Strike Energy Limited · ASX:STX
Strike Energy — Non-Deal Roadshow (March 2012)
17 slides from Strike Energy's roadshow presentation, Mar 8, 2012
Slide 1: Substantial Leverage to the Unconventional Oil & Gas Sector
SUBSTANTIAL LEVERAGE TO THE UNCONVENTIONAL OIL & GAS SECTOR EUROPE & NORTH AMERICA INVESTOR ROADSHOW MARCH 2012
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Major exposure to the ‘booming’ unconventional oil & gas sector – a SECTOR EXPOSURE ‘game changer’ in global energy supply Large positions within highly sought after unconventional oil and gas QUALITY ASSETS plays – Cooper Basin (Australia) and Eagle Ford Shale (USA) Drilling a
Slide 3: Company Snapshot
COMPANY SNAPSHOT COMPANY SNAPSHOT (5 March 2012) COMPANY STRATEGY Corporate office Sydney, Australia US operations base Houston, USA HIGH IMPACT David Wrench – Managing Director Early stage exploration, which if successful, Ben Thomas – President, USA will result in rapid commercialization and Key m
Slide 4: Key Unconventional Assets
KEY UNCONVENTIONAL ASSETS COOPER BASIN, AUSTRALIA EAGLE FORD SHALE, USA 16,000 km2 / 4 million acres (net) of permits and 31,000 (gross) / 8,500 (net) acres of Eagle Ford Shale applications with unconventional / conventional potential focused on the preferred gas/condensate fairway Page 3
Slide 5: Peer Share Price Performance
PEER SHARE PRICE PERFORMANCE COOPER BASIN – LISTED PEERS EAGLE FORD SHALE – LISTED PEERS 6 MONTH SHARE PRICE PERFORMANCE (rebased) 6 MONTH SHARE PRICE PERFORMANCE (rebased) ASX listed peers have all experienced substantial re- ASX listed peers have all performed well based on their ratings based on
Slide 6: Cooper Basin – Australia's Leading Unconventional Play
COOPER BASIN – AUSTRALIA’S LEADING UNCONVENTIONAL PLAY Australia’s most prospective unconventional oil and gas play COOPER BASIN - Proven hydrocarbon system with 50 years of exploration and production - Eastern Australia gas markets accessed via existing infrastructure with available capacity - East
Slide 7: Cooper Basin – A Very Large Acreage Position
COOPER BASIN – A VERY LARGE ACREAGE POSITION 16,000 km2 / 4 million acres (net) of Cooper Basin permits and applications STRIKE’S ASSET - Large permit interests (average 71%) and operator of four permits - Extensive coal and shale formations within key Southern Flank permits – PELs 95, 94 - Thick an
Slide 8: Cooper Basin – Strike's Value Upside Potential
COOPER BASIN – STRIKE’S VALUE UPSIDE POTENTIAL Prospective unconventional gas resource of over 6 Tcf (net) POTENTIAL - Permit positions & potential resources similar to larger peers. Wet gas potential + - Commercialisation opportunities presented by rising east coast gas demand / prices Unconvention
Slide 9: Eagle Ford Shale – USA's Premier Unconventional Play
EAGLE FORD SHALE – USA’S PREMIER UNCONVENTIONAL PLAY The USA’s most sought-after unconventional play EAGLE FORD - Superior economics due to high productivity and liquids content (generally > 90% of revenue) - EUR (expected ultimate recovery) 500–1,000 Mboe within the preferred condensate fairway - I
Slide 10: Eagle Ford Shale – A Sizeable Lease Position
EAGLE FORD SHALE – A SIZEABLE LEASE POSITION Over 31,000 (gross) / 8,500 (net) acres of Eagle Ford Shale leases STRIKE’S ASSET - Third largest holding by an ASX company after BHP Billiton (Petrohawk) and Aurora - Focused on the preferred gas/condensate (wet gas) fairway in Lavaca and Fayette countie
Slide 11: Eagle Ford Shale – Strike's Value Upside Potential
EAGLE FORD SHALE – STRIKE’S VALUE UPSIDE POTENTIAL Gas/condensate fairway recognized as having the best economics POTENTIAL - Approximately 70 (net) well locations at 120 acre spacing + - Access to services and pipeline infrastructure for rapid commercialization First production well planned in mid-
Slide 12: Strike's Other Assets
STRIKE’S OTHER ASSETS Carnarvon Basin, Western Australia CARNARVON - Exploration permits with multiple prospects - WA460P estimated to include 20% of the 13.5 Tcf Paltar prospect – to be drilled by Shell in H2/2012 (at no cost to Strike) Permian Basin – 7,500 (gross) / 1,875 (net) acres in Martin Co
Slide 13: Investment Highlights
INVESTMENT HIGHLIGHTS Major exposure to the ‘booming’ unconventional oil & gas sector – a SECTOR EXPOSURE ‘game changer’ in global energy supply Large positions within highly sought after unconventional oil and gas QUALITY ASSETS plays – Cooper Basin (Australia) and Eagle Ford Shale (USA) Drilling a
Slide 14: Annexure – Marsden 1 Well Location
ANNEXURE – MARSDEN 1 WELL LOCATION Ensign 918 drilling Marsden 1 Marsden 1 spudded on 22 February 2012 and is testing the Permian coals and shales within the Battunga Trough in PEL 95 (Strike 50%). The well is approximately 10km from Senex Energy’s successful Vintage Crop 1 and 6.5km from the Battun
Slide 15: Annexure – Marsden 1 Formation Structure
ANNEXURE – MARSDEN 1 FORMATION STRUCTURE Marsden 1 is targeting the Toolachee; Roseneath, Epsilon & Murteree (together ‘REM’); and Patchawarra formations, which will be extensively logged and cored. The target formations and gas shows are evident in mudlogs from the nearby Battunga 1 conventional we
Slide 16: Annexure – Davenport 1 Well Location
ANNEXURE – DAVENPORT 1 WELL LOCATION Davenport 1 will follow immediately from Marsden 1 and will test the Permian coals and shales within the Milpera Trough in PEL 95 (Strike 35%). Like Marsden 1, the well will be extensively logged and cored Page 15
Slide 17: 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 should not be placed on the information or