  Vast petroleum infrastructure  Ready access to market (discovery to sales – 2 months!)  US gas pricing premium  Strong US relationships pave the way to quality opportunities

  8. Slide 8: Major onshore Gulf Coast discoveries

    Major onshore Gulf Coast discoveries US BUSINESS UNIT – FIELDS TWO PRODUCING FIELDS: Rayburn and Mesquite (estimated ultimate recovery: 61 Bcfe) CURRENT RESERVES  Production is from primarily the Middle Wilcox Formation  Total proved reserves (Dec 08): 40.5 Bcfe (34.5 Bcf, 0.6 mmbbl)  Strike Oil

  9. Slide 9: Gulf Coast – high margin production

    Gulf Coast – high margin production US BUSINESS UNIT – PRODUCTION TWO PRODUCING FIELDS: Rayburn and Mesquite  Daily production (STX share) - 1,100 boe/day from 9 mmcf gas, 200 bbl condensate/day  120% increase in past 6 months  Oil and Gas sales revenue - $A25 million for 6 months to December 200

  10. Slide 10: Exceptional return on investment

    Exceptional return on investment US BUSINESS UNIT – PERFORMANCE MIDDLE WILCOX FORMATION – TYPICAL WELL INPUTS AND ECONOMIC RESULT RAYBURN MESQUITE Initial production rate 8 - 10 mmcfd 2 - 6 mmcfd Annual decline years 1-3 (pa) 40 - 50% 40 - 50% Estimated ultimate recovery 5 - 8 Bcfe 2 - 5 Bcfe Well c

  11. Slide 11: Wilcox trend – excellent success rate

    Wilcox trend – excellent success rate US BUSINESS UNIT – EXPLORATION RECORD TO DATE  Tested targets with 200 Bcf pre-drill potential  Result: 61 Bcfe delivered into 1P reserves (est. ultimate recovery) TARGETS  660 Bcf potential on existing prospects  Target generation and leasing being aggressi

  12. Slide 12: The right time to grow

    The right time to grow US BUSINESS UNIT – OPPORTUNITY OBJECTIVE  To grow production 4 fold in 24 months COMPETITIVE POSITION/OPPORTUNITY  A successful established position  The right relationships built over 2-3 decades  The new business environment provides opportunity: • Commodities off 50% •

  13. Slide 13: A pipeline of large scale new energy supply options

    A pipeline of large scale new energy supply options AUSTRALIAN BUSINESS UNIT CONVENTIONAL NON-CONVENTIONAL OFFSHORE OIL (GAS) COAL SEAM GAS Baniyas: Southern Cooper: STX 40%, Operator STX 66.7%, Operator  Oil case potential  CSG prospective resource 7-37 MMBO (P90-P10)  8-20 TCF (P90-P10)  Gas c

  14. Slide 14: One of the best undrilled oil targets in shallow water Carnarvon Basin

    One of the best undrilled oil targets in shallow AUSTRALIA water Carnarvon Basin – BANIYAS VALUE  7-37 million barrels of oil potential  Seismic amplitude conforms with structure  150 million barrels produced from adjacent fields NEXT STEPS  Secure rights over entire structure (imminent)  Secur

  15. Slide 15: Major strategically located Coal Seam Gas Potential

    Major strategically located Coal Seam Gas Potential AUSTRALIA – SOUTHERN COOPER VALUE  Huge 8-20 Tcf prospective resource  Shallowest Permian coals in the Cooper Basin (targeted by Santos in deeper parts of the Basin)  Adjacent to key gas delivery pipelines  Coal distribution confirmed by oilfie

  16. Slide 16: Major strategically located CTL and power project

    Major strategically located CTL and power project AUSTRALIA – FUTURGAS VALUE  JORC lignite resource: 578 million tonnes  Over A$50m spent by previous owners  Over 40,000 metres drilled, 550 bore holes  State significant coal resource – close to infrastructure  Potential 10,000 barrels/day coal-

  17. Slide 17: Continuing the profitable growth path

    Continuing the profitable growth path BUILDING ON SUCCESS  Gulf Coast position offers a successful production growth path (4 fold) - next 2 years  Existing portfolio of new energy options in Australia and USA provide multiple value add positions  Changed business environment provides for addition

  18. Slide 18: ASX Code: STX

    ASX Code: STX www.strikeoil.com.au

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