Strike Energy Limited · ASX:STX
Strike Energy — Investor Presentation (June 2012)
21 slides from Strike Energy's investor presentation, Jun 25, 2012
Slide 1: Investor Presentation – Our Strengths
Strike Energy Limited ABN 59 078 012 745 25 June 2012 For personal use only The Company Announcement Officer OUR STRENGTHS ASX Ltd via electronic lodgement • Quality Assets • Experienced Team • Major Growth Potential INVESTOR PRESENTATION Please find attached Strike Energy’s investor presentation. Y
Slide 2: Substantial Exposure to World-Class Unconventional Plays
For personal use only SUBSTANTIAL EXPOSURE TO WORLD-CLASS UNCONVENTIONAL PLAYS – THE EAGLE FORD SHALE & THE COOPER BASIN – INVESTOR PRESENTATION JUNE 2012
Slide 3: Contents
CONTENTS For personal use only STRIKE ENERGY EAGLE FORD SHALE SOUTHERN COOPER BASIN OTHER ASSETS Page 1
Slide 4: Strike Energy: Substantial Exposure to the Unconventional Oil & Gas Sector
For personal use only STRIKE ENERGY SUBSTANTIAL EXPOSURE TO THE UNCONVENTIONAL OIL & GAS SECTOR Page 2
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only EAGLE FORD SHALE SOUTHERN COOPER BASIN ~9,500 (net) acres in the gas- ~4,600 (net) km2 (~1.1m acres) QUALITY ASSETS condensate fairway with unconventional potential 25 – 40 Mmbbl (net) resource 6+ Tcf (net) prospective gas LARGE RESOURCE potential resource
Slide 6: Company Overview
COMPANY OVERVIEW For personal use only SNAPSHOT (21 JUNE 2012) FULLY FUNDED Corporate office Sydney, Australia ~A$16 million cash at 15 June 2012 US operations base Houston, USA • All exploration and development commitments fully funded David Wrench – Managing Director Key management Ben Thomas – Pr
Slide 7: Key Assets
KEY ASSETS For personal use only EAGLE FORD SHALE SOUTHERN COOPER BASIN MARSDEN 1 DAVENPORT 1 34,793 (gross) / 9,568 (net) acres of Eagle Ford Shale 16,000 km2 / 4 million acres (net) of permits and applications, focused on the attractive gas-condensate fairway including 4,600 km2 of key unconventio
Slide 8: Active Exploration and Development Program
ACTIVE EXPLORATION AND DEVELOPMENT PROGRAM For personal use only SUCCESSFUL COOPER BASIN EVALUATION DRILLING PROGRAM COMPLETED EAGLE FORD SHALE PRODUCTION TEST DRILLING PROGRAM UNDERWAY AND FULLY FUNDED Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar OUTCOME 2012 2012 2012 2012 2012 2012 2012 2013 2013 2103
Slide 9: Leverage to the USA's Premier Unconventional Liquids Play
For personal use only THE EAGLE FORD SHALE LEVERAGE TO THE USA’S PREMIER UNCONVENTIONAL LIQUIDS PLAY Page 7
Slide 10: USA's Premier Unconventional Liquids Play
USA’S PREMIER UNCONVENTIONAL LIQUIDS PLAY For personal use only THE EAGLE FORD SHALE TREND LIQUIDS RICH • The Eagle Ford Shale produces high- value oil and condensate • Over-pressured formations generate strong flow rates • Superior economics to dry gas plays HEIGHTENED ACTIVITY • Over 2,800 drillin
Slide 11: Significant Position
SIGNIFICANT EAGLE FORD SHALE POSITION For personal use only STRIKE’S LEASE AREA PRODUCTION TEST DRILLING UNDERWAY BIGHAM 1H PRODUCTION TEST WELL CURRENTLY DRILLING • Targeting Eagle Ford Shale & Lower Austin Chalk – a “Chalkeford” play • Expected well completion and production around October • Drill
Slide 12: Value Creation Strategy
VALUE CREATION STRATEGY For personal use only DEVELOPMENT VALUE CURVE EARLY PRODUCTION • Technical evaluation has confirmed presence of Eagle Ford Shale and Lower Austin Chalk within Strike’s lease area • Bigham 1H aims to demonstrate production potential • Subsequent wells will optimise well perfor
Slide 13: Southern Cooper Basin
For personal use only SOUTHERN COOPER BASIN A LARGE POSITION WITHIN AUSTRALIA’S LEADING UNCONVENTIONAL PLAY Page 11
Slide 14: Australia's Most Prospective Unconventional Region
AUSTRALIA’S MOST PROSPECTIVE UNCONVENTIONAL REGION For personal use only FORECAST EAST COAST GAS SUPPLY & DEMAND GAS DEMAND FORECAST TO TRIPLE BY 2016 • Demand from Queensland LNG plants under construction plus increased role for gas in the clean energy future • East coast gas prices forecast to rea
Slide 15: Very Large Cooper Basin Position
VERY LARGE COOPER BASIN POSITION For personal use only STRIKE’S KEY UNCONVENTIONAL PERMITS VERY LARGE PERMIT AREA Over 4,600 km2 (1.1 million acres) prospective for unconventional Skipton 1 (Senex) exploration Talaq 1 (Senex) PERMIT INTEREST OPERATOR SIZE (km2 net) Sasanof 1 PEL 96 67% Strike 2,707
Slide 16: Marsden – Coals + Shales with Liquids Potential
MARSDEN 1 – COALS + SHALES WITH LIQUIDS POTENTIAL For personal use only MARSDEN 1 WELL LOCATION, PEL 95 HYDROCARBON POTENTIAL • Encountered over 800 metres of Toolachee, Roseneath, Epsilon and Murteree (‘REM’) and Patchawarra • Existing 2D seismic shows formations extend over wide area • Elevated ga
Slide 17: Davenport – Shales + Exceptionally Thick Coals
DAVENPORT 1 – SHALES + EXCEPTIONALLY THICK COALS For personal use only DAVENPORT 1 WELL LOCATION, PEL 94 HYDROCARBON POTENTIAL • Encountered thick Toolachee, REM and Patchawarra • Over 110 metres of net coal, including a 45 metre thick Patchawarra coal – the thickest known coal in the Cooper Basin •
Slide 18: Value Creation Strategy
VALUE CREATION STRATEGY For personal use only UNCONVENTIONAL ACREAGE & CAPITALISATION v PEERS CONFIRM RESOURCE POTENTIAL • Evaluation drilling has confirmed coal and shale thicknesses • Existing 2D seismic shows coals & shales extend across wide area • Early laboratory analysis has confirmed gas & h
Slide 19: Other Assets
For personal use only OTHER ASSETS OPTION VALUE + CASHFLOW FROM CONVENTIONAL PRODUCTION Page 17
Slide 20: Production + Option Value
PRODUCTION + OPTION VALUE For personal use only PRODUCTION OPTION VALUE Multiple ready-to-drill prospects CARNARVON BASIN -- WA 460 P straddles multi-Tcf Palta Five exploration permits, prospect to be drilled by Shell from an Western Australia adjacent permit in late 2012 Conventional production ~30
Slide 21: Important Notice
IMPORTANT NOTICE For personal use only IMPORTANT NOTICE This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance shou