Strike Energy Limited · ASX:STX
Strike Energy — Strike Oil — Investor Presentation (October 2005)
44 slides from Strike Energy's investor presentation, Oct 3, 2005
Slide 1: Investor Briefing
ABN 89 678 012 745 G StrikeOnW = 3 October 2005 Australian Stock Exchange Ltd Via Electronic Lodgement INVESTOR BRIEFING Please find attached a copy of a presentation which will be used during a series of meetings with brokers and analysts this week. Yours faithfully SIMON ASHTON Managing Director -
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Slide 4: Strike Oil Presentation
G Strike Oil Presentation ® Corporate summary ® Strategy @ Forward program
Slide 5: Strike Oil
Gstrike Oil Strike Oil ASX CODE LISTING DATE TOTAL FULLY PAID SHARES UNLISTED OPTIONS SHAREHOLDERS (SINCE LISTING) PRICE RANGE (SINCE LISTING) MARKET CAP (@ 14 CENTS) CASH (30 JUNE 2005) STX § August 2004 143,494,729 21,757,152 761 — =2000 10 —43 cents $20 million ~ ~$7 million
Slide 6: Share Purchase Plan
G Strike Oil Share Pt rche ~#3,048,419 share IssuEPRICE ‘$011 pershare MAXIMUM § RAISING $4,738,328 RECORD DATE _ 23.September 2005 CLOSING DATE
Slide 7: Activities
Ac ctivities Fi >In prolifi - ] ee / (2-3 well $
Slide 8: Project Portfolio: Risk and Returns
GF strikeoil High RETURNS Moderate Low Project Portf Carnarvon .. Mountains Low Moderate High RISK
Slide 9: Provisional Forward Program
Provisional Fo 2005 2006 Indicative 4th Qtr Ist Half 2nd Half Prospect PROJECT AREA Oct = Nov Dec | Jan Feb Mar Apr = May > Jun | Jul Aug = Sep Oct Nov Dec Potential (Shallow) A A A i 0.5-2.0 Bef & & ¥ i GULF COAST “hg, Mee, : . 6 i §-20 Bef woz om) AA [A A A AA 4s, 4%, ae 7 “Ye be cn “Bg ors % By A
Slide 10: Why USA Expansion
GF strike Oil Why USA Expansio Builds on strengths — Track Record — Contacts Balances risk profile Builds early cashflow business Opportunity for increased activity High oil and gas prices
Slide 11: GsStrike Oil
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Slide 12: USA - Gulf Coast
G Strike Oil USA - Gulf Coast @® Gas focus ® Operator, Cypress E&P ® Interests 10-26% ® Competitive technology 3-D seismic, AVO analysis @ Ongoing drilling (8-13 wells)
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a yf lenin Strike Ol Proposed Well Oil & Gas Fields
Slide 14: Strike's Cypress JV Leases
@strikeoil- Strike’s ‘ ‘Cypress JV” Leas Cypress Jamex nuBRpe SF a de ° EG Cypress 43200 1sz00 12825 WEBERNICH-GOFF 2 a WEBERNICK. GOFF weekanick 1 ; Me Xe Mesquite 42000 . s280" WEBERNICK2 Tri-G 42500 WERENT w HGUAT Mesquite A 12200 Cypress 75% Jamex 25% pee _ Jamex
Slide 15: USA Cash Flow
GF strikeoil USA Cash Flow ____ Monthly Net Cash Flow Scenarios _ _A$millions) Oct-05 Nov Dec Jans Feb Mar Apr May Jun Jul Aug ‘Sep Oct _ Nov Dec | _LowCashFlow | Medium Cash Flow _ _ High Cash Flow _ 1 deep well (10%) 2 shallow wells (10%) _ Mesquite B (26.5%) —_| 3 Mesquite wells (26.5%) 2 shallow
Slide 16: Rocky Mountains Project Area
GF strike Oil KGLOUETRES, Gulf Coast Project Area Oil and gas focus Operator, Comet Ridge Interests 20-40% Competitive technology Initial project secured Additional Leasing underway Drilling 2006 (2-3 wells)
Slide 17: Tow Creek Oil Project
GF strike Oil Tow Creek Oil Proj Bear River Wolf Mountain Field || © | ° yyy Recent 105 BOPD weil - - ' TINRBGW | Ll as Boy ke feat ae or a eT an Slippery Sides | |, [Hidden valley [Le _ Bela co eee ee I _N. Tow Creek i Aina 4 if ee 3H a » . | ft L Tow Greek Field | —TEN-REZAL | = 2 ye ie Field |. T
Slide 18: Australian Projects
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Slide 19: Western Australia Permits
GF strike Oil “ ‘Legend ay Pine _ ew tly caress BEBE orem S seismic Western Australia 4 quarter seismic (8 permits) High grading prospects Scope to farm down Drilling 2006 (3-4 wells)
Slide 20: Previous Focus: Northern Carnarvon
sys Previous Focus: Northern Carn G strike Oil Nate sts pune aunernccie N Kurakura & : ~ LS Ma i Ea a a ae i Bec ; —— GH pelos a poy, cas Fists 077 oly Cr Fises ee Vo oe - = a CFF =|] western Australia| LLL a ben
Slide 21: Gas Pipatine
Gas Pipatine Gas Fields D oa Fields L CEP Prospects and Lead (ABE strme Ol Perma
Slide 22: Hestia Prospect
@ strike Oil Hestia Prospect ago WA-209-P. Hestia location. Potential 20 mmbbi 460000 2 Sse LUNIVERSA THASGIERSE MENGATOR PROMEEC EIDE BAS WeUSeHERCAD CENTIG MERDUN HHT OD WE ngs ana "WDS 808° Ssirkeot - Similar Follow-Up / Targets InTP/17 C. hlaosa Sand TWT ‘Chal Horizon,
Slide 23: Shallow Lower Cretaceous Sand Pinch-out play
Shallow Lower Cretaceous Sand Pinch-out play — Potential for 80 MMbbls (Plus) Recoverabie — Planning new Hi-Res seismic for play definition — Forward Program: Seismic Farm-out and Drill ne 1 istration ui‘ Tr eb 5km 4 seg Cl —— /E Le wie Sepa cine wg 5 _ j
Slide 24: New Focus: Southern Carnarvon
Feel yet “New Focus: Southern Can G strike Oil oe sts pune aunernccie (7 RORBOURKE Baniyas A Ss (Hastings) fF a ~ Gas Plpodne Moe a ie —— Ci pels: a oy pean, cas Fits eh OT ) 7 atl C8 Fists Ne Wa i Western Australia _ le oy lea
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Slide 26: Barrow Sub-Basin
s GsStrikeOil Barrow Sub-Ba co * i Australia ‘g Niyfality Focal Area For Oil Migration
Slide 27: Barrow Sub-Basin
G Strike Oil a Barrow Sub-Bas - Focal Area For - Oil Migration _ bad seismic ae area 5-30 MMbbis _ ot Sk
Slide 28: Saladin Oilfield
_ Saladin Oilfield _ 90 mmbblis | __Recoverable p=-3"'* _ChevroniStrike BAHA Seismic _ Survey Baniyas “ran Reese’. \oedeage" Sate ST1
Slide 29: Top Barrow/Birdrong Play
Top Barrow/Birdrong Pla — Near existing fields Baniyas — Downthrown fault block — Potential 60 MMbbI Recoverable — New Seismic to Finalise Drilling Location Top Birdrong TWT Map
Slide 30: Prospect Cluster from Reprocessed Seismic
GF strikeoil- UNSW. £ : Conan Structured Area : : : Previous Exploration by Large , Compa ies Failed ‘to Defi ine Large especie Cluster of Prospects Emerging From Reprocessed Seismic _ ' Prespec: Poten 5-10 MMbbis Recoverable Each | A$400-, -A$800 million Gross Value (at USS60/BBL) E Development Sce
Slide 31: North Santo and Grond
GsStrike Oil N SantolG rond Top Barrow/Birdrong play — North Santo Conventional Prospect (Potential ~ 3 mmbbls) — Grond Higher Risk Downthrown prospect (Potential up to 100 mmbls) Top Birdrong TWT Map Residual oil in Mardie Greensand at Santo 1 :
Slide 32: Whalebone Prospect
GsStrike Oil Whale bone Prospect __ Whalebone _ 40. MMbbis (Could be Developed | from Onshore) | oe
Slide 33: Whalebone Prospect
Gstrike Oil Whalebone Prospec Top Triassic Play — Potential for 40 MMbbls Plus — Possible Birdrong Sandstone as secondary objective Whalebone al Whalebone Top Triassic TWT Map
Slide 34: GF strike Oil
GF strike Oil d gKobarl “= Aldngi¢ Legend ee OF Ming 22 dmoin ot Penenn | | Gai oes inn. sis @ 4 quarter seismic ® High grading prospects @ Scope to farm down ® Drilling 2006 (2-5 wells)
Slide 35: Tickalara Oilfield
GF strikeOil C= Tickalara Qilfieid - _ Reported 1i/MMbbls _ Recoverable ~ Gidgee 1 Flowed 1000 BOPD 3D Seismic Survey Planned — (end 2005) Delineate Field _ al
Slide 36: Strike Oil 75%
Strike Oil 75% PEAS SE Lede LPC POE i ee 0 1 ie Lee iS Gas Pipeline “= Oil Pipeline 7 Prospects and Leads P Extant of Permian Porte Gas Feiss ‘Wy Cit Fiotds [RGR Sie OH Permite a |
Slide 37: Mulapula
Mulapula 1 Top C Horizon TWT Map Oa. — Oil recovered on DST — Potential 5m oil pay on wire-line logs — Possible Economic Accumulation Up-dip potential at Mulapula 1 Mulapula 1 fis Mita T
Slide 38: Strike Oil 67%
Strike Oil 67% J a ee =F Kebari cs ae _ Le | Aldings jo. . : . EN oo gy Oil. Migration.-- y a / a “yasinet, — ~~—mD . a coat Sos i 4 ae De yy ee : Gas Pipaline CG Ly OF Pipaline Mia ° inline es Procpcels anc Leeda ey ae SEP Extentot Mecmian es Ly y Bem coe Fistss We ae oi Fieke HOA © BEBE Sinko 01 P
Slide 39: Other Australia
Gstrike Oil Other Aust alia KINGSTON ENERGY tt IH 100% owned subsidiary Coal, petroleum and gasification rights to Kingston Coal Deposit (SA) Energy Options Evaluation ® Coal Seam Gas “Clean Coal” power 7 t Legend am res 7 @ Coal to liquids @ Gas Pipeline sebenie Gasificati Mining Lease as I Ica I o
Slide 40: Comet Ridge
AX Comet Ridge @ 10% direct shareholding First revenue 2006 Recent $12.5 million sale of Tipton West USA expansion (2 Current projects)
Slide 41: Immediate Action
- ame diate action - ee ~~ \ yy = Team _- - Stron Ge oo - onky Moun tains & on
Slide 42: Provisional Forward Program
Provisional Fo 2005 2006 Indicative 4th Qtr Ist Half 2nd Half Prospect PROJECT AREA Oct = Nov Dec | Jan Feb Mar Apr = May > Jun | Jul Aug = Sep Oct Nov Dec Potential (Shallow) A A A i 0.5-2.0 Bef & & ¥ i GULF COAST “hg, Mee, : . 6 i §-20 Bef woz om) AA [A A A AA 4s ig — he | “Ye be cn “Bg Se ee AR O
Slide 43: Where to from here
GF strikeoil Where to from 12,000,000 40,000,000 No. of Shares 8,000,000 6,000,000 + 4,000,000 2,000,000 Share Price and Trade Volume AR ARAAMA RA RAR Active fl Fi | 2004 006) Drilling —° Program 0.5 + 0.45 + 0.4 Share Price ($)
Slide 44: Disclaimer
GFstrikeOil ———Disclaimer_— 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 informatio