Strike Energy Limited · ASX:STX
Strike Energy — Corporate Update (May 2019)
8 slides from Strike Energy's corporate update, May 27, 2019
Slide 1: Ocean Hill Farm Out – EP495, Perth Basin
Strike Energy Limited For personal use only Ocean Hill Farm Out EP495 – Perth Basin
Slide 2: Important Notice
Important Notice Summary information For personal use only This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 24 May 2019. The information in this presentation is of general background only and does not purport to be complete. The contents of th
Slide 3: EP495 – Ocean Hill
EP495 – Ocean Hill 1. Discovered resource in Ocean Hill-1 (1991) For personal use only Recoverable Gas: 360 BCF (2C Contingent Resource)a Associated Condensate: 1.2 mmbbls (2C Contingent Resource)a 2. New wet gas opportunities resulting from Strike G&G analysis 3. Permit has good well and seismic co
Slide 4: Ocean Hill: Two Promising Closures, but a Disappointing Well Result – New takeaways
Ocean Hill: Two Promising Closures, but a Disappointing Well Result – New takeaways History For personal use only ▪ Ocean Hill-1was drilled in 1991 to a TD of 3,838m ▪ Tested a simple four way dip closed anticline Main objectives were Early Jurassic Cadda Formation and Cattamarra Coal Measures ▪ Sig
Slide 5: 3D Visualisation: Hydrocarbon migration via major faults to near Top Jurassic
3D Visualisation: Hydrocarbon migration via major faults to near Top Jurassic proven throughout the basin Waitsia-1 Irwin 3D Survey For personal use only Amplitude patterns in near Top Jurassic Reflector in Irwin 3D show Irwin-1 Strawberry- Hill-1 patterns suggestive of charge from extensional fault
Slide 6: Hydrocarbon migration analogue in Mount Horner & Jingemia Fields
Hydrocarbon migration analogue in Mount Horner & Jingemia Fields For personal use only Jingemia Migration Mount Horner Migration Ocean Hill sweetness cube high amplitude / low frequency ▪ Hydrocarbons from the Kockatea shale migrate up major regional faults (Eneabba at Ocean Hill) ▪ Hydrocarbons mov
Slide 7: A unique opportunity to enter well positioned acreage on ground floor terms
A unique opportunity to enter well positioned acreage on ground floor terms with the Basin’s premier explorer For personal use only 1. Strike is offering a 40% non- operated position in exchange for a full carry on 250km² of 3D seismic. (circa $3.2mln) 2. Conducting marketing June to August. 3. Fina
Slide 8: For personal use only
For personal use only Page 8