Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (December 2018)
22 slides from Strike Energy's shareholder meeting presentation, Dec 14, 2018
Slide 1: Chairman's Address and AGM Presentation
ASX Announcement 14 December 2018 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement CHAIRMAN’S ADDRESS AND AGM PRESENTATION Please find attached the following items to be presented at Strike Energy Limited’s Annual General Meeting to be held at 10.30am today in
Slide 2: Chairman's Address Annual General Meeting
STRIKE ENERGY LIMITED CHAIRMAN’S ADDRESS ANNUAL GENERAL MEETING 14 DECEMBER 2018 Ladies and Gentlemen, The last financial year has been a significant one for Strike with the implementation of Strike’s For personal use only refreshed strategy and execution of its ‘Jaws’ project in the Cooper Basin fr
Slide 3: Chairman's closing remarks
STRIKE ENERGY LIMITED To you my fellow shareholders, I extend my sincere appreciation for your ongoing support. My fellow Board members and I are looking forward to the future with confidence and hope that we can deliver significant value over the balance of the 2019 financial year. John Poynton AO
Slide 4: Strike Energy Limited AGM December 2018
Strike Energy Limited For personal use only AGM 14 December 2018 Stuart Nicholls CEO & Managing Director Jaws-1 horizontal well 2018
Slide 5: Important Notice
Important Notice Summary information For personal use only This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 24 October 2018. The information in this presentation is of general background only and does not purport to be complete. The contents o
Slide 6: Strike poised to become the next mid-cap O&G company
With two significant landholdings in Australia’s premium onshore O&G basins, Strike is poised to become the next mid-cap O&G company For personal use only Strike is a highly attractive Conventional Gas Portfolio Australian domestic gas 2,768 km² of net acreage with 40% prospective for Kingia- invest
Slide 7: Executing Strike's Strategy
Executing Strike’s Strategy Strike has continued to deliver on its revised transformational strategy For personal use only since the new Board & Management took over some 18 months ago: 1. Subsurface Focus: Klebb ‘Technical Success’ & Perth Basin Kingia High-cliff play entry 2. Rapid Technology Depl
Slide 8: Southern Cooper Basin Gas Project
Southern Cooper Basin Gas Project For personal use only Page 5
Slide 9: Excellence in Operations
Excellence in Operations Safety For personal use only Zero lost time incident across its operations over the last reporting year. Some ~120 contractors and staff visited or worked on the Jaws site during the execution. Technical Excellence Direct Fracture In collaboration with Halliburton exec
Slide 10: Jaws-1 – Progress Update
Jaws-1 – Progress Update Jaws-1 Gas Production (mscf/d) For personal use only 140 120 100 80 60 40 20 21/11/18 December 13/12/18 Jaws-1 horizontal flare Gas Production Gas production began in-line with modelling (October) with low baseline production and surging. End November to present has show
Slide 11: The SCBGP is transformational for the East Coast
The SCBGP is transformational for the East Coast 3 world scale To LNG Markets Major infrastructure For personal use only Upstream thick coal seams with significant Moomba spare capacity Gas Plant Vm3 Upside 15m Moomba Gas Plant 450 TJ/d To Sydney Moomba to Vu Upper 8.55 BCF/ km² 35m Adelaide PEL 95
Slide 12: Perth Basin
Perth Basin For personal use only High Cliff Sand from Field Visit to Perth Basin Page 9
Slide 13: Strike acquisition of UIL on track
Strike acquisition of UIL on track A Prominent Perth Basin Position For personal use only Strike plans to build a material domestic gas business in the Perth Basin to complement its extensive Cooper Basin position. Transaction Rationale Technical 1. Follow-on activity in the highly prospective Kingi
Slide 14: Strike's major position in the Kingia High Cliff
Strike’s major position in the Kingia High Cliff Existing regional 2D lines show For personal use only Kingia-High Cliff Sand Sequence similar lead potential in EPA-82 & Combined 1,121 km² of net acreage 98 as West Erregulla. West Erregulla QI work by Strike has shown that porosity preservation
Slide 15: West Erregulla – Advanced Reprocessing
West Erregulla – Advanced Reprocessing Original New Amplitude For personal use only Amplitude Maps Maps Defined structurally conformable amplitudes & abrupt Kingia Sands shut offs display crisp gas / water contacts Improved Quantitative Interpretation (QI) on commercial porosity preservation Direct
Slide 16: West Erregulla-2 Multiple Stacked Plays
West Erregulla-2 Multiple Stacked Plays Kingia High Cliff Perth Basin For personal use only (Waitsia Analogue) West Erregulla Conventional Gas (BCF) Kingia- High Cliff Prospective Resource2 STX OGIIP 100% Share Low Estimate 285 570 (P90) Best Estimate 442 884 (P50) High Estimate 620 1,240 (P10) Basa
Slide 17: UIL – Southern Permits
UIL – Southern Permits For personal use only Covers a diverse range of conventional and Large acreage position unconventional plays, including the Ocean bounded by discoveries Hill and Walyering discoveries, which are proven to contain both gas and liquids. Includes Ocean Hill, a potential near
Slide 18: Diversified Combined Portfolio
Diversified Combined Portfolio UIL’s and Strike’s Portfolios generate excellent division For personal use only across the exploration / value creation funnel Discovery & Appraisal Ocean Southern Kingia - High Hill Unconventional Cooper Basin Cliff EPA82 Prospect Other Deep Coal Development & Product
Slide 19: Potential major news flow over the next ~7 months
Potential major news flow over the next ~7 months For personal use only Southern Cooper Basin1 Material gas Commercial Maiden Flows Success Reserve Jaws-2 December STX June’19 10 CPS2 Perth Basin Consolidation of Walyering 3D West Erregulla-2 WE-2 Outcome UIL & Strike campaign3 Spud4 portfolios 1. M
Slide 20: Strike Energy Limited
Strike Energy Limited For personal use only Strike has a portfolio of high quality and Board of Directors Securities Exchange potentially transformational gas projects John Poynton (Chair) ASX: STX Jody Rowe capable of delivering material near term value Andrew Seaton Market Capitalisation Stuart Ni
Slide 21: An Experienced Board with a High Performance Team
An Experienced Board with a High Performance Team Journey since For personal use only Board of Directors April 2017 Trusted Advisor Chairman John Poynton AO Cit WA New Board Subsurface Consultant Tony Cortis Australian Business Leader Governance & Finance From Shell International Global Geology Excl
Slide 22: Strike & UIL Combined Acreage Position
Strike & UIL Combined Acreage Position1 For personal use only Operator STX/UIL Gross Area Gross Area STX/UIL Net STX/UIL Net Permit Basin Lifecycle Target (Parent) Position (Acres) (km2) Area (acres) Area (km²) PEL 94 Cooper Basin Exploration Deep Coal Seam Gas Beach 35% 222,963 902 78,037 316 PEL 9