Strike Energy Limited · ASX:STX
Strike Energy — Good Oil Conference 2016
19 slides from Strike Energy's conference presentation, Sep 14, 2016
Slide 1: ASX Announcement: Good Oil Conference presentation
ASX Announcement 14 September 2016 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement Good Oil Conference presentation – September 2016 Please find attached a presentation to be given today by Mr Christopher Thompson (Chief Operating Officer) at the Good Oil conf
Slide 2: Strike Energy Limited – Good Oil Conference
STRIKE ENERGY LIMITED For personal use only GOOD OIL CONFERENCE September 2016
Slide 3: Strike Energy Limited Overview
Strike Energy Limited Overview For personal use only 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 g
Slide 4: Executive Summary
Executive Summary For personal use only Tightening gas market driving Eastern Australian gas price increases Solid operational progress towards key goals is positioning the project for successful development Potential for substantial value creation from future production and resource optionality Str
Slide 5: Eastern Australian Gas Market
For personal use only Eastern Australian Gas Market
Slide 6: Eastern Australian Gas Market: outlook
Eastern Australian Gas Market: 20 year outlook Australia’s east coast gas demand has historically been supplied from conventional reserves in the Cooper Basin (SA) and the Gippsland Basin in Bass Strait. These reserves are in decline. Substantial new CSG resources have been developed in Queensland,
Slide 7: Eastern Australian Gas Market: Supply tightness emerging
Eastern Australian Gas Market: Supply tightness emerging In the past two-years there has been nearly 3,000PJ* of downgrades to Eastern Australian onshore reserves and contingent resources. Low oil prices are exacerbating the supply outlook with minimal current investment in exploration or appraisal.
Slide 8: Eastern Australian Gas Market: Gas prices trending higher
Eastern Australian Gas Market: Gas prices trending higher Market gas pricing Industry response Government response For personal use only Adelaide STTM Gas price 30 Collective industry intent Gas price spike a contributing factor to facilitate new gas to high SA electricity supply into the Eastern sp
Slide 9: Eastern Australian Gas Market: Summary
Eastern Australian Gas Market: Summary For personal use only Gas demand ~40 Tcf over twenty years; LNG the dominant gas buyer Supply tightening Supply tightness emerging and likely to worsen by 2020 Gas prices Domestic gas prices already reflecting changing market dynamics Cost Curve Eastern States
Slide 10: Project
For personal use only Southern Cooper Basin Gas Project
Slide 11: Project: Scale of STX resource
Southern Cooper Basin Gas Project: Scale of STX resource In a market characterised by demand increases, reserve downgrades and supply challenges, Strike is ideally positioned with a long-life multi-Tcf prospective resource, with transformational potential. The advanced stage of appraisal together wi
Slide 12: Project: Strategic objectives
Southern Cooper Basin Gas Project: Strategic objectives Strike’s Southern Cooper Basin Gas Project (SCBGP) is the most advanced onshore gas supply opportunity with the materiality to mitigate forecast supply shortfall. The Company’s strategic objectives are focused on both near-term and medium-term
Slide 13: Project: Status - key activities/milestones 2013-2016
Southern Cooper Basin Gas Project: Status - key activities/milestones 2013-2016 In less than three years, Strike has used a disciplined approach to rapidly progress from a large multi-Tcf resource discovery, to technical feasibility and towards commercial feasibility. This substantial progress has m
Slide 14: Project: Status - reservoir understanding
Southern Cooper Basin Gas Project: Status - reservoir understanding The appraisal and testing activities to date reinforce Strike’s strong confidence in the commercial potential of future development wells. For personal use only Reservoir Gas Recovery Net Coal Gas Content Deliverability properties (
Slide 15: Project: Status - engineering solutions
Southern Cooper Basin Gas Project: Status - engineering solutions An understanding of the reservoir has emerged that is very favourable. The focus of current testing is to establish threshold gas flows that confirm the commercial potential of the resource. The primary technical milestone of this pha
Slide 16: Project: Status - well drainage observations
Southern Cooper Basin Gas Project: Status - well drainage observations For personal use only Observations % Klebb 2 Drainage areas are expanding % Dewatering task is finite Klebb 1 ebb 4 BH Increasing interference (drainage % area overlap) supports increasing Klebb 3 Klebb 4 BH gas flows ± Legend %
Slide 17: Opportunity summary
Opportunity summary For personal use only Tightening gas market driving Eastern Australian gas price increases Solid operational progress towards key goals is positioning the project for successful development Potential for substantial value creation from future production and resource optionality S
Slide 18: Important Notice
Important Notice This presentation does not constitute an offer, invitation or recommendation to subscribe for, Contingent Resource Estimate or purchase any security and neither this presentation nor anything contained in it shall form For personal use only the basis of any contract or commitment. D
Slide 19: Important Notice: continued
���ortant �otice� continue� Important Notice: continued Competent Persons Statement Competent Persons Statement The information in this presentation that relates to the PEL 96, PEL 95 and PEL 94 contingent For personal use only resources Theestimate information has in been thistaken from thethat pre