Strike Energy Limited · ASX:STX
Strike Energy — Investor Presentation (July 2020)
9 slides from Strike Energy's investor presentation, Jul 21, 2020
Slide 1: Good Oil Investor Webinar
Good Oil Investor Webinar 1 CEO & MD –Stuart Nicholls 21st July 2020
Slide 2: Important Notice
Important Notice Summary information forward-looking statements in this presentation or any changes in events, conditions or This presentation contains summary information regarding Strike Energy and its subsidiaries current circumstances on which any such statement is based. as at 21st July 2020. T
Slide 3: Strike a Perth Basin developer, appraiser and explorer
Strike a Perth Basin developer, appraiser and explorer Significant discovered gas resources West Erregulla 2C 593 BCF & 137 BCF P50 PR1,2 South Erregulla Well capitalised 1600 BCF P50 PR1,2 Ocean Hill Excellent WA gas market 2C 360 BCF & 1.2m bbls of condensate1 fundamentals Low cost development Wal
Slide 4: WA gas market undergoing structural change
WA gas market undergoing structural change WA domestic gas supply and demand, plus TJ/d est. NWS spare capacity TJ/d 2,000 150 Scarborough 1,420 TJd 1,500 50 West Erregulla Ph1 1,000 Waitsia Stg1 500 118 Gorgon Ph2 0 2020 2021 2022 2023 2024 2025 2026 2027 Future Supply Base domestic + Perdaman + NW
Slide 5: The Perth Basin Structural Advantage
The Perth Basin Structural Advantage Perth Basin gas has a ‘~$1.10 GJ’ cost advantage WA Domestic Gas versus peers for transport to Perth Market: Estimated up to 1,200 TJ/d Transmission Costs WA LNG Or North West ~$2.2 bln market p.a. The Perth Basin is the closest source of gas to the bulk of WA $1
Slide 6: Perth Basin - Permian Gas Fairway
Perth Basin - Permian Gas Fairway Permian gas fairway outline 1. West Erregulla Up to 3 appraisal wells With ~3 TCF of gas discovered, STX 50% 2. from Q3/20 FID Phase 1 the Permian gas fairway is Development target Q4/20 becoming regionally STX 100% significant. 1. South Erregulla Potential drilli
Slide 7: Progress Continues West Erregulla Gas Project
Progress Continues West Erregulla Gas Project Discovered Resource High Confidence Drilling program Additional subsurface info 2H20 Foundation Gas Sales Concept Select Initial 50 TJ/d in FEED Post FID Finance In progress Final Investment Decision Targeting Q4 /20 Gas Marketing & Phase 2 Expansion Stu
Slide 8: Perth Basin – Jurassic Gas Play
Perth Basin – Jurassic Gas Play Ocean Hill Strike to farm-out a 45% non-operated interest in 1. ~200km² of 3D seismic Walyering (EP447) to Talon Petroleum in exchange planned for end of CY21 for a $6m free carry in upcoming appraisal well. 1 STX 100% Walyering appraisal well to be added to CY21
Slide 9: Strike Energy
strike energy