Strike Energy Limited · ASX:STX
Strike Energy — Euroz Oil & Gas Explorers (November 2014)
16 slides from Strike Energy's conference presentation, Nov 27, 2014
Slide 1: ASX Announcement: Euroz Oil & Gas Explorers
ASX Announcement 27 November 2014 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement “EUROZ OIL & GAS EXPLORERS” Please find attached a presentation to be given by Mr David Wrench (Managing Director) at the “Euroz Oil & Gas Explorers” update to be hosted by Euroz
Slide 2: Euroz Oil & Gas Explorers Presentation
For personal use only STRIKE ENERGY LIMITED EUROZ OIL & GAS EXPLORERS PRESENTATION 27 November 2014
Slide 3: Company Overview: Corporate
Company Overview: Corporate For personal use only Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration and production company. The company is focused on the development of a substantial gas resource in the Southern Cooper Basin to meet Eastern Australian gas
Slide 4: Company Overview: Assets
Company Overview: Assets For personal use only Australia, Southern Cooper Basin USA, Texas Moomba PEL 515 Permian Basin PEL 95 PEL 94 PEL 515 TEXAS PELA 640 PEL 96 PEL 96 Eagle Ford Shale Eaglewood JV (Louise field) 0 20 Kilometers SOUTHERN COOPER BASIN, AUSTRALIA TEXAS, USA Strike Energy Limited -
Slide 5: Southern Cooper Basin Gas Project
For personal use only SOUTHERN COOPER BASIN GAS PROJECT
Slide 6: Executive summary
Southern Cooper Basin Gas Project: Executive summary For personal use only Large gas resource, direct access to infrastructure -> Eastern Australian gas markets Production testing underway - encouraging early gas shows Targeting initial 2P reserve certification in 2015 Strike Energy Limited - Euroz
Slide 7: Favourable location
Southern Cooper Basin Gas Project: Favourable location For personal use only Strike’s PEL 94, 95, 96 and PELA 640 permits are ideally located with direct access to infrastructure connecting to Eastern Australian gas markets. Moomba Permit STX working Operator interest Marsden 1 96 66.67% Strike 95 5
Slide 8: Appraisal activities
Southern Cooper Basin Gas Project: Appraisal activities For personal use only Three wells, Le Chiffre 1, Klebb 1 and Davenport 1 have been drilled in Strike’s permit areas, PEL 96 and PEL 94. Each well has been completed in the Patchawarra coals with a range of fracture stimulation treatments. The V
Slide 9: What had we observed?
Southern Cooper Basin Gas Project: What had we observed? For personal use only In 2013 Strike drilled two appraisal wells in PEL 96, Le Chiffre 1 and Klebb 1, with the objective of obtaining core, log and other data. This was followed in June 2014 by well stimulation, completion, flowback and testin
Slide 10: Production testing program status
Southern Cooper Basin Gas Project: Production testing program status ~40km ~8km For personal use only Davenport 1 Klebb 3 ~200m SW Klebb 1 ~200m NE Klebb 2 Le Chiffre 1 PEL 94 PEL 96 Milperra Depth 1,905m Weena Depth 1,930m Depth 1,830m trough trough Perforation Vm3 Vm3 No frac net 16m Vm3 Vm3 Vm3 V
Slide 11: Preliminary observations
Southern Cooper Basin Gas Project: Preliminary observations For personal use only The commissioning phase of the production test program has already resulted in very encouraging early gas shows. Parameters Measurement/Observation Comment Water Reductions in reservoir pressure have been achieved Earl
Slide 12: Phase One Area resource potential
Southern Cooper Basin Gas Project: Phase One Area resource potential For personal use only A development plan based on 120 acres per well results in approximately 280 well locations (187 net to Strike) in the PEL 96 Phase One Area. The graph below highlights the resource potential of 280 wells for a
Slide 13: Commercialisation program – next steps
Southern Cooper Basin Gas Project: Commercialisation program – next steps For personal use only Activities Objectives Reserve certification Initial 2P reserves Reserve definition: Drill additional wells Reserve delineation Phase One Area Phase One area focus Le Chiffre pilot: Drill and complete offs
Slide 14: Activities/milestones - target gas production
Southern Cooper Basin Gas Project: Activities/milestones - target gas production For personal use only Appraisal well drilling, completion and initial flow testing have confirmed that the Patchawarra coals host a potentially large, low cost gas resource with high deliverability. Resource Target gas
Slide 15: Opportunity Summary
Opportunity Summary For personal use only World-scale resource market demand Appraisal program successfully completed Production testing commenced - encouraging early results Potentially compelling economics Rapid commercialisation program key milestones 2014/15 Established path to market Successful
Slide 16: Important Notice
Important Notice For personal use only This presentation does not constitute an offer, invitation or Such statements relate to future events and expectations and as such recommendation to subscribe for, or purchase any security and involve known and unknown risk and uncertainties, many of which are
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