Strike Energy Limited · ASX:STX
Strike Energy — RIU Good Oil Conference 2022
15 slides from Strike Energy's conference presentation, Sep 7, 2022
Slide 1: Strike Energy Limited – RIU Good Oil Conference
Strike Energy Limited RIU Good Oil Conference September 2022 Strike’s 3,500ha low carbon manufacturing precinct WA Low Carbon Fertiliser & Energy Developer 1
Slide 2: Important notice
Important notice Summary information A number of important factors could cause actual results or performance to differ materially from the forward looking statements, including the risk factors referred to in this document. Investors should consider the forward This presentation contains summary inf
Slide 3: Strike’s track record paving the path for future success
Strike’s track record paving the path for future success The Last 36-Months The Next 6-Months WE3 West Erregulla Discovery & Appr Maiden cashflows 4 successful discovery & appraisal wells Construction, commissioning and 118 PJ of WA domestic gas contracts1 Gross 455 PJ of 2P/C2 commencement of pro
Slide 4: A physically integrated and geographically concentrated portfolio
A physically integrated and geographically concentrated portfolio Mid West WA Domestic Gas Lockyer Geothermal Low-cost onshore positions Waitsia Adjacent to two major pipelines Closest source of gas for ~80% of WA market EP469 50% Erregulla Operator in all permits Beharra West EP503 100% Err
Slide 5: Greater Erregulla – Regionally Consistent
Greater Erregulla – Regionally Consistent WE2 Greater Erregulla 50% WE3 Kingia Sandstone Depth Map 69 mmscfd 90 mmscfd 43m net pay 38m net pay WE3 WE5 WE4 WE5 35 mmscfd WE2 13 mmscfd 28m net pay WE4 32m net pay SE2/3 SE5* SE2* 100% Planned Q2/23 SE1 SE1 LLIs secured SE4* 80 mmscfd Drilled from 14m n
Slide 6: On track to Perth Basin’s largest Reserves position
On track to Perth Basin’s largest Reserves position STX Perth Basin Reserves Position STX Perth Basin Resource Position WA Gas Prices, $A GJ Excluding South Erregulla Excluding South Erregulla (2P Reserves, PJ) (2C Resources, PJ) 5.61 6% 6% +51% 4% 3.71 39% 5% 257 PJ AWE AWE Adjusted 393 PJ 1.81 1.2
Slide 7: A low-cost development that will translate into the Company’s first cashflows
A low-cost development that will translate into the Company’s first cashflows Independent Walyering Reserves & Resources1 Walyering-5 Walyering 75 TJ/d stabilised, 2,600psi WHP Gross, P50 PJ, RISC Advisory Plus 1.02 mmbbls condensate (2P/2C/2U) 102 8 bbls/mmscf of condensate STX 55% 16 16 51m
Slide 8: Strike’s fully integrated net zero 2030 - low carbon manufacturing & energy strategy
Strike’s fully integrated net zero 2030 - low carbon manufacturing & energy strategy Mid-West Low Carbon Manufacturing Precinct Project Haber Fertilisers Integrated Ammonia/Urea Wholesale Urea Gas Production Sales Dedicated Green Direct Urea Renewables Hydrogen Sales Geoscience Production Core compe
Slide 9: Why fertilisers? Is the reward worth the effort?
Why fertilisers? Is the reward worth the effort? What are the benefits of moving down the Realised effective gas prices for Perth Basin value chain into fertilisers? gas and gas linked- products ($A per GJ RT22 as at Aug-22) $63 Access to global gas pricing Urea is a gas derivative, and its pricing
Slide 10: Project Haber – a national imperative
Project Haber – a national imperative Australia’s urea consumption Australia’s urea consumption grew 19% last year almost exclusively imported Domestication of fertiliser 8% (2021) +19% manufacturing 2.1 2.5 2.5 Sovereign fertiliser capability mtpa Displace ~$2bn of imports ~300 FT jobs for 30 years
Slide 11: Project Haber – 1.4mtpa urea manufacturing facility
Project Haber – 1.4mtpa urea manufacturing facility Mid West Low Carbon Manufacturing Construction camp Precinct1 (~3,500 hectares) Project Haber Wind farm R&D grain farm Wind farm Solar plant Global urea cash cost curve (FOB equivalent RT2020, $US) Energy Other costs $78/t Carbon farm Haber Mid.Eas
Slide 12: The Precinct’s advantaged renewable location
The Precinct’s advantaged renewable location Northern section of the South West Interconnected System Plus Mid West wind farm locations Precinct location bordered by top performing wind farms in Australia. Geraldton Walkaway Localised demand from Haber Mumbida (70MW) and nearby grid Dongara conn
Slide 13: A location rich with energy and decarbonisation options
A location rich with energy and decarbonisation options Carbon Sequestration Well Gas Producer Cadda Formation (seal) Jurassic CCS 103m at 19% phi Subsurface under the Mid-West low Carbon Manufacturing Precinct (visualisation not to scale) Strike has every tool available in the decarbonisation tool
Slide 14: WA Government gas policy opportunity
WA Government gas policy opportunity Gas suppliers who support and enable downstream development may be considered for exemptions to the domgas policy and allowed to access LNG export capacity Export pricing is equivalent to a 6x uplift in production Perth Basin to LNG spot netback gas price per GJ
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