Strike Energy Limited · ASX:STX
Strike Energy — Good Oil and Gas Energy Conference 2021
14 slides from Strike Energy's conference presentation, Sep 8, 2021
Slide 1: Perth Basin Gas Update
Perth Basin Gas Update
Slide 2: Summary information
yoy strike Summary information This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 8 September 2021. The information in this presentation is of general background only and does not purport to be complete. The contents of this presentation should
Slide 3: Gas value chain: reserves to domestic demand and export
Dom Storage dem Reserves Production Processing Transmission Domestic Conversion Ex demand to LNG Storage Reserves Production Processing Transmission Conversion Export to LNG Do Storage Storage d Domestic Reserves Reserves Production Processing Production Storage Processing Transmission Transmission
Slide 4: The Permian Gas Fairway: view from South Erregulla
40 30 20 10 O - : View from South Erregulla | : \ : 2223 = 3 > : 0. Strike The Permian Gas Fairway Lower Kingia Net Pay (m) : Near Fop-Garynginia Shale} + a = = Mea Braga 3 $2 s%°% ee West Bavgalla 5 Wea eeu 2 Wes Brezue 2 (Wen Bragulla 4 a Q Waitsia Hl West Erregulla Beharra ; Ex, : } eu f se <a Ha
Slide 5: Consistent geological outcomes from the Permian Gas Fairway
ye . Consistent geological outcomes from the strike , Permian Gas Fairway pendirmre-entry 14% phi and.colmletion ain StrOMBBasshows » ‘ 4 : ae of conventional reservoir (2s te peemn EresmaT | development = Spud. in late Nov gaiNest Erregulla 5 y ‘ Large pronounced 2m net pay at 10% Cae J sfeieture =
Slide 6: Strike's acreage at the centre of attention
0. Strike Strike’s acreage at the centre of attention ] T Strike, Beach/Mitsui and Minres/Norwest = Strike has proven correlation between | Permian Portfolio’s structurally conformable amplitudes and gas ; : Lockyer Deep / prone permeable sandstones. Wait \ ™ North Erregulla . . Mel sia y As = Disco
Slide 7: Major seismic illuminates South Erregulla
strike Maior seismic illuminates South Erregulla \ U ms at M21 L-001 PSTM ¢ | M21 L-002 PSTM : — somereoue | | t = Pb | | —~ M21 L001 SWEETNESS = Recently acquired Maior 2D seismic data confirms presence of large continuous structure at South Erregulla and increases confidence ahead of drilling = So
Slide 8: Walyering & Jurassic Wet Gas Appraisal
yoy strike STX 400% in all —_ ™ The Walyering conventional gas discovery was made in the permits Jurassic wet gas play (at 3,400m SS) and flowed ~14 TJ/d Walyering & Jurassic Wet Gas Appraisa Ocean Hill ™ The play has supported other commercial gas projects at Gin-Gin and Red Gully. ™ Post 3D seismi
Slide 9: Exploration, Appraisal and Production Testing
yoy strike Exploration, Appraisal and Production Testing » All permits for CY21 activities submitted or approved. = Some minor delays have impacted long lead delivery due to COVID affected shipping. = Rig slot secured for WES re-entry. * Optional slot remaining for follow-on appraisal or possible ge
Slide 10: WA Govt supporting downstream projects
WA Govt supporting downstream projects ot strike through investment and domgas policy Strike interpretation of the WA Government response: 1. Gas suppliers who support and enable downstream development may be considered for exemptions to the domgas policy and allowed to access LNG export capacity 2.
Slide 11: North West Shelf LNG production and sanctioned backfill
yoy strike North West Shelf LNG production and sanctioned backfill (TJ/d, year) 2,400 1,600 800 20 21 22 23 24 25 Mi Waitsia HY Pluto-NWS HE NWS LNG Prod LNG netback pricing could emerge as the new non-domestically reserved floor price for WA gas Source: Rystad Energy GasMarketCube, Ucube and Strike
Slide 12: What does LNG netback pricing look like for Strike Perth Basin gas?
yy trik What does LNG netback pricing look like for e Strike Perth Basin gas? Perth Basin LNG Spot netback gas price per GJ usp (AUD & USD, as at 7" Sept 2021) Aub = Atcurrent prices an incremental 20.3 “1.0. Pm ee 9 AS14/GJ margin could 18 127 | be achieved should =_—— LNG spot netback pricing occu
Slide 13: Greater Erregulla Phase
yoy strike Greater Erregulla Phase 1 West Erregulla Gas Project Resources Confirmed Resources & Reserves Reserves Pending with All EP’s submitted awaiting approvals Foundation Gas Sales! Australian Gas Development Plan Q) Infrastructure Group BOO 87TJ/d Omecauarie up to $28m Pre-Development facility
Slide 14: Slide 14
Strike Energy — Good Oil and Gas Energy Conference 2021 on 6ix