Strike Energy Limited · ASX:STX
Strike Energy — Strike Oil — RIU Good Oil Conference 2004
23 slides from Strike Energy's conference presentation, Aug 31, 2004
Slide 1: ASX cover letter: Good Oil Conference presentation and well name clarification
GstrikeOil Keol com.eu fkeoil Corrs au 31 August 2004 Australian Stock Exchange Ltd Via Electronic Lodgement Dear Sir, “Good Oil Conference” Presentation Find attached the presentation by Strike Oil Limited to be made at the “Good Oil Conference” in Fremantle, Western Australia on 1 September 2004.
Slide 2: RIU Good Oil Conference
G Strike Oil RIU GOOD OIL CONFERENCE 1-2 September 2004 Fremantle, Western Australia Simon Ashton Strike Oil Limited
Slide 3: Strike Oil
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Slide 4: An Australian Petroleum Company
: G Strike Oil An Australian Petroleu OIL FOCUS @ Carnarvon Basin Cooper/Eromanga Basins STRATEGIC INVESTMENT @ Comet Ridge Limited (10% Strike Shareholding) IN
Slide 5: Strike Oil corporate snapshot
: Strike Oil Strike Oi ASX CODE LISTING DATE IPO SHARES @ 20 CENTS TOTAL FULLY PAID SHARES UNLISTED OPTIONS SHAREHOLDERS (AT LISTING) PRICE RANGE (SINCE LISTING) MARKET CAP (@ 25 CENTS) CASH (30 AUGUST 2004) STX 5 AUGUST 2004 60,000,000 142,366,621 6,135,265 761 21.5 — 26.5 CENTS $35.6 MILLION ~$16
Slide 6: August 2003 to today
AUGUST 2003 STRIKE - TODAY IPO $12 million . _ (August. 2004)
Slide 7: Track record and results
\GstrikeOl Tra RESULTS Bid acreage 100% 4 Identified Casino prospect Vv Farmed in Santos Vv Recorded 3-D seismic Vv Drilled discovery wells Vv Sold interest to AWE/Mitusi Returned $20 million to shareholders Flaring Gas at Casino 3
Slide 8: Current Projects
GFstrikeOi __CurrentPro
Slide 9: Strike Oil permits in Australia
wa 7 7 Australia SA ‘naan L a iB Lie -Tirtawarta incl I Tia wo) Ly EG ie La) Ne To 20 4 Wee ee ey KLOMeTRES, (oe < ~ Ges Mipeiice Ou Fipetne > Exten! of Pemien Pinte ces Fees QmGp 01 Ficido [EER Stike Cit Penvits Ns LL LLL
Slide 10: Carnarvon Basin 2004
GF Strike Oil Carnarvon Basi in n 2004 D pees Legend maPpatne itp, coos Fits Wasp O1 Fetss ‘BORA Sune 08 Peursits 30 40 50) KILOMETRES ie
Slide 11: Carnarvon Basin 2005
GsStrike Oil ~ Carnarvon Basin 2005 a Cooper (Formeity Champion’ } Legend | Gas Pipeline - Oil Pipeline ‘Gia cos Fieids ni Ou Fietds bea) Striker OF Persts 10 239 30 49 50 K2OMETRES Western Australia
Slide 12: Immediate Carnarvon Basin prospects
|GstrikeOil immediate Carnar Gross Prospect Oil Potential Operator (Millions Barrels recoverable) Mean _Upside Altostratus 1 _ ee. § Strike _ Maustralis _ | a _. Cheese sss. : 6s fF _ Nogracilis —rt—“i—‘_O—C—C—C—C—COCOCTF §E CC _ Mungaroo _ «5 _-. Boojum 4 -. (50%) . ek 11 | Tap Ce (ormerty Champion
Slide 13: Altostratus
Altostratus Bioposed Altostrales 4 socalions @ Petroleum well ‘Djpigs Gas Fietds Why 01 Fields Prospects and Lead Strike Oif Perms
Slide 14: Stag Sand Amplitude Map
Slide 15: Altostratus seismic
GsStrike Oil Altostratus Seis Proposed Altostratus 1 Location cs 3 & § 8 FE 2 @ £ = = = 9 z
Slide 16: Boojum-1
Boojum -1 1 Mil oy a Gas Pipalire 7 ee a : a 0% Ppeling . - i RA Citta cas ries | Hy BN Ut OF Fisids Lo U0 i — ——e Prospects and Leads fh i Updip ay To : 4 5 Strike. Gt Premits jasper Lo
Slide 17: Strike Oil
Strike Oil aowejoidieiu 30 8803
Slide 18: Boojum
BooJum. Proposed Boojum 1 Location pie ee CROP ae, pite Rabbits a ic ney 3 ° oS 8 ge > é E " i S S 2
Slide 19: Boojum prospect highlights
|G strike Oil Legend mo Ges pete On trend with Rough Range and Leatherback oil fields 4 way structural closure Upside potential 23 million barrels Low cost drilling Low cost development close to infrastructure
Slide 20: Strike Oil
GF Strike Oil
Slide 21: Carnarvon Basin wells and seismic surveys
|G strike Oil Carnarvon Basin 6 wells 5 seismic surveys
Slide 22: Immediate action with high value leverage
| F strike Oil ® IMMEDIATE ACTION WITH HIGH VALUE LEVERAGE @ 3 Carnarvon Basin wells — Oct to Dec 2004 ® 40%, 50%, 100% interests ® SUSTAINABLE GROWTH ® 9Qwells planned in extensive acreage ® Major seismic program early 2005 ® Team with successful track record ® Strong balance sheet @® STRONG OIL PR
Slide 23: Strike Oil
GF Strike Oil