Strike Energy Limited · ASX:STX
Strike Energy — Australian Domestic Gas Outlook Conference (March 2022)
14 slides from Strike Energy's conference presentation, Mar 23, 2022
Slide 1: WA Gas Market Update
WA Gas Market Update
Slide 2: Summary information
yoy strike Summary information This presentation contains summary information regarding Strike Energy and _ its subsidiaries current as at 7'" March 2022. The information in this presentation is of general background only and does not purport to be complete. The contents of this presentation should
Slide 3: Strike West versus East
0. Strike West versus East Gas Demand by Market, TJ/d (.Nc excluded) 1,556 a) 1,129 1,022 Today East Coast West Coast (SA, QLD, VIC, NSW, TAS) (WA) WA is a large market Forecasted growth WA as a standalone market is two thirds that WA gas market estimated to grow 10% by 2027 of the entire East Coast
Slide 4: WA Domestic Gas Market
yoy strike WA Domestic Gas Market Who’s selling it today? WA Gas Buyers Jul-21 2030 _ Other Perth Basin 7% Distribution ExxonMobil 15% Electricity (GPG) Shell Industry 45% Santos Woodside flew 1,200 TJ/d /BHP Mineral processing Mining Chevron 2030 3 sellers 62% of demand make up 83% of the gas suppl
Slide 5: WA gas market in charts
yy strike WA gas market in 4 charts . > WA (oil and gas) wells drilled per Under Investment ) 2P reserves write downs (PJe) Write Downs Basin per year 165 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 255 MM Roebuck Ml Canning Ml Bonaparte 260 Mi perth Hi crowse | Ml Carnarvon Reindeer Pluto Wheatsto
Slide 6: News from the Western Front
News from the Western Front yoy strike \ — Shaping to be Australia’s premier onshore H H h conventional gas Basin with play open to the | g North, South & East : Confidence N eg 92% drilling success rate L ) (— \ West Erregulla | High Rates South Erregulla 18-89 mmscfd/d Beharra Springs tested flow
Slide 7: Domestic demand Storage
citsemoD dnamed egarotS citsemoD dnamed egarotS noissimsnarT gnissecorP noissimsnarT gnissecorP noitcu noisrevnoC tropxE GNL ot noisrevnoC tropxE GNL ot
Slide 8: Perth Basin's excellent carbon performance
yoy strike Perth Basin’s excellent carbon performance Scope 1: Contained reservoir CO2 Scope 2: Transmission emissions intensity (%) to Industrial Southwest Gas Market CO2e t/ TJ (DBNGP) 18% Upper Carnavon Basin 0.081 Mid Carnarvon Basin 0.047 Lower Carnarvon Basin o> c ® Q ® oD < > . H gf 9 ££ 2 3
Slide 9: WA Government Gas Policy Opportunity
yoy strike WA Government Gas Policy Opportunity Perth Basin to LNG spot netback gas price per GJ (AUD & USD, as at 7 March 2022) @iusD MAUD I n AL Deparment of I ter jobs, Touts, Sclence —F 36.1 and | pes even! | T =... TT ] ae ‘ aulial 33.0 _ | at | Western Australian (WA) Government response to th
Slide 10: Potential for gas growth in WA's power market
yoy strike Potential for gas growth in WA’s power market WA Electricity generation by source / fuel type, 2021 [ Total market 4GW | Solar , ~ Wind a Still 42% Coal Gas ae Only 20% renewables 1.7 GW of BTM solar Coal Great opportunity for gas to increase dedicated renewable penetration into the WA ma
Slide 11: Urea facility
1 urea facility “Mid-West, WA = FEED & EPC tender underway, contract award Location advantage to support $1.5bIn of import displacement = Offtake contract award ae - ~60% reduction in carbon intensity for . . Australian urea! = Environmental referrals to commence _*® Equity marketing to commence ee,
Slide 12: A national imperative and positive use of gas
o strike Anational imperative and positive use of gas Australia’s urea consumption almost exclusively imported 1. Federal Government (2020) Major Project Status Domestication of fertiliser 2 WACovemunem Leas manufacturing Hesney Sevice 3. Federal award of Supply Chain 95% Rosiienee Cent HB imported
Slide 13: Domestic demand Storage
Dom Storage dem Reserves Production Processing Transmission Domestic Conversion Storage demand Ex to LNG Reserves Production Processing Transmission Conversion Export to LNG Do Storage Storage d Domestic Reserves Reserves Production Processing Production Storage Processing Transmission Transmission
Slide 14: Slide 14
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