Strike Energy Limited · ASX:STX
Strike Energy — Strike Oil — Shareholder Meeting (November 2004)
21 slides from Strike Energy's shareholder meeting presentation, Nov 18, 2004
Slide 1: AGM Presentation & Chairman's Address
G Strike Oil 18 November 2004 Australian Stock Exchange Ltd Via Electronic Lodgement STRIKE OIL Level 16, f 26 St George's e Perth Western Australia 6000 Ouse Phone 64 8 92. Facsinde: 518 4446 25 4448 Email sivike@strikeoil.com.au www SIIKSOL. COM Bu AGM PRESENTATION & CHAIRMAN’S ADDRESS Please find
Slide 2: Chairman's Address to the Annual General Meeting
STRIKE OIL LIMITED (ABN 59 078 012 745) CHAIRMAN’S ADDRESS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF STRIKE OIL LIMITED HELD AT THE PRESIDENTS ROOM, CELTIC CLUB 48 ORD STREET, PERTH, WESTERN AUSTRALIA ON THURSDAY 18 NOVEMBER 2004 AT 1.00PM LADIES AND GENTLEMEN Lam pleased to welcome you all t
Slide 3: Chairman's Address (continued)
will have a significant positive impact for the Company and its investors. This is especially true with the expected continuation of a high oil price regime and the potential for any discoveries to be tied into existing infrastructure in the area, thereby reducing capital costs and development time.
Slide 4: Annual General Meeting Activities Review November 2004
G Strike Oil ANNUAL GENERAL MEETING ACTIVITIES REVIEW 18 NOVEMBER 2004 Simon Ashton - Managing Director
Slide 5: Current Projects
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Slide 6: Active drilling program and significant prospect portfolio
F Strike Oil ‘Strike Oil Li ye with | — Active drilling program about to commence — Extensive acreage position with many prospects and leads — Major seismic programs starting in the new year — Active new ventures commitment producing liFICANT PROSPECT PORTFOLIO BASIS FOR ONGOING GROWTH
Slide 7: Australia permit and infrastructure map
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Slide 8: Western Australia permits map
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Slide 9: Unique coincidence ready to drill oil targets
|G strikeOil unique COINCIDENC 5 READY TO DRILL OIL TARGETS ENSCO 56 DRILLING RIG HIGH % EQUITIES US$45/BBL poo | OIL PRICE SOUND BALANCE SHEET
Slide 10: Immediate Carnarvon Basin prospects
|GstrikeOil immediate Carna Gross Prospect Oil Potential Operator (Millions Barrels recoverable) Mean Upside Altostratus 1 (90%) Strike Oil M. australis 21 48 C.halosa 16 37 N.gracilis 12 29 Mungaroo 3 5 Boojum 1 (50%) 6 11 Tap Cooper 1 (formerly Champion 1) (40%) 12 23 Strike Oil Vesta 1 (16.2%) 9
Slide 11: Three prospects
GStrikeOil THREE PROSPECTS Altostratus Ce Proposed Atostratus + ON _aper = Ory, 20 miilion bbls 50+ million bbis Tana me nme Legend © Petroleum walt @hm Gas Fietas ‘Gay Oi Fietes <P Prospects and Leads} BD) Steve Oit Permits
Slide 12: Boojum-1
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Slide 13: Strike Oil
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Slide 14: |G strike Oil
|G strike Oil Legend mo Ges pete On trend with Rough Range and Leatherback, Griffin, Chinook oil fields 4 way structural closure Upside potential 23 million barrels Low cost drilling Scope for low cost development
Slide 15: Gstrikeoil
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Slide 16: Cooper Basin
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Slide 17: Drilling program timeline 2004-2006
| F strike Oil 2004 2005 2006 CARNARVON BASIN 2¢ Half 1st Half 24 Half 1st Half TP/17 TP/18 EP 325 WA-261-P WA-261-P TP/6 TP/19 EP 403 EP 41(1) COOPER BASIN PELA 71 ATP 633 ATP 633 Altostratus 1 Boojum 1 Cooper.1 Vesta 1. Gats 1°
Slide 18: Seismic program timeline
| F strike Oil _ SEISMIC COOPER BASIN PELA 71 ATP 633 2004 2005 2006 CARNARVON BASIN 2°4 Half 41st Half 204 Half 4st Half TP/G EP 424/110 — TP/9/EP421 : er WA-340-P ao
Slide 19: Strike Oil Program: Carnarvon Basin wells plus seismic
|G strikeOil Strike Oil Progra Carnarvon Basin 9 wells plus seismic
Slide 20: Unique opportunity to create shareholder wealth
\Gstrikeot @ UNIQUE OPPORTUNITY TO CREATE SHAREHOLDER WEALTH @® IMMEDIATE ACTION WITH HIGH VALUE LEVERAGE 5 Carnarvon Basin wells — December 2004 to June 2005 Meaningful interests, 16.2% - 90% @® SUSTAINABLE GROWTH Additional 7 wells planned in extensive acreage Major seismic programs in 2005 Team w
Slide 21: GF Strike Oil
GF Strike Oil