Strike Energy Limited · ASX:STX
Strike Energy — Macquarie Mining and Energy Forum 2020
16 slides from Strike Energy's conference presentation, Jun 10, 2020
Slide 1: Macquarie Mining and Energy Forum Progress in Perth Basin
# Macquarie Mining : : and Energy Forum Progress in Perth Basin 10th June 2020
Slide 2: Summary information
yoy strike energy Summary information This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 10" June 2020. The information in this presentation is of general background only and does not purport to be complete. The contents of this presentation sho
Slide 3: Perth Basin - Permian Gas Fairway
Wow strike energy Perth Basin - Permian Gas Fairway North Perth Basin permits inside the Permian Gas Fairway ) \ \ al STX Permits } lec in = =Permitn gas | ™ Size, quality, productivity and location of these fields will enable a low cost development ™ Some of the largest I conventional onshore gas T
Slide 4: Gas value chain: reserves to domestic demand and LNG export
Domestic Domestic Domestic Domestic Storage demand StorageStorage Storage demanddemand demand Reserves ProcessingTransmission Production Processing Transmission Domestic ▪ Reserves Reserves Production Reserves StorageProcessing Production Production Processing Transmission Transmission demand ▪ oces
Slide 5: Progress Continues
yoy strike energy Progress Continues West Erregulla Gas Project Discovered Resource High Confidence Drilling program 2H20 re Wesfarmers @) Australian Gas @) infrastructure Group Initial 50 TJ/d Final Investment Decision Targeting Q4 /20 Phase 2 Expansion a Dates are indicative and subject to, among
Slide 6: West Erregulla and Minjiny 3D seismic
W.Erregulla add 3D ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Minjiny 3D
Slide 7: Strike is funded to FID of Phase-1
Wow strike energy Strike is funded to FID of Phase-1 Strike estimated capex requirements for West Erregulla Phase 1 to First Gas (Strike share ASmin pre FEED estimates) Cost category 48 36 48 Sources of funds FEED Hl Cash on hand 8 Other Upstream ®) Debt (est) WB Drilling Phase 1 Capex Pre FID Pre S
Slide 8: Pathway to full value
yoy strike energy & 3S aT) 5) Seen i Lu ~ n 5 Pathway to full value West Erregulla 3,4,5* to inform full field development size. All wells completed as producers. Production License conversion. Construction of tie ins, well skids and trunk lines. Engineering and construction by AGIG Production opera
Slide 9: The WA Gas Landscape
Slide 10: WA domestic gas security is sensitive to future LNG investment
WW strike energy WA domestic gas security is sensitive to future LNG investment WA future domestic gas supply at risk from project delays Announced long term delays, investability concerns with remote high @ development costs Medium term delays from commercial @® complexity with joint venture and LN
Slide 11: Is WA's largest gas consumer emerging?
yoy strike energy Is WAs largest gas consumer emerging? North West Shelf LNG production and ; speculated backfill (TJ/d) = NWS owners likely to try and maximise LNG output whilst AUD is depressed (higher margins) = Oil price crash /COVID has created delays and deferments of major backfill candidates
Slide 12: Major uncertainty for WA domgas supply
yyw strike energy Major uncertainty for WA domgas supply Existing Domestic Market & Future Supply TJ/d 1,200 4 230 Browse 800 4 150 Scarborough 400 4 West Erregulla Ph1 ‘Waitsia Stg1 Gorgon Ph2 od \ 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Future Supply “WA Gas Market information from AEMO
Slide 13: Gas value chain diagram
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Slide 14: Sources & Costs of uncontracted WA Domgas supply
WO strike energy Sources & Costs of uncontracted WA Domgas supply Estimated Forward Breakeven Cost of Supply for Uncontracted Gas! (Relative $/GJ) = Size, quality and location to market, coupled with onshore costs base, makes Perth Basin Permian gas supply low cost. WA domestic demand met (41,200 TJ
Slide 15: Significant gas resources
Significant gas resources Excellent demand for gas Significant upside ‘Refer Important Notice on Slide 2 for Resource Estimate information. The strength of the project high-quality conventional gas of ~1.2 tcf gross 2C contingent resource’ Fully funded to deliver targeted FID on Phase-1 and commence
Slide 16: Strike Energy
strike energy
Strike Energy — Macquarie Mining and Energy Forum 2020 on 6ix