Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (November 2013)
18 slides from Strike Energy's shareholder meeting presentation, Nov 22, 2013
Slide 1: Chairman's Address and AGM Presentation
ASX Announcement 22 November 2013 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement CHAIRMAN’S ADDRESS AND AGM PRESENTATION Please find attached: 1. Chairman’s address; and 2. Presentation to be given at the Annual General Meeting to be held at 11:00am today. Yo
Slide 2: Chairman's Address
STRIKE ENERGY LIMITED CHAIRMAN’S ADDRESS ANNUAL GENERAL MEETING – 22 NOVEMBER 2013 For personal use only Ladies and Gentlemen, Welcome to the Strike Energy 2013 Annual General Meeting. During the past year the Company overcame a number of hurdles to make significant progress in advancing its Souther
Slide 3: Chairman's Address (continued)
The Company has made a significant investment in the Eagle Ford to date and our strategy is to protect this investment and actively work to realise value for shareholders in 2014. The management team, led by David Wrench, is motivated and working hard to realise the potential value of Strike’s asset
Slide 4: Strike Energy Limited 2013 AGM
For personal use only STRIKE ENERGY LIMITED 2013 AGM Sydney, 22 November 2013 Strike Energy Limited - AGM 2013 1
Slide 5: Company Overview: Oil and Gas Projects
Company Overview: Oil and Gas Projects Strike is favourably positioned in highly prospective resource plays in two prolific hydrocarbon basins. For personal use only SOUTHERN COOPER BASIN EAGLE FORD SHALE Moomba PEL 95 PEL 94 PEL 95 PEL 94 PEL 96 PEL 96 6.3 - 16.4 Tcf 40-50 million boe potential Str
Slide 6: Southern Cooper Basin Gas Project
For personal use only SOUTHERN COOPER BASIN GAS PROJECT
Slide 7: Background
Southern Cooper Basin Gas Project: Background For personal use only Le Chiffre 1 is the first well of an important drilling program at our Southern Cooper Basin Gas Project Following the company’s 2012 Cooper Basin drilling activities and the recent binding gas sales term sheet signed with Orica, th
Slide 8: Overview
Southern Cooper Basin Gas Project: Overview The PEL 94, 95 and 96 permits host a massive gas resource. Forty (40) percent of Strike’s net resource is located in its operated PEL 96 For personal use only permit. Moomba 6.3 - 16.4 Tcf Strike’s share of recoverable sales gas in relation to the coals in
Slide 9: Strategic objectives
Southern Cooper Basin Gas Project: Strategic objectives The PEL 96 Phase One Area appraisal program and pilot production test project are key milestones in achieving For personal use only commercialisation. Moomba Confirm resource and reservoir characteristics, optimise production model PEL 95 PEL 9
Slide 10: PEL Phase One Area Appraisal
Southern Cooper Basin Gas Project: PEL 96 Phase One Area Appraisal The appraisal process is the first milestone on the path to commercialisation. For personal use only Timing 2013 Q4 2014 Q1 Tasks Site preparation Now Multi-well program Coring Klebb 1 Le Chiffre 1 Analysis Objectives Coal thickness
Slide 11: PEL Proposed Pilot Production Test Project
Southern Cooper Basin Gas Project: PEL 96 Proposed Pilot Production Test Project The objective of the pilot production test project will be to establish commerciality of the PEL 96 Phase One Area resource. For personal use only 2013 2014 2015 H1 Tasks Initial pilot testing Production Optimisation Su
Slide 12: PEL Phase One Area path to market
Southern Cooper Basin Gas Project: PEL 96 Phase One Area path to market The appraisal, testing and development timing for the PEL 96 Phase One Area will position Strike as the ‘frontrunner’ to meet the For personal use only forecast east coast gas shortage. Activity 2013 2014 2015 2016 2017 PEL 96 (
Slide 13: 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 14: Le Chiffre Update
Southern Cooper Basin Gas Project: Le Chiffre 1 Update For personal use only Well is currently drilling ahead at 1,588 metres Over 90 metres of core recovered to date including 20 metres of coal Two pressure core samples also recovered Preliminary gas readings are encouraging for coals at 1,500m Dri
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: Recent Lavaca and Fayette Activity
Eagle Ford Shale: Recent Lavaca and Fayette Activity Drilling and commercial production results demonstrate For personal use only the 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 18: Important Notice
Important Notice For personal use only This presentation does not constitute an offer, invitation or looking statements. recommendation to subscribe for, or purchase any security and neither Such statements relate to future events and expectations and as such involve this presentation nor anything c