Strike Energy Limited · ASX:STX
Strike Energy — Strike Oil — Excellence in Upstream Energy Conference 2006
24 slides from Strike Energy's conference presentation, Jul 31, 2006
Slide 1: Excellence in Upstream Energy Presentation
ABN 89 678 012 745 G Strike Oil 31 July 2006 Australian Stock Exchange Ltd Via Electronic Lodgement “EXCELLENCE IN UPSTREAM ENERGY” PRESENTATION Find attached the presentation by Strike Oil Limited to be made at the “Excellence in Upstream Energy Conference” on 31 July 2006. Yours faithfully SIMON A
Slide 2: Excellence in Upstream Energy Conference, Sydney
ae ~~ . =—r—emsésé—rT' —r~—~— ~=—eremse oo. hl a mn a " a a ,rt~—rC — _ COSOrtrt—‘ ee — ——rrt———OC“ESs_—'s —s 77h . _ « SS a 31 July —1 August 2006 Sydney, Australia Presenter Simon Ashton Managing Director Strike Oil Limited www-.strikeoil.com.au
Slide 3: A Unique Opportunity
Slide 4: Successful Strategy
Successful Strategy GF Strike Oil 2003 Discovered 250 Bcf gasfield offshore Otway Basin Delivering Results Pau ASX Listed CSG assets in Comet Ridge Limited 2005 Discovered 20+ Bcf gasfield onshore Texas 2006 Discovery brought into production in two months 2007? Target production from three out of fo
Slide 5: Growing Production and Revenues
Growing Production and Revenues Quarterly Net Revenue GF Strike Oil F--Transition to Producer p Mesquite Project, Texas (Strike Oil 26.25% WI. ~.20% NRI) Pr First production February 2006 » Operating costs ~ AUS$25,000/month net to Strike Oil 3 e 2 2 = Zi 0 Dec-05 Mar-06 Jun-06 Sep-06 *WI Working In
Slide 6: Large Project Portfolio
Large Project Portfolio TYPE Appraisal PROJECT Mesquite Tow Creek Bear River Gidgee Rivoli PRODUCT Gas/Condensate Oil Oil Oil Gas Exploration Gulf Coast Rocky Mountains Carnarvon Basin Cooper Basin Gas/Condensate Oil Oil Oil G Strike Oil
Slide 7: Producing Assets
Producing Assets GF Strike Oil Mesquite Project kiana H isto ry Wi) First well November 2005 Discovery December 2005 First.sales. February 2006 Facilities March 2006 Texas Status Austin = 840 Antonio m Co — 4 wells drilled 2 2 wells on production 2 wells production testing Gross gas production 712 m
Slide 8: Mesquite Project Capacity and Potential
Mesquite Project Capacity and Potential Central processing facilitie located at Shefcik 1 Condensate oil sales from.Webernick 1, with Webernick 2 in background. G strike Oil +. Production facilities -..17-to 20. (mmcfd) -° Expansion options *. Sales Capacity - -30 mmcfd -..3.sales pipelines Potentia
Slide 9: Appraisal Opportunities
Appraisal Opportunities GF Strike Oil ae : &£ TOW GREPK GEAR RIVER + Re-vitalising old oilfields + Drilling imminent RIVOLI _ + New 2-D seismic acquired * Possible local gas market oe MESQUITE + Potential for deeper gas target | -Field extension potential ] : Mapping | in progres? . TE
Slide 10: Exploration High Upside Prospect
Exploration High Upside Prospect Examples (Prospective Resources) * FLINT 100+ billion cubic feet *RAYBURN 200+ billion cubic feet * BANIYAS 30 million barrels *NORTH KURA-KURA 20 million barrels Hn *PHI 10 million barrels G Strike Oil
Slide 11: Gulf Coast: Projects, Process and Status
Gulf Coast: Projects, Process and Status GF Strike Oil 3D Seismic L. Prospects and leads generation L. Many surveys licensed 10+ Prospects Land leasing Onan Baie woe >5,000 acres leased Drilling Rig Contracted 4-6 wells planned [. starting September 2006 / HIGH UPSIDE PROSPECTS Discoveries Mesquite
Slide 12: Rocky Mountains Project - Colorado
Rocky Mountains Project - Colorado G strike Oil —_$_§______— = | Wolf Mountain Field recent [| _ “| | Li) 105 BOPD well za a — ate re | | Oo} mt] tad * Re-development p~ | pw Pe fe Lt opportunity, sub-vertical , lippery Sides aw Lot drilling - Field * Historically - vertical wells ~ Reserves 50,000
Slide 13: Carnarvon Basin Activities
Carnarvon Basin Activities ie ee G strike Oil Legend Gos Pipa a Open Geis cas Fetcs BWBy Oi Fess HORUS, rete Posts lo 2 2 40 i|§ Australia KILOMETRES, Pipa e Seismic acquired end 2005 High grading current prospects. and developing new prospects Scope to farm down Drilling mid. 2007 (2-3 wells) www.s
Slide 14: High Upside Prospect Examples
High Upside Prospect Examples GF Strike Oil Australia 5-100 mmbbis | <~ em a North Kura Kura o dé iv a FBanivas 301 New Structural Toe itanenaet Legend Prospects & Leads 7 Hl Fights: “Pin Gas Fields HRB Strike Ot Peomits mbbls |. * High upside oil prospects (prospective resources) - Baniyas 30 milli
Slide 15: Cooper/Eromanga Basin Activities
Cooper/Eromanga Basin Activities Gstrikeoii Sa ee aie pave ine : : & _ Susana | nop Aneta 4 * Oil prospect focus See Australia ‘eg * Program underway.in Queensland Aowesh ~ * ‘Native Title.negotiations ‘ being finalised in South Australia San Pipetne. me OF FiDONE Exton of Puen Wy o8 Fields Rien ala
Slide 16: High Upside Prospect Example
High Upside Prospect Example ATP633-P permit granted following Native Title resolution “eh 2 We a Honismpats West tage tvettampaty a aad Mian. 13 nti. Blam. ‘Tiekalars R Tickalara Oilfield _ . nd 2D seismi aio bivins, reported 11 MMbis 3D and 2D seismic ¢ recoverable oil completed Gidgee 1 flowed j
Slide 17: Active Drilling Program
Active Drilling Program G strike oil To drill “High Upside Targets” Objective 1 for quantum growth Target sizes 10-50 million barrels of oil 30 — 200 billion cubic feet of gas To drill “Moderate Size Targets’ for production and cash flow maintenance Objective 2 Target sizes < 5 million barrels of oi
Slide 18: Active Drilling Program 2006/2007
Active Drilling Program 2006/2007 Region Exploration/Appr: Wells G Strike Oil Commencing Rocky Mountains {approx.) Gulf Coast 4-5 Sept 2006 Rocky Mountains 4-5 August 2006 ‘Total 8-10 Region Australia Exploration/Appraisal Wells G Commencing {approx.) Cooper Basin 2-3 Late 2006/early 2007 Carnarvon
Slide 19: Drilling Timetable
Drilling Timetable G Strike Oil 2006 2007 2nd Half Ist Half PROJECT AREA sui Aug Sep Oct Nov Dec Mar Apr May Jun A A A A Note: Timing of aif activities subject to equipment availability. weather conditions, joint venture and regulatory approvals. Onshore well Offshore well www.strikeoil.com.au
Slide 20: Other Interests
Other Interests CA Strike Oil INN Comet Ridge 8 \ I+ Strike Oil has 8.9% _ Imminent Drilling © Rocky tous € -~—-_—«{|__ Shareholding in Comet oe || Ridge Limited Phy |. Developing US oil & gas focus _4, * Imminent drilling ~ || Strike Oil JV partner, || Colorado www.strikeoil:com.au
Slide 21: Corporate Information
Corporate Information Share Price History Last 12 months GF Strike Oil if H Share Pri Trade Vol G Strike Oil are Price over Trade Volume No. of Shares 1 July 2005 to 25 July 2006 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 2,000,000 1,000,000 [mmm Trade Volume —.— Average Share Price | Share P
Slide 22: Excellence in Upstream Energy
Excellence in Upstream Energy GF Strike Oil . a i He | a. a | WEES LDS SL LLEMELG | ___ Speed to cash flow 2 Quality Production Quality Prospects Discovery track record a Substantial growth opportunities | os Quality Operators See ee Fo i y a _ Lo ce — EG pe _ -— a ae ens
Slide 23: Summary
yo Ue aie a pie 4 oo pegs _ Cooper Ol — i ee Summary y | o ae ee: LL ae oe Ye Li ne TREE Expertise Big target projects Drilling program a PI _ _ _ _ , GF Strike Oil eS < = < See ae ELA TUM EGMD ae ey ey | Se 0 eB Be We ee NE Me ae i CC To, . ee
Slide 24: Strike Oil Limited has taken all reasonable care in producing the text and images
ee 2° Strike Oil Limited has taken all reasonable care in producing the text and images contained in this presentation but does not warrant that the information contained herein is accurate or up to date. The information on these slides is based on publicly available information, internal data and i
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