Strike Energy Limited · ASX:STX
Strike Energy — Investor Presentation (July 2013)
23 slides from Strike Energy's investor presentation, Jul 22, 2013
Slide 1: ASX Announcement: Company Overview Investor Presentation
ASX Announcement 22 July 2013 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement COMPANY OVERVIEW INVESTOR PRESENTATION Strike Energy Limited (Strike) is pleased to provide an updated investor presentation, including the recent Company developments in the Souther
Slide 2: Strike Energy Limited Company Overview Investor Presentation July 2013
For personal use only STRIKE ENERGY LIMITED COMPANY OVERVIEW Investor Presentation July 2013
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 focussed on the development of major unconventional and conventional oil and gas projects. Current Australian activit
Slide 4: Company Overview: Oil and Gas Projects
Company Overview: Oil and Gas Projects Strike is favourably positioned in highly prospective resource plays in three prolific hydrocarbon basins. For personal use only SOUTHERN COOPER BASIN EAGLE FORD SHALE CARNARVON BASIN 114 00’ E PEL 95 WA-460-P (Strike) PEL 94 Exmouth 22 00’ S Palta 1 Well Prosp
Slide 5: Company Overview: Key Project Activities
Company Overview: Key Project Activities For personal use only H2 2013 2014 PROJECT SOUTHERN COOPER BASIN GAS PROJECT Three initial appraisal wells - benchmarks definitively tested Activity Pilot production testing to evaluate productivity of coals and determine optimal well design Status offtake ag
Slide 6: Company Overview: Near-term Value Upside
Company Overview: Near-term Value Upside For personal use only H2 2013 2014 SOUTHERN COOPER BASIN GAS PROJECT Events Impact Positive early appraisal results ‘Success’ case delivers positive funding outcome Reserve (2P) certification Successful pilot testing Strong value attributed to large resource
Slide 7: Southern Cooper Basin Gas Project
For personal use only SOUTHERN COOPER BASIN GAS PROJECT
Slide 8: Southern Cooper Basin Gas Project: Favourable Location
Southern Cooper Basin Gas Project: Favourable Location For personal use only PEL 95 PEL 94 Mount Isa Gladstone PEL 94, 95 and 96 are ideally located with direct Brisbane access to infrastructure Moomba connecting to Eastern Australian gas markets PEL 96 Sydney Adelaide Melbourne Hobart The Southern
Slide 9: Southern Cooper Basin Gas Project: Supply Opportunities
Southern Cooper Basin Gas Project: Supply Opportunities The Cooper Basin is known as Australia’s most prolific onshore hydrocarbon basin. Appraisal expenditures in excess of $500 million are delineating For personal use only the unconventional resource potential including, gas composition, flow rate
Slide 10: Southern Cooper Basin Gas Project: Value Drivers
Southern Cooper Basin Gas Project: Value Drivers Strike is targeting shallower coal seams in the Southern part of the Cooper Basin, a play which differs considerably from the basin centred and For personal use only shale gas plays in the deeper parts of the basin. Significant discoveries were made i
Slide 11: Southern Cooper Basin Gas Project: Resource Scale
Southern Cooper Basin Gas Project: Resource Scale Strike’s Southern Cooper Basin Gas Project has access to a significant prospective resource of between 6.3 and 16.4 Tcf* (net to Strike) in the For personal use only primary coal source rock of the Cooper Basin. *Tcf = Trillion cubic feet = 1,000 Bcf
Slide 12: Southern Cooper Basin Gas Project: Project Appraisal
Southern Cooper Basin Gas Project: Project Appraisal Strike’s appraisal and initial development plan (Phase One Area) is to focus on its PEL 96 permit area (STX 66.67% and operator) and establish a For personal use only new, sustained, scalable and profitable gas resource to supply the Eastern Austr
Slide 13: Southern Cooper Basin Gas Project: Path to Market
Southern Cooper Basin Gas Project: Path to Market For personal use only Activity 2013 2014 2015 2016 2017 2018 2019 2020 Confirmation PEL 96 (STX Operator) - Phase One Area Appraisal Pre-production wells Successful production testing Completion and production testing FID Project Infrastructure Produ
Slide 14: Orica and Strike gas offtake deal
Southern Cooper Basin Gas Project: Orica and Strike gas offtake deal For personal use only KEY DEAL HIGHLIGHTS Orica as foundation customer for up to 150 PJ Up to $52.5 million as partial prepayments for gas PEL 95 PEL 94 Strike retains operator status (no farm-down) and retains 66.67% of PEL 96 per
Slide 15: Eagle Ford Shale
For personal use only EAGLE FORD SHALE
Slide 16: Eagle Ford Shale: Strike Acreage Overview
Eagle Ford Shale: Strike Acreage Overview Strike holds 27.5% (10,680 net acres) in the Cypress For personal use only Eagle Ford Shale project, located in Lavaca and Fayette counties, Texas • Acreage acquired over two years • Favourable positioning on-trend with highly productive fields in Lavaca and
Slide 17: Eagle Ford Shale: Hydrocarbon Fairways
Eagle Ford Shale: Hydrocarbon Fairways The Eagle Ford Shale trend can be sub-divided into three For personal use only Volatile Oil primary hydrocarbon productive fairways based on depth Window and thermal maturity of the source rocks; the dry gas -10,000’ to - fairway, the gas condensate fairway and
Slide 18: Eagle Ford Shale: Recent Lavaca and Fayette Activity
Eagle Ford Shale: Recent Lavaca and Fayette Activity Drilling and commercial production results demonstrate the For personal use only north-eastern extension of the Eagle Ford Shale trend • Commercial production rates are being achieved from Penn Virginia (PVA) and Magnum Hunter Resources in Lavaca
Slide 19: Eagle Ford Shale: Evaluation Plan and Potential Value Uplift
Eagle Ford Shale: Evaluation Plan and Potential Value Uplift $/acre For personal use only • Strike’s first well Bigham 1H (30 days - 223 Boe/d) in the gas condensate window, however was not completed in the optimum horizon. • production sweetspots • scale benefits • The learning from analysis of pro
Slide 20: Carnarvon Basin
For personal use only CARNARVON BASIN
Slide 21: Carnarvon Basin
Carnarvon Basin For personal use only CARNARVON BASIN PERMITS Five permits - 1,200 km2 (net) Four operated by Strike High working interest - average 44% PALTA PROSPECT 13.5 Tcf gas-in-place estimated by Strike Approximately 20% (~2.5 Tcf) prospect mapped in WA-46-P - Strike 33% Palta 1 spudded by Sh
Slide 22: Opportunity Summary
Opportunity Summary For personal use only Landmark Cooper Basin Gas offtake agreement with Orica Significant prospective resources in place Strong position in Southern Cooper Basin and Eagle Ford Shale Leverage to positive near-term drilling results Substantial value upside potential Commercialisati
Slide 23: Important Notice
Important Notice For personal use only This presentation does not constitute an offer, invitation or recommendation Such statements relate to future events and expectations and as such involve to subscribe for, or purchase any security and neither this presentation nor known and unknown risk and unc