Strike Energy Limited · ASX:STX
Strike Energy — Good Oil Conference 2019
12 slides from Strike Energy's conference presentation, Sep 12, 2019
Slide 1: Good Oil Conference: West Erregulla-2 Results
Strike Energy Limited Good Oil Conference West Erregulla-2 Results September 2019 West Erregulla-2
Slide 2: Important Notice
Important Notice Summary information This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 11 September 2019. The information in this presentation is of general background only and does not purport to be complete. The contents of this presentation
Slide 3: West Erregulla 2 Achievement
West Erregulla 2 Achievement ▪ WE2 the deepest well ever drilled Wagina Gas Discovery onshore Australia at 5,100m. ▪ Three excellent high pressure Permian Kingia Gas Discovery gas filled reservoirs discovered at depth. High Cliff Gas Discovery Still to come… ▪ Production flow testing within weeks. ▪
Slide 4: The West Erregulla Trifecta
The West Erregulla Trifecta Wagina Sandstone Kingia Sandstone High Cliff Sandstone 23 km² 25 km² 25 km² 10.2m net reservoir 58m net pay 10m net pay 79m gross gas column 220m gross gas column 22m gross gas column ▪ Excellent correlation between Strike geological and geophysical model predictions ▪ Hi
Slide 5: Wagina Sandstone Stratigraphic Section
Wagina Sandstone Stratigraphic Section Stratigraphic Section: Flattened on Top Dongara Beharra Springs-3 Beharra Springs N-1 Tarantula-1 ST-1 Warradong-1 West Erregulla-2 West Erregulla-1 Dongara 20.8 mmscfd Dongara Tight Gas Sand >30 mmscfd 27.6 mmscfd Upper Wagina TD in Upper Wagina TOP OVERPRESSU
Slide 6: Kingia & High Cliff – Staggering Results
Kingia & High Cliff – Staggering Results Kingia Discovery Wells - Hydrocarbon Pore Volume Kingia Interval Depth & Methane % (Porosity x Height x Gas Saturation) Height: HPV 100 Width: Net Pay 4.73 W1 4.31 95 WE2 Methane % W2 3.51 S3 W4 90 W3 2.41 85 1.40 0.85 80 0 2,500 5,000 West Erregulla-2 Waitsi
Slide 7: Paradigm Altering Geology
Paradigm Altering Geology Above: Kingia reservoir showing visible porosity resultant from clay coated sand grains ▪ Strike’s evolutionary basin model proved to Left: Fossilised be highly accurate. Sand quality, clay sea sponge coatings and formation tops were all from ~4,850m evidence of observed as
Slide 8: Kingia High Cliff Sandstones Stratigraphic Section
Kingia High Cliff Sandstones Stratigraphic Section Stratigraphic Section: Flattened on Holmwood Shale Senecio-3 Waitsia-1 Waitsia-2 Waitsia-4 Waitsia-3 West Erregulla-2 Irwin River Coal Upper Kingia 18.M net 11.0% Phi 8.3m net Lower 14% Phi 39m net 53m net Kingia 18.5 mmscfd 25.7 mmscfd 9.7% Phi 12.
Slide 9: The West Erregulla Compounding Effect
The West Erregulla Compounding Effect Strike North Perth Basin Kingia & High Cliff Leads ▪ West Erregulla has unlocked a huge conventional gas STX 50% & fairway. Operator ▪ Strike controls a significant portion of this play within STX 100% the 100% Strike owned acreage. Prospective for Prospective f
Slide 10: The Perth Basin – Hot Acreage
The Perth Basin – Hot Acreage Strike Equity Ownership Perth Basin Conventional Gas Portfolio 50% 2,768 km² of net acreage with 40% of it prospective for Kingia-High Cliff and Wagina plays 100% ▪ Strike has reached its aspiration as the Basin’s premier explorer. 100% 100% ▪ West Erregulla’s success h
Slide 11: Strike - Australia’s ‘Next’ Natural Gas Producer
Strike - Australia’s ‘Next’ Natural Gas Producer WA Gas Market ~1,200 TJ/d West Erregulla Gas Fields CSBP Offtake Option – 100 PJ Size Quality Cost Output Pilbara Gas Market Expansion 300 TJ/d market with Next to 57 TJ/d growth Low Pipeline expected CO2 Some of the Standalone Manufacturing Crown low
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