Investor Update June 2015 Growing Production Profile Low Cost / High Margin Oil Accelerating Exploration Programme Themes Multiple Price Catalysts New Technology on Proven Fields 100% StrataX Owned Potentially Explosive Growth…
Strata-X Energy is a TSX.V / ASX dual listed company TSX.V Shares: 57,238,623 ASX Listed CDIs: 99,346,354 Management Ownership Total Shares: 156,584,977 Incentive Options: 6,570,000 Ron Prefontaine 10% Chairman Market Cap:…
Low Risk Opportunities Upcoming Drilling Blue Spruce Discovery Continue Development of 1.2 mmbbl field (P2 Reserves)1 Drill 2 Development Wells Lingle Development Development Ahead of Drilling 23.6 mmbbl resource (net Estimated…
Illinois Basin Key Attributes 100% of 46,600 net acres Immediate multi-well program targets additional low risk By-Passed Pay oil field discoveries which can be developed profitability at oil prices as low as 25/bbl1 Existing…
What We Have Achieved Significant Ground Positions Strategic 46,600 net acres Confirmed first By-Passed Pay Oil Field 1.2 mmbbl net oil1 12 additional follow-up projects with comparable attributes Production Wells to cost 250k…
Illinois Basin Cooper Basin Murta Zone Comparison Illinois Basin Cooper Basin2 Oil Type Light Oil 38 Gravity Light Oil Drilling Depths 900 m 1,200 m Success Rate 75% 45% Payback 9 mo1 18 mo Infrastructure Excellent Good…
Illinois Basin By-Passed pay Oil fields What We Intend To Do Multi-well program to delineate low cost, low risk oil in By-Passed Pay Oil Fields New advanced mapping has thus far identified 12 potential By-Passed Pay projects Less…
How do we intend to do it By-Passed Pay Oil Fields More than 10,000 wells have been drilled in the prospect area, most 50+ years ago using primitive techniques Numerous robust fields were found but many smaller, yet highly…
Illinois Basin Large Upside in the Lingle Oil Field Established Large Oil Accumulation Not to scale Over 100 historical wells define the field 1 billion bbl PIIP 236 mmbbls PIIP net to Strata-X acreage 1 Phase 2 23.6 mmbbls…
Illinois Basin Pathways Lingle Oil Field 23.6 mmbbls net accumulation1 Burkett 5-34HOR Next Raccoon Creek Lateral First proof of concept Drill vertical Raccoon Creek pilot 2x longer then Burkett 5-34HOR horizontal test reached…
Illinois Basin Opportunity June July Aug Sept Lingle Oil Field Horizontal Burkett 5-34HOR Production Vertical Raccoon Creek Drill Test Aux Vases By-passed pay Blue Spruce 1 Production Blue Spruce 2 Drill Production Blue…
Illinois Basin Elements for Success in Place Elements in Place for Success Proven Leadership and Management Team Large land base to develop with multiple horizons Multiple Light Oil Targets Low Risk By-Passed Pay oil fields 12…
Illinois Basin Summary Elements in Place for Success Targeted Results1 Increase 2P In 6 months = 3 to 6 mmbbl1 Increase Production In 6 months= 200 bopd1 Increase NPV in 6 months= 100 to 175 million1 And this, from the team…
Definitions 1P = Proven Reserves Waterflood = water is injected into the reservoir, usually to increase pressure and thereby 2P = Proven + Probable Reserves stimulate production BBL = Barrels Proven Reserves = reserves claimed to…
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