Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (November 2024)
16 slides from Strike Energy's shareholder meeting presentation, Nov 28, 2024
Slide 1: Annual General Meeting Chair's Address and MD Presentation
28th November 2024 ASX: STX The Company Announcement Officer ASX Ltd via electronic lodgement Annual General Meeting Chair’s Address and MD Presentation Please find attached the following items to be presented at Strike Energy Limited’s Annual General Meeting to be held at 11:00 am (AWST) today. • C
Slide 2: Chair's 2024 Annual General Meeting Address
Chair’s 2024 Annual General Meeting Address Good morning ladies and gentlemen and welcome to the 2024 Annual General Meeting of Strike Energy Limited. My name is John Poynton, and I am the Chair of Strike Energy. Firstly, I would like to acknowledge the Traditional Owners of the land on which we mee
Slide 3: Chair's address (continued): West Erregulla and Erregulla Deep
Strike has been progressing another leg of this Strategy at the neighbouring West Erregulla, where we just made a significant new gas discovery with the Erregulla Deep-1 well. Erregulla Deep may have a substantial new gas resource and positive implication on the existing Reserves at West Erregulla.
Slide 4: Annual General Meeting November 2024
Annual General Meeting 28 November 2024 On the journey to be the lowest cost and lowest carbon onshore producer of gas and energy in Australia.
Slide 5: Managing Director's Address
Managing Director’s Address On the journey to be the lowest cost and lowest carbon onshore producer of gas and energy in Australia.
Slide 6: Cautionary note and disclaimer
Cautionary note and disclaimer Summary information This presentation contains summary information and statements about Strike Energy Limited (ASX:STX) (Strike), its subsidiaries and their respective activities, which is current as at the date of this presentation (unless otherwise indicated). The in
Slide 7: Commitment to safety, diversity & the environment
Commitment to safety, diversity & the environment 2024 Highlights 0.66 TRIFR1 2,060 tonnes of CO2-e Zero Hectares of better than IOGP2 emissions avoided native vegetation benchmark of at Walyering disturbed 0.84 Safer Cleaner Greener Diversified Younger 42% 82% female of staff staff below 50 years 1
Slide 8: Operational achievements
Operational achievements >10 PJs of energy produced to date with >98% availability New gas discoveries at Walyering-7 & Erregulla Deep 2 major seismic campaigns completed 5 wells drilled Deepest well ever drilled onshore Australia at 5,225m 7
Slide 9: 1-Year into being WA's newest gas producer: Walyering
1-Year into being WA’s newest gas producer Walyering WA’s first greenfield gas development in over a decade >10 $77m of revenues generated to date PJe of gas and condensate produced to date o FID 8 months post discovery well o Discovery to production in only 21 months o 33 TJ/d Gas Processing Facili
Slide 10: South Erregulla Peaking Gas Power Station
South Erregulla Peaking Gas Power Station Surveyed 330 KV corridor Existing 132 KV line Production Transmission Corridor Post FID Licence L24 $250m NPV₈ 27% IRR² 85 MW Peaking Power Plant Strike’s 3,500ha Precinct Wind: up to 310 MW at 45% net CF CCS: 4.8mt 2C CO2 storage1 >20 years of 2P Gas Reserv
Slide 11: A growing endowment of low-cost natural gas
A growing endowment of low-cost natural gas Operator in all permits, except L7/EP437 Total Discovered Reserves & Resources Strike Independent Perth Basin 2P Reserves, 2C Resources and Erregulla Deep 2U (PJe)1 139 811 EP437 L7 25% 25% Lockyer 17% N. Erregulla 374 Erregulla Deep Waitsia (STX 50%) West
Slide 12: WA Energy Market – reducing supply & reliability
WA Energy Market – reducing supply & reliability WA (oil and gas) wells drilled per Lack of Reserves WA Gas storage withdrawals (PJ) Draw on storage Basin per year replacement 194 4 180 158 0 108 89 -81% 73 60 61 -4 51 35 33 38 17 21 21 9 11 -8 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Q1/2
Slide 13: Perth Basin – an M&A hotspot
Perth Basin – an M&A hotspot Acquisition values/offers versus relative aggregate Since the hotly contested acquisition of the 50% 2P Reserve and 2C Resource Volumes for Perth non-operated stake in West Erregulla for $460m, Basin M&A West Erregulla’s value has benefited from: 4 Production Licence 3 P
Slide 14: Central to WA's energy transition
Central to WA’s energy transition 13
Slide 15: Reserves and resources information
Reserves and resources information Reserves and Resources Estimates Information in this presentation relating to the Reserve and Resource Estimates for: • The West Erregulla Project is set out in the ASX announcement dated 27th July 2022 entitled “West Erregulla Reserves Upgraded by 41%”. Strike equ
Slide 16: Forward Looking Statements and other information
Forward Looking Statements and other information Forward looking statements This presentation contains forward looking statements about Strike. Often, but not always, forward looking statements can be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “