Strike Energy Limited · ASX:STX
Strike Energy — Good Oil Conference 2013
21 slides from Strike Energy's conference presentation, Sep 3, 2013
Slide 1: Good Oil Conference Presentation ASX Announcement
ASX Announcement 3 September 2013 For personal use only The Company Announcement Officer ASX Ltd via electronic lodgement “GOOD OIL CONFERENCE” PRESENTATION Please find attached a presentation to be given by David Wrench at the “Good Oil Conference” in Perth today. Yours faithfully DAVID WRENCH Mana
Slide 2: Strike Energy Limited - Good Oil Conference
For personal use only STRIKE ENERGY LIMITED Good Oil Conference Fremantle, 3 September, 2013
Slide 3: Company Overview: Corporate
Company Overview: Corporate For personal use only Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration and production company. The company is focussed on the development of major unconventional and conventional oil and gas projects. Current Australian activit
Slide 4: 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 PEL 95 PEL 94 PEL 96 6.3 - 16.4 Tcf 40-50 million boe potential Strike’s share of recoverable s
Slide 5: Company Overview: Key Project Activities
Company Overview: Key Project Activities For personal use only H2 2013 2014 PROJECT SOUTHERN COOPER BASIN GAS PROJECT Three initial appraisal wells - benchmarks definitively tested Activity Pilot production testing to evaluate productivity of coals and determine optimal well design offtake Status Ju
Slide 6: Company Overview: Near-term Value Upside
Company Overview: Near-term Value Upside For personal use only H2 2013 2014 SOUTHERN COOPER BASIN GAS PROJECT Events Impact Increasing Value Positive early appraisal results ‘Success’ case delivers positive funding outcome Reserve (2P) certification Successful pilot testing Strong value attributed t
Slide 7: Southern Cooper Basin Gas Project
For personal use only SOUTHERN COOPER BASIN GAS PROJECT
Slide 8: Southern Cooper Basin Gas Project: Favourable Location
Southern Cooper Basin Gas Project: Favourable Location For personal use only PEL 95 PEL 94 Mount Isa Gladstone PEL‘s 94, 95 and 96 are ideally located with direct access Brisbane to infrastructure Moomba connecting to Eastern Australian gas markets PEL 96 Sydney Adelaide Melbourne Hobart The Souther
Slide 9: Southern Cooper Basin Gas Project: Supply Opportunities
Southern Cooper Basin Gas Project: Supply Opportunities The Cooper Basin is known as Australia’s most prolific onshore hydrocarbon basin. Appraisal expenditures in excess of $500 million For personal use only are delineating the unconventional resource potential including, gas composition, flow rate
Slide 10: Southern Cooper Basin Gas Project: Value Drivers
Southern Cooper Basin Gas Project: Value Drivers Strike is targeting shallower coal seams in the Southern part of the Cooper Basin, a play which differs considerably from the basin centred For personal use only and shale gas plays in the deeper parts of the basin. Significant discoveries were made i
Slide 11: Southern Cooper Basin Gas Project: Resource Scale
Southern Cooper Basin Gas Project: Resource Scale Strike’s Southern Cooper Basin Gas Project has access to a significant prospective resource of between 6.3 and 16.4 Tcf* (net to Strike) in For personal use only the primary coal source rock of the Cooper Basin. *Tcf = Trillion cubic feet = 1,000 Bcf
Slide 12: Southern Cooper Basin Gas Project: Project Appraisal
Southern Cooper Basin Gas Project: Project Appraisal Strike’s appraisal and initial development plan (Phase One Area) is to focus on its PEL 96 permit area (STX 66.67% and operator) and For personal use only establish a new, sustained, scalable and profitable gas resource to supply the Eastern Austr
Slide 13: PEL 96 Phase 1 Area: Development Concept
PEL 96 Phase 1 Area: Development Concept For personal use only Plan View PEL 96 Phase 1 Area vertical section Fairview 800m - 1800m PEL 96 Phase 1 Area 1500m - 2000m Not to scale Section View (A-B) Spacing Well Completed Coal OGIP Min Rec EUR BCF Phase 1 Well Assumptions (acres) count Thickness (m)
Slide 14: PEL 96 Phase 1 Area: Development Concept Economics
PEL 96 Phase 1 Area: Development Concept Economics For personal use only Fairview CSG field analogue PROJECTED WELL ECONOMICS • Depths 800 - 1800 metres Hydrocarbons in place 12.5 PJ/well • Net coal thickness 10-15 metres Estimated Ultimate Recovery (“EUR”) 2.9 PJ/well PEL 96 Phase 1 Area Recovery f
Slide 15: Southern Cooper Basin Gas Project: Path to Market
Southern Cooper Basin Gas Project: Path to Market For personal use only Activity 2013 2014 2015 2016 2017 2018 2019 2020 PEL 96 (STX Operator) - Phase One Area Confirmation Appraisal Pre-production wells Successful production testing Completion and production testing FID Project Infrastructure Produ
Slide 16: 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 17: Eagle Ford Shale
For personal use only EAGLE FORD SHALE
Slide 18: 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 19: Eagle Ford Shale: Hydrocarbon Fairways
Eagle Ford Shale: Hydrocarbon Fairways The Eagle Ford Shale trend can be sub-divided into For personal use only Volatile Oil three primary hydrocarbon productive fairways based Window on depth and thermal maturity of the source rocks; the -10,000’ to - dry gas fairway, the gas condensate fairway and
Slide 20: 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 21: 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