Strike Energy Limited · ASX:STX
Strike Energy — Investor Presentation (May 2019)
10 slides from Strike Energy's investor presentation, May 14, 2019
Slide 1: PCWA – Diving off the Kingia-High Cliff
For personal use only Strike Energy Limited PCWA – Diving off the Kingia-High Cliff MD & CEO - Stuart Nicholls 14th May 2019 Clay coated sand grains from the High Cliff sandstones in the Perth Basin, showing anti diagenetic properties (occlusion of quartz overgrowth) and preservation of porosity (Co
Slide 2: Important Notice
Important Notice This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither For personal use only this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance should not be placed
Slide 3: Waitsia the billion dollar accident
Waitsia the billion dollar accident For personal use only How does the fourth largest conventional onshore gas discovery in Australia’s history remain undiscovered in a drilled up basin for 60 years ??? Waitsia 3D (Irwin River) Poor Statics lead to amplitude wipe out over crest of Waitsia North stru
Slide 4: Waitsia was the hidden clue…to a valley of sleeping giants
Waitsia was the hidden clue…to a valley of sleeping giants For personal use only Irwin-1 90m 40m 1. Waitsia well results (gross thickness and net to gross) improves as you move to the south and east. 2. Irwin-1: deepest most eastern penetration of Kingia finds good quality porosity ~17% and thickest
Slide 5: Formation of the depo-centre (Dandaragan Trough)
1. Formation of the depo-centre (Dandaragan Trough) Perth Basin – Modern proto-rift basin For personal use only Pangea Baha California: Mexico Dandaragan Trough Dongara West Erregulla Modern Rift Basin (Strike/Slip) ▪ Rift basin and new low (depo- centre) created. ▪ Indian and Australian ▪ Dandaraga
Slide 6: Creation of the reservoir via dramatic changes in continental coast line
2. Creation of the reservoir via dramatic changes in continental coast line Transgressive Shore face and Deposition of For personal use only sand – Alaska, US Forced Regression of Coast line – Hudson Bay, Canada ▪ Towards the early Permian the worlds ice caps were melting creating large flux in the
Slide 7: Addition of valuable clays
3. Addition of valuable clays Core taken from the Perth Basin High Cliff Sandstones showing Channel Country – Queensland, Aus For personal use only addition of clays and overall occlusion of quartz overgrowth and resulting porosity preservation (Corybas-1 well, Ferdinando 2007) ▪ Australia’s ice she
Slide 8: West Erregulla the next giant to awaken
West Erregulla the next giant to awaken For personal use only West Erregulla – Kingia High Cliff If basin-ward conditions improve as modelled this will more than offset the additional depth. ▪ A direct analogue to the Waitsia Therefore the possibility of a better than Waitsia conventional gas field
Slide 9: Shaking the giant awake
Shaking the giant awake West ▪ WE-2 will spud in late May 2019 For personal use only Erregulla-2 ▪ Easternwell 106 has begun mobilising from Queensland ▪ Campaign to drill, case and complete the well is ~60 days with a two week flow test booked on success ▪ Being drilled and completed as a producer
Slide 10: For personal use only
For personal use only Page 10