Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (August 2019)
9 slides from Strike Energy's shareholder meeting presentation, Aug 16, 2019
Slide 1: General Meeting 16th August 2019
Strike Energy Limited For personal use only General Meeting 16th August 2019 West Erregulla-2
Slide 2: Important Notice
Important Notice Summary information For personal use only This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 16 August 2019. The information in this presentation is of general background only and does not purport to be complete. The contents of
Slide 3: West Erregulla Update
West Erregulla Update § Significant conventional gas discovery in For personal use only secondary target, Wagina sandstone. § Primary targets, the Kingia and High Cliff sandstones, are yet to be encountered and pre-drill best estimate (P50) is for a prospective resource of 916bcf (gross)1. § Strike
Slide 4: West Erregulla the next in the fairway
West Erregulla the next in the fairway For personal use only If basin-ward conditions improve there is a Primary Target: Kingia High Cliff possibility of a better than Waitsia outcome § A direct analogue to the Waitsia conventional gas field (891PJ). § Had a pre-drill 69% chance of successful discov
Slide 5: Conventional Gas Discovery - Wagina Sandstone
Conventional Gas Discovery - Wagina Sandstone § Discovery appears analogous to Beharra Springs which is For personal use only only 9km from EP469 (West Erregulla). § Discovery has good reservoir development, is significantly over-pressured and is well defined on 3D seismic. Bright amplitudes corresp
Slide 6: Wagina Sandstone Stratigraphic Section
Wagina Sandstone Stratigraphic Section Stratigraphic Section: Flattened on Top Dongara For personal use only Beharra Springs-3 Beharra Springs N-1 Tarantula-1 ST-1 Warradong-1 West Erregulla-2 West Erregulla-1 20.8 MMCFD Dongara Tight Gas Sand >30 MMCFD 27.6 MMCFD Defined in Up WE1 by per Palynology
Slide 7: The West Erregulla Compounding Effect
The West Erregulla Compounding Effect For personal use only Strike Equity Ownership Perth Basin Conventional Gas Portfolio 50% 2,768 km² of net acreage with 40% of it prospective for Kingia- High Cliff (Waitsia) and Wagina (Beharra Springs) plays 100% § West Erregulla is on the cusp of unlocking a 1
Slide 8: Southern Cooper - Jaws Pilot Update
Southern Cooper - Jaws Pilot Update For personal use only § Water rates have now declined to 350 bwpd with ESP-2 (shut down) gauge showing stable pressure. § Instantaneous gas rates ranging between 20- 40 mscf/d whilst bottom hole pressure is held flat. § Bottom hole pressure has been held flat at E
Slide 9: For personal use only
For personal use only Page 9