Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (October 2014)
16 slides from Strike Energy's shareholder meeting presentation, Oct 30, 2014
Slide 1: Chairman's Address and AGM Presentation
ASX Announcement 30 October 2014 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement CHAIRMAN’S ADDRESS AND AGM PRESENTATION Please find attached the following items which will be presented and discussed as part of the Annual General Meeting of the Company to be h
Slide 2: 2014 Annual General Meeting - Chairman's Address
For personal use only STRIKE ENERGY LIMITED 2014 ANNUAL GENERAL MEETING Sydney, 30 October 2014 Chairman’s Address
Slide 3: Chairman's Address
STRIKE ENERGY LIMITED CHAIRMAN’S ADDRESS ANNUAL GENERAL MEETING – 30 OCTOBER 2014 Ladies and Gentlemen, For personal use only In my recent letter to shareholders I used a Dickens like quote ‘It was the worst of times. It is not yet the best of times.’ And, as part of that address, I closed in statin
Slide 4: Managing Director's Presentation
For personal use only STRIKE ENERGY LIMITED 2014 ANNUAL GENERAL MEETING Sydney, 30 October 2014 Managing Director’s Presentation
Slide 5: 2014 Review, Project Update, US Update
Strike Energy Limited For personal use only 2014 Review Southern Cooper Basin Gas Project Update US Update Strike Energy Limited - AGM, October 2014 2
Slide 6: 2014 Review
2014 Review For personal use only Cooper Basin • Drilled Le Chiffre 1 & Klebb 1 - Extension of thick coals encountered at Davenport into Weena Trough • Fracture stimulation and initial flow-back test of Le Chiffre 1 & Klebb 1 • Davenport 1 fracced and initial flow-back test • Awarded Block CO-2013B
Slide 7: Southern Cooper Basin Gas Project
For personal use only SOUTHERN COOPER BASIN GAS PROJECT
Slide 8: Project: Update
Southern Cooper Basin Gas Project: Update For personal use only Moomba Permit STX working Operator interest Marsden 1 96 66.67% Strike 95 50% Beach Energy (50%) 94 35% Beach Energy (50%) PEL 94 PEL 95 Davenport 1 Mount Isa PELA640 100% Strike Le Chiffre 1 Gladstone Klebb 1 multi-well test location P
Slide 9: Project: What do we know?
Southern Cooper Basin Gas Project: What do we know? For personal use only Substantial gas resource in place The results of the drilling and testing programs in PEL 96 and PEL 94 have confirmed the presence of continuous, thick coals over an extensive area within the permits. Furthermore, gas desorpt
Slide 10: Project: Next steps
Southern Cooper Basin Gas Project: Next steps For personal use only Gas flows to surface is now our primary objective How? • Extended production testing of a portfolio of five wells in PEL’s 96 and 94 • Continued production testing Le Chiffre 1 & Klebb 1 • Drill, complete and test two close spaced o
Slide 11: Project: Initial test zones
Southern Cooper Basin Gas Project: Initial test zones For personal use only ~40km ~8km Davenport 1 Klebb 3 ~200m SW Klebb 1 ~200m NE Klebb 2 Le Chiffre 1 PEL 94 PEL 96 Milperra Depth 1,905m Weena Depth 1,930m Depth 1,830m trough trough Perforation Vm3 Vm3 No frac net 16m Vm3 Vm3 Vm3 Vu Upper 5,000 bb
Slide 12: Project - Current status
Southern Cooper Basin Gas Project - Current status For personal use only Le Chiffre 1 • Workover complete • Surface facilities are being installed Klebb 1 • Workover complete • Surface facilities installed, in pre-start commissioning Klebb 2 • Well has been drilled to 850m and rig is preparing to ru
Slide 13: US Projects
For personal use only US PROJECTS Strike Energy Limited - AGM, October 2014 10
Slide 14: US: Eagle Ford Shale and Eaglewood JV
US For personal use only Eagle Ford Shale • Sold 1,617 acres net to Strike for US$4.6 million • Remaining acreage position 12,541 acres (STX 27.5% - 5,924 net acres) Permian Basin • Seeking partner to progress evaluation of the play TEXAS Eagle Ford Shale Eaglewood JV (Louise field) Eaglewood Joint
Slide 15: US: Permian Basin
US For personal use only Permian Basin • 7,580 acres in NW Martin County Texas (STX 25% - 1,895 net acres) • Oil production of ~120 boepd (30 boepd net to Strike) from the Middle Clearfork Formation (‘MCF’) a conventional carbonate reservoir Clearfork • Lower Clearfork Fork (‘LCF’) shale underlies t
Slide 16: Important Notice
Important Notice For personal use only This presentation does not constitute an offer, invitation or recommendation presentation. to subscribe for, or purchase any security and neither this presentation nor Subject to any continuing obligations under applicable law and the Listing anything contained