Strike Energy Limited · ASX:STX

Strike Energy — Australian Domestic Gas Outlook 2013

15 slides from Strike Energy's conference presentation, Apr 10, 2013

  1. Slide 1: ASX Announcement: Australian Domestic Gas Outlook 2013 Presentation

    ASX Announcement Strike Energy Limited ABN 59 078 012 745 10 April 2013 For personal use only OUR FOCUS The Company Announcement Officer ASX Ltd  COOPER BASIN via electronic lodgement 4 million net acres, including over 1 million net acres with unconventional potential  EAGLE FORD SHALE Participat

  2. Slide 2: Australian Domestic Gas Outlook

    For personal use only AUSTRALIAN DOMESTIC GAS OUTLOOK Amora Hotel Jamison, Sydney 10 April 2013

  3. Slide 3: Overview

    For personal use only OVERVIEW • “Unconventional oil and gas” - What are the fundamental conditions for a successful project? • What makes Strike’s Southern Cooper Basin gas project so unique? • How will the resource be developed to meet domestic gas market demand? 2

  4. Slide 4: Strike Energy Ltd Overview

    For personal use only STRIKE ENERGY LTD OVERVIEW SOUTHERN COOPER BASIN EAGLE FORD SHALE As at 31 March 2013 Market Cap ~64.5 million Production ~110,000 Boe Revenue ~A$4.5 million 3

  5. Slide 5: For personal use only

    For personal use only • “Unconventional oil and gas” - What are the fundamental conditions for a successful project? • What makes Strike’s Southern Cooper Basin gas project so unique? • How will the resource be developed to meet domestic gas market demand? 4

  6. Slide 6: Conditions for Successful Unconventional Development

    For personal use only CONDITIONS FOR SUCCESSFUL UNCONVENTIONAL DEVELOPMENT • Established prolific hydrocarbon basin • Understand basin specific hydrocarbon generation system • High product price environment • Infrastructure o Cost competitive drilling and completion services o Product sales infrastr

  7. Slide 7: Potential for Unconventional Success - A Basin Comparison

    For personal use only POTENTIAL FOR UNCONVENTIONAL SUCCESS ~ A BASIN COMPARISON Eagle Ford Surat Basin Clarence Cooper Southern Moreton Basin Cooper (tight sands) Basin Coals Prolific Basin Primary Source Rock Marine Coal Coal Coal Coal Shale Primary Hydrocarbon Oil / gas / Gas Gas Gas Gas Products

  8. Slide 8: For personal use only

    For personal use only • “Unconventional oil and gas” - What are the fundamental conditions for a successful project? • What makes Strike’s Southern Cooper Basin gas project so unique? • How will the resource be developed to meet domestic gas market demand? 7

  9. Slide 9: Southern Cooper Basin - Leverage to East Australia's Gas Market

    SOUTHERN COOPER BASIN - LEVERAGE TO EAST AUSTRALIA’S GAS MARKET • 1.55 million gross acres / 925,000 net acres For personal use only • Estimated recoverable prospective resource (1) Low Mean High 6.3 Tcf 10.8 Tcf 16.4 Tcf • Direct pipeline and road access • Rapid appraisal and development timeline S

  10. Slide 10: Cooper Basin Thermal Maturity - Industry Model

    For personal use only COOPER BASIN THERMAL MATURITY – INDUSTRY MODEL 9

  11. Slide 11: Cooper Basin Thermal Maturity - Strike Model

    For personal use only COOPER BASIN THERMAL MATURITY – STRIKE MODEL 10

  12. Slide 12: For personal use only

    For personal use only • “Unconventional oil and gas” - What are the fundamental conditions for a successful project? • What makes Strike’s Southern Cooper Basin gas project so unique? • How will the resource be developed to meet domestic gas market demand? 11

  13. Slide 13: Commercialisation Pathway

    For personal use only COMMERCIALISATION PATHWAY 2015 2014 Development 2013 Proof of Concept • Production drilling • Production pilots • Modular facilities Appraisal • Technology trials • Pipelines • 3 wells • FEED 2012 • Flow-testing • Davenport frac Discovery • Davenport & Marsden • Thick gas satur

  14. Slide 14: PEL - Development Concept

    For personal use only PEL 96 - DEVELOPMENT CONCEPT PEL 94 Weena Area 400-1100 PJ1 • PEL 96 Phase 1 Area o <10km from the MAP corridor o 400-800PJ resource1 PEL 96 Phase I Area • Pad drilling development 400-800 PJ1 concept PEL 96 Phase II Area 750-1650PJ1 o Five “deviated” wells per pad o Three zone

  15. Slide 15: Important Notice

    For personal use only IMPORTANT NOTICE IMPORTANT NOTICE This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance shou

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