Strike Energy Limited · ASX:STX
Strike Energy — RBC Capital Markets Mini Cooper Conference 2013
21 slides from Strike Energy's conference presentation, May 21, 2013
Slide 1: ASX Announcement: RBC Mini Cooper Conference
ASX Announcement 21 May 2013 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement RBC CAPITAL MARKETS “MINI COOPER CONFERENCE” Please find attached a presentation to be made by David Wrench at the RBC Capital Markets “Mini Cooper Conference” in Sydney this morning.
Slide 2: Strike Energy Ltd - RBC Mini Cooper Conference
For personal use only STRIKE ENERGY LTD RBC “MINI COOPER CONFERENCE” 21 May 2013 Strike Energy Ltd - RBC Mini Cooper Conference 1
Slide 3: Strike Energy Overview and agenda
Strike Energy Ltd For personal use only • Strike Energy Overview • “Unconventional” Resource Development Considerations • Strike Energy’s Southern Cooper Basin Gas Project • Eagle Ford Shale • Carnarvon Basin Strike Energy Ltd - RBC Mini Cooper Conference 2
Slide 4: Strike Energy Overview - Southern Cooper Basin Gas Project
Strike Energy Overview - Southern Cooper Basin Gas Project For personal use only • 1.55 million gross acres / 927,037 net acres 139 30’ E 140 30’ E To Brisbane • Estimated recoverable prospective gas resource 6-16 Tcf net to COOPER BASIN Strike 28 00’ S Moomba • Direct pipeline access • Rapid apprai
Slide 5: Strike Energy Overview - Eagle Ford Shale
Strike Energy Overview - Eagle Ford Shale For personal use only • 38,850 acre Joint Venture lease position »» 10,680 acres net to Strike • Substantial resource potential TEXAS Strike’s Lease Area • Recent on-trend results from offset operators are de-risking the play Austin Houston San Antonio Strik
Slide 6: Company Overview
Company Overview For personal use only Listing ASX (ticker STX) Issued Shares 614,519,664 21,175,000 Unlisted Options Market Capitalisation ~$55 million Production (2012/13F) ~110,000 Boe Revenue (2012/13F) ~ A$4.5 million Strike Energy Ltd - RBC Mini Cooper Conference 5
Slide 7: Unconventional Resource Development Considerations
For personal use only UNCONVENTIONAL RESOURCE DEVELOPMENT CONSIDERATIONS “GO TO THE SOURCE”
Slide 8: Conditions for Successful Unconventional Development
Conditions for Successful Unconventional Development For personal use only • Established, prolific hydrocarbon basin • Active hydrocarbon generation source capable of acting as a reservoir within basin • High product price environment • Infrastructure availability »» Cost competitive drilling and co
Slide 9: Potential for Unconventional Success - A Basin Comparison
Potential for Unconventional Success ~ A Basin Comparison For personal use only Eagle Ford Surat Basin Cooper Basin Southern Cooper (tight Sands) Basin Coals Prolific Basin Primary Source Rock Marine Shale Coal Coal Coal Primary Hydrocarbon Products Oil / gas /condensate Gas Gas Gas High Product Pri
Slide 10: Strike's Southern Cooper Basin Gas Project
For personal use only STRIKE’S SOUTHERN COOPER BASIN GAS PROJECT “LEVERAGE TO EASTERN AUSTRALIA’S GAS MARKET”
Slide 11: Southern Cooper Basin Gas Project: Eastern Australia gas demand
Southern Cooper Basin Gas Project For personal use only • Rapid transition to demand driven gas market in Eastern Australia • +1,700 PJ/annum will need to be produced for domestic and export markets • Urgent reuirement for a supply response at acceptable Mount Isa pricing • Strike’s project is uniqu
Slide 12: Southern Cooper Basin Gas Project: Multi-Tcf gas resource
Southern Cooper Basin Gas Project For personal use only • Multi-Tcf gas resource 139 30’ E COOPER BASIN • Targeting coals Marsden 1 »» The primary source rock in the basin; »» Thickest and shallowest Permian coals found in the Davenport 1 Cooper Basin PEL 94 • Cost competitive PEL 95 »» Shallow, low
Slide 13: Commercialisation Pathway
Commercialisation Pathway For personal use only 2015 2014 Development 2013 • Production drilling Proof of Concept • Modular facilities • Production pilots • Pipelines Appraisal • Technology trials • 3 wells PEL 96 • FEED 2012 • Flow-testing • Davenport frac Discovery • Davenport & Marsden • Thick ga
Slide 14: PEL Phase Area - Development Concept
PEL 96 Phase 1 Area - Development Concept For personal use only • PEL 96 Phase 1 Area 139 30’ E »» <10km from the MAP corridor; Davenport 1 »» 400-800PJ resource PEL 94 COOPER BASIN • Pad drilling development concept PEL 95 »» Five “deviated” wells per pad Well B Well A Well C »» Three zones complet
Slide 15: PEL Phase Area - Development Concept
PEL 96 Phase 1 Area - Development Concept For personal use only • Fairview CSG field analogue »» Depths 800 - 1800 metres »» Net coal thickness 10-15 metres • PEL 96 Phase 1 Area »» Depths 1500 - 2000 metres »» Net coal thickness average 50 metres Strike Energy Ltd - RBC Mini Cooper Conference 14
Slide 16: The Eagle Ford Shale
For personal use only THE EAGLE FORD SHALE “LEVERAGE TO USA’S PREMIER UNCONVENTIONAL LIQUIDS PLAY”
Slide 17: Eagle Ford Shale: Overview
Eagle Ford Shale: Overview • Strike holds 27.5% (10,680 net acres) in the For personal use only Cypress Eagle Ford Shale project, located in Lavaca and Fayette counties, Texas • Favourable positioning on-trend with highly productive fields in Lavaca and Dewitt counties in the optimum gas-condensate
Slide 18: Eagle Ford Shale: Recent Operator Activity
Eagle Ford Shale: Recent Operator Activity Eagle Ford Shale: Recent Operator Activity Eagle Ford Shale: Recent Operator Activity • Recent drilling andDrilling commercial production results have For personal use only results confirm the north-eastern extension of the demonstrated the north-eastern Ea
Slide 19: Carnarvon Basin
For personal use only CARNARVON BASIN
Slide 20: Carnarvon Basin
Carnarvon Basin For personal use only • Carnarvon Basin permits 114 00’ E »» Five permits - 1200km2 (net) »» Four operated by Strike WA-460-P (Strike) »» High working interests - average 44% Exmouth • Palta prospect 22 00’ S »» 13.5 Tcf gas-in-place estimated by Strike Palta 1 Well »» Approx 20% (~
Slide 21: Important Notice
For personal use only IMPORTANT NOTICE This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance should not be placed
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