Strike Energy Limited · ASX:STX
Strike Energy — Petroleum Club of WA (April 2020)
14 slides from Strike Energy's conference presentation, Apr 30, 2020
Slide 1: Petroleum Club of WA
0 strike | energy Petroleum Club of WA 30 April 2020
Slide 2: Summary information
yoy strike energy Summary information This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 30% April 2020. The information in this presentation is of general background only and does not purport to be complete. The contents of this presentation sh
Slide 3: Unprecedented times in the US but underlying good news for WALNG
yyw strike energy WTI Daily Oil Price YTD (USD/bbl) 15 10 0 -5 Source: eia T 01.02. 01.03. 01.04. Actuals and Estimated Associated and shale gas production y-o-y change (bcf/d) from Rystad Consulting | 07/18 01/19 07/19 01/20 07/ 01721 Unprecedented times in the US but underlying good news for WALNG
Slide 4: Opportunity for WA LNG
yoy strike energy Opportunity for WA LNG 0.70 0.65 4 0.60 4 AUD to USD Exchange Rate YTD Relative Short Run Marginal Cost Curve in USD, of selected Global LNG regions (2019) Upwards input cost pressure (HH) Downwards input cost pressure (FX) 4 01.01. 01.02. 01.03. Source: XE 01.04. Qatar WALNG SEAsi
Slide 5: Is WAs largest gas consumer emerging?
yoy strike energy Is WAs largest gas consumer emerging? North West Shelf LNG production and speculated backfill (TJ/d) Lo ha 1,600 800 20 21 22 23 24 25 26 27 28 29° 30 HE NWSLNG Prod Mil Waitsia?? [1] Clio-Acme netback pricing could evolve as the new non-domestically reserved floor price for WA gas
Slide 6: What does LNG netback pricing look like for WA gas?
yyw strike energy US LNG marginal price net backed to WA usp gas price per GJ (AUD & USD) Ml auD $7.5 I so. Priceof Shippingto NWSLNG 10% losses FX Pipeline WA LNG additional Asia Toll (est) (0.70 USD) Charge Netback US LNG Gas Price LNG netback pricing for WA gas could be between A$5.50-$6.50 GJ Wh
Slide 7: Uncertainty increasing in WA domgas market
yoy strike energy Uncertainty increasing in WA domgas market Existing Domestic Market & Future Supply TJ/d co ccceeeeeegeeceececneee Ti/d. 1,200 4 es Tid 230 Browse 800 4 . 150 Scarborough 400 4 West Erregulla Ph1 ‘Waitsia Stg1 Gorgon Ph2 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Future Su
Slide 8: W.Erregulla new 3D / Minjiny 3D
W.Erregulla new 3D ▪ ▪ ▪ ▪ ▪ ▪ Minjiny 3D ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 9: Progress Continues
yoy strike energy Progress Continues West Erregulla Gas Project Delivery | Discovered Resource oy High Confidence | | Additional subsurface info — Drilling program | | Foundation Gas Sales oy Wenn vers | | Concept Select ye « | Post FID Finance a « | Final Investment Decision | Phase 2 Development a
Slide 10: Perth Basin - Permian Gas Fairway
Wow strike energy Perth Basin - Permian Gas Fairway North Perth Basin permits inside the Permian Gas Fairway ™ Size, quality, productivity and ; location of these fields will = = Permian gas fairway outline | enable a low cost ) \ development ™ Some of the largest conventional onshore gas fields eve
Slide 11: Domestic Storage Demand
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Slide 12: Sources & Costs of uncontracted WA Domgas supply
yoy strike energy Sources & Costs of uncontracted WA Domgas supply Estimated Forward Breakeven Cost of Supply for Uncontracted Gas! (Relative $/GJ) Il Perth Basin (In Demand) {0 Other In Demand {7 Out of Demand L Estimated Transmisson Cost (Perth) WA domestic demand met (41,200 TJ/d) Perth Basin Var
Slide 13: 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 its FID on Phase-1 and commence expl
Slide 14: Strike Energy
strike energy