Strike Energy Limited · ASX:STX
Strike Energy — Bell Potter Unearthed Conference 2023
13 slides from Strike Energy's conference presentation, Feb 9, 2023
Slide 1: Strike Energy Limited: On the path to production
Strike Energy Limited February 2023 Bell Potter Unearthed Conference = = Sea 4 = = __Walyering-5 SS On the path to production
Slide 2: Energy Limited (ASX:STX) (Strike)
Energy Limited (ASX:STX) (Strike)
Slide 3: The Premier Perth Basin Exposure
yw strike The Premier Perth Basin Exposure . > \ Operator in all permits Largest Perth Basin Reserves & Resources \_ = 981 PJe of combined 2P Reserves & 2C Resource \ icimest |_| . . . West Erregulla Cc @ Imminent entry into gas production & cashflows ee py) Erregulla Deep = Up to 33 TJ/d of gross p
Slide 4: A lot to look forward to throughout 2023
o_. strike A lot to look forward to throughout 2023 Key Milestone Major Activities == Construction, commissioning and Walyering Production Strike’s first maiden free cashflows from awe a ~ end Q1/23 = Appraisal drilling targeting 178 PJ net 2C conversion to 2P' followed by a development decision for
Slide 5: Perth Basin Consolidation
yoy strike Perth Basin Consolidation Strike’s inferred Market Capitalisation based on various offers for Warrego Energy = Strike’s Reserves & Resources are Asm currently being priced at a more 2500 - than 50% discount to the implied , —, price Hancock are paying and what a) Mineral Resources paid fo
Slide 6: Perth Basin Regional Activity
e1_ strike Perth Basin Regional Activity "a Now ) DM ransree ow Waitsia Development & Nearfield Exploration Waitsia Development: 122 PJ write \ down and exploration failure SD Beharra Springs Deep Appraisal Drilling Up to 2 appraisal wells Va / ~ ‘ei_strike 2H/23 South Erregulla Appraisal Drilling 2
Slide 7: WA Gas Market
WA Gas Market
Slide 8: Recent WA Energy Events
yoy strike Recent WA Energy Events Devil Creek Varanus Island Yarra = ~124TJ/d offline ‘23 = Subsea gas leak, 210 = Ammonia plant temporarily onwards, plant retirement TJ/d offline for 8 weeks shut-in due to gas shortage Wheatstone = Multiple trips, 175 TJ/d offline intermittently Scarborough = Dela
Slide 9: WA gas market GSOO 2022
yw strike WA gas market GSOO 2022 Basin per year MM Roebuck Ml Canning lll Bonaparte Mi Perth Ml Browse I Carnarvon 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 WA (oil and gas) wells drilled per Under Investment 22 Va 2P reserves write downs (PJe) Exploration Fail 255 280 Reindeer Pluto Wheatstone
Slide 10: Who was selling it in 2022?
yoy strike Who was selling it in 2022? Chevron Santos up to 1,200 TJ/d Woodside Other WA domestic gas market Who’s buying it today? Synergy / Hoyiz6n ; Alinta, ‘a “ Wesfarmers ; 7% Only 30% in / power gen ® 9% Yarra 7% sino Alcoa South32 Other 3 sellers make up ~83% of the gas supply 8 buyers make u
Slide 11: WA Electricity generation by source / fuel type, 2021
yoy strike WA Electricity generation by source / fuel type, 2021 Wind Solar Other Coal r Total WA market peak power consumption equal to 4GW of demand L \ Va Govt has announced exit of coal by CY29. Remaining coal Reserves under financial and operational distress. \. WA now importing coal and using
Slide 12: Forward looking statements and project information
yw strike Forward looking statements and project information Forward looking statements This presentation contains forward looking statements about Strike. Often, but not always, forward looking statements can be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend
Slide 13: Slide 13
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