Strike Energy Limited · ASX:STX
Strike Energy — Macquarie Energy Equities Series (July 2021)
23 slides from Strike Energy's conference presentation, Jul 16, 2021
Slide 1: Strike Energy Limited - Macquarie Energy Equities Series
Strike Energy Limited Macquarie Energy Equities Series July 2021 An Integrated Energy, Fertilisers & 1 Renewables Developer
Slide 2: Important Notice
Important Notice Summary information the Company believes that the expectations reflected in these statements are This presentation contains summary information regarding Strike Energy and its reasonable, they may be affected by a variety of variables and changes in subsidiaries current as at 16th J
Slide 3: Fully integrated energy, renewable power and fertilisers
Fully integrated energy, renewable power and fertilisers Project Haber Fertilisers 1.4mtpa Wholesale Urea Sales Raw Gas Ammonia/Urea Raw Gas Sales Transmission Production Direct Urea Sales Hydrogen Electrolyser Identification Production Core competency drives integrated value Geothermal Industrial s
Slide 4: Net Zero Scope 1 & 2 2030
Net Zero Scope 1 & 2 2030 4
Slide 5: Domestic Gas Business
Domestic Gas Business
Slide 6: Appraisal results support strong commercial outcomes
Appraisal results support strong commercial outcomes West Erregulla 5 West Erregulla 3 32m net pay at 10% phi Suspended pending re- Test in late July-21 entry and completion West Erregulla 4 28m net pay at 11% phi 35mmscfd Legend West Erregulla 2 Future Appraisal 58m net pay at 14% phi F
Slide 7: Perched water at WE4 vs field wide contact
Perched water at WE4 vs field wide contact JVP interpretation indicates: ‘Gas water contact’ at 4,635m ss Gas at WE4, 5 and 2 under water? Inconsistent with other physical, measured and interpreted results Water freely communicating across multiple tight or impermeable rocks Strike interpret
Slide 8: Perched water: definition and diagnostics
Perched water: definition and diagnostics Perched Water: Movable water above the transition zone that is not directly connected to the actual free-water table of a given hydrocarbon column. Perched water is not rare, but rather atypical with several examples throughout the North West Shelf Con
Slide 9: WE4 water zone has atypical chemistry
WE4 water zone has atypical chemistry Water from WE4 has anomalously low salinity (~2,000 to 4,000 ppm) compared to offset data across the North Perth Wicherina-1 IRCM Wicherina-1 Kingia Basin. Wicherina-1 HCSS Cliff Head IRCM and Successive water samples HCSS taken during clean trend to Fresh W
Slide 10: Regional aquifer must be >10kppm salinity
Regional aquifer must be >10kppm salinity WE Field saturation with regional water at 10,000 ppm Regional salinity is estimated to be 23k ppm Converting regional water down to 10k ppm salinity shows some streaky gas and water zones in WE2, 4 & 5, inconsistent with observed results to date WE2 pro
Slide 11: WE4 core supports early fresh water depositional environment
WE4 core supports early fresh water depositional environment WE4 core data – trace fossils suggestive of transgressive coastal environment Saline environment Salinity Brackish fresh water Perched estuarine water? WE4 core analysis indicates an estuarine fresh water depositional environment during
Slide 12: Greater Erregulla Phase 1
Greater Erregulla Phase 1 West Erregulla Gas Project Resources Confirmed Sufficient Resources & Reserves Reserves Pending with NSAI All EP’s submitted awaiting Environmental Approvals approvals Foundation Gas Sales2 Development Plan BOO 87TJ/d Pre-Development Funding up to $28m Pre-Development facil
Slide 13: Prices are continuing to rise
Prices are continuing to rise WA Spot Gas Price ($/GJ) Reserves replacement not occurring 5 + Looming mid-decade 4 undersupply +128% + 3 Gas demand rising = 2 Q1/17 Q1/18 Q1/19 Q1/20 Q1/21 Rising Price Environment WA’s spot gas price has continued its vertical ascent since 2020 Source: Compiled usin
Slide 14: Second half operational activity
Second half operational activity South Erregulla-1 Walyering-5 Maior 2D seismic Set for a transformational second half of 2021 14
Slide 15: Mid West Geothermal Power Project
Mid West Geothermal Power Project
Slide 16: WE4 flow test partially de-risks Strike's geothermal play
WE4 flow test partially de-risks Strike’s geothermal play WE4 well head temperature Evidence of Kingia reservoir whilst testing the Kingia permeability sufficient to ~~ ~~ support fluid production ~~ 115º Evidence that Kingia fluid can support high well head transfer temperatures ~~ ~ ~ Minimal heat
Slide 17: Perth Basin Geothermal
Perth Basin Geothermal Strike’s reservoir modeling from the Permian Fairway shows that equivalent quality non-gas 3,500km² of Prospective Geothermal bearing, water wet sandstones: Acreage o could flow >13,000 bbls of water per day Waitsia unassisted. o have bottom hole temperatures of >175º. Str
Slide 18: Project Haber Fertiliser Development
Project Haber Fertiliser Development
Slide 19: Project Haber Update
Project Haber Update Project Haber – Proposed 1.4mtpa Urea Plant Offtake Round 2 closes today, expecting strong responses. Project equity and debt advisors selected. Continued positive engagement with potential operators. Submission of carbon credit (ACCU) accreditation and methodology inclu
Slide 20: Project Haber – reducing Australia's urea carbon footprint
Project Haber – reducing Australia’s urea carbon footprint Average CO2 intensity of urea imported to Australia vs Project Haber (tonnes of CO2e per tonne of urea) CO2e-urea Net impact by Project Haber Green Energy footprint of Aus Stretch 0.10 -0.08 -50% -0.38 -61% Gas 0.62 -0.01 0.46 0.93 -11% 0.36
Slide 21: Strike's gas endowment is Australia's hydrogen enabler
Strike’s gas endowment is Australia’s hydrogen enabler Oakajee Development: Renewables park and future proponents green infrastructure Clean Energy 20ktpa of green Innovation Park ammonia Project Haber Up to 5,000MW of Arrowsmith Hydrogen capacity planned Project Haber: Project Proposed dedicated 10
Slide 22: Strike: scope 1 & 2 net zero by 2030
Strike: scope 1 & 2 net zero by 2030 Strike’s projected net carbon production from its various projects and operations CO2e-kt p.a. base lined at 2019 *all numbers are Strike share Scope 1 & 2 Scope 3 Offset Target Scope 1 & 2: Aspired Scope 3: Net Zero 2030 Net Zero Plan 562 140 Surplus Offset 752
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