Strike Energy Limited · ASX:STX
Strike Energy — Investor Presentation (June 2015)
15 slides from Strike Energy's investor presentation, Jun 26, 2015
Slide 1: ASX Announcement: Updated Investor Presentation
ASX Announcement 26 June 2015 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement UPDATED INVESTOR PRESENTATION Please find attached an updated version of the investor presentation released to the market on 15 June 2015. The revised presentation now incorporates a
Slide 2: Strike Energy Limited Investor Presentation June 2015
STRIKE ENERGY LIMITED For personal use only INVESTOR PRESENTATION June 2015
Slide 3: Company Overview: Corporate
Company Overview: Corporate For personal use only Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration and production company. The company is focused on the development and rapid commercialisation of a substantial gas resource in the Southern Cooper Basin to
Slide 4: Investment Summary
Investment Summary For personal use only World scale onshore gas resource –> substantial supply opportunity Fully funded commercialisation program to unlock project potential Gas offtake contracts in place with Orica, Orora, Brickworks - $17mln prepayments already made Opportunity for investors to g
Slide 5: Asset summary
Southern Cooper Basin Gas Project: Asset summary Strike has discovered a world-scale onshore multi-Tcf gas resource favourably located under a gas pipeline connected For personal use only directly to Eastern Australian gas markets. Subject to commerciality being determined in coming months the resou
Slide 6: Strike's strategic objectives
Southern Cooper Basin Gas Project: Strike’s strategic objectives For personal use only Strategic objectives Timing Supply targets 2020/21 Production ~5 Tcf over 20 years FID Equivalent to gas supply Cost competitive third party gas for one LNG train supply for LNG exporters Development Expanded reso
Slide 7: Comparison to recent large gas discoveries
Southern Cooper Basin Gas Project: Comparison to recent large gas discoveries Strike’s 2013 appraisal drilling program confirmed the presence of a world scale gas resource. In 2014, this prospective gas For personal use only resource in Strike’s PEL 96 permit was estimated as 4.5 Tcf net to Strike.
Slide 8: Potential value
Southern Cooper Basin Gas Project: Potential value For personal use only $/share 1.66 Broker 1 $1.50 1.32 Broker 2 1.20 Broker 3 $1.00 $0.50 $0.14 / Share $0.14 Current Broker “unrisked“ share price valuations Notes: Broker 1 - EUROZ Broker 2 - Bell Potter Broker 3 - Ord Minnett “Unrisked” valuation
Slide 9: Unlocking the potential
Southern Cooper Basin Gas Project: Unlocking the potential For personal use only Commercial Resource Initial Production Infrastructure Market Production [PEL 96] PEL 96 ~ 4.5 Tcf Sustained gas flows ~ 40 Tcf demand over next STX resource connected to prospective resource (Le Chiffre 1 & Klebb 1) Enh
Slide 10: PEL 96 – next phase of testing
Southern Cooper Basin Gas Project: PEL 96 – next phase of testing For personal use only Klebb 3 ~200m SW Klebb 1 ~200m NE Klebb 2 PEL 96 Weena Depth 1,930m trough Enhanced Klebb flow test Vm3 Vm3 Vm3 • 3 wells • fracture stimulation of the Vu Upper Vu Upper Vu Upper Klebb 2 and Klebb 3 wells planned
Slide 11: PEL 96 – commercialisation strategy
Southern Cooper Basin Gas Project: PEL 96 – commercialisation strategy The next phases of the PEL 96 appraisal program are specifically designed to convert contingent resources to reserves and For personal use only increase the project’s resource base Objective Increased Infill wells reserves and re
Slide 12: Value summary
Southern Cooper Basin Gas Project: Value summary For personal use only Significant opportunity for value accretion as Strike targets 5 – 10 Tcf Australian east coast addressable gas market opportunity Resource delineation - 2016 [+++ reserves & resources] • infill wells (Phase One Area) • PEL 96 (ou
Slide 13: Investment Summary
Investment Summary For personal use only World scale onshore gas resource –> substantial supply opportunity Fully funded commercialisation program to unlock project potential Gas offtake contracts in place with Orica, Orora, Brickworks - $17mln prepayments already made Opportunity for investors to g
Slide 14: Important Notice
Important Notice This presentation does not constitute an offer, invitation or recommendation to subscribe Contingent Resource Estimate for, or purchase any security and neither this presentation nor anything contained in it shall For personal use only form the basis of any contract or commitment. D
Slide 15: Important Notice: continued
Important Notice: continued Competent Persons Statement For personal use only The information in this presentation that relates to the PEL 96 contingent resources estimate has been taken from the independent reports as prepared by DeGolyer and MacNaughton, a leading independent international petrole