STRIKE ENERGY LIMITED Excellence in Oil & Gas Conference, Sydney 11-12 March 2014
Company Overview: Corporate Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration and production company. The company is focused on the development of a substantial gas resource in the Southern…
Company Overview: Assets Australia, Southern Cooper Basin USA, Texas Moomba Marsden 1 PEL 95 Permian Basin Davenport 1 Le Chiffre 1 PEL 94 Klebb 1 TEXAS Eagle Ford Shale PEL 96 Eaglewood JV (Louise field) 0 20…
SOUTHERN COOPER BASIN GAS PROJECT
Southern Cooper Basin Gas Project: The opportunity A massive investment program, involving an initial 6 LNG trains at Gladstone, Queensland, is unlocking onshore gas resources by connecting these resources to global energy demand. The…
Southern Cooper Basin Gas Project: The opportunity The substantial LNG investment has increased the value of onshore gas reserves. Moreover, 'netback' pricing is establishing a similar pricing level for gas supply, whether destined for…
Southern Cooper Basin Gas Project: The opportunity More than 85% of 2P gas reserves in Eastern Australia are coal seam gas based. In the Cooper Basin, the gas saturated coals are an increasing focus of commercial appraisal to meet…
Southern Cooper Basin Gas Project: Executive summary Strikes appraisal drilling confirms presence of world scale gas resource - 4.5 Tcf prospective resource (PEL 96 net to Strike) directly under Moomba to Adelaide Gas Pipeline…
Southern Cooper Basin Gas Project: Favourable location Strikes PEL 94, 95 and 96 permits are ideally located with direct access to infrastructure connecting to Eastern Australian gas markets. Moomba Marsden 1 Permit STX working…
Southern Cooper Basin Gas Project: Resource upgrade Following appraisal drilling, the mean estimate of the prospective resource within Strikes PEL 96 pemit increased to 4.5 Tcf (Phase One Area 1.25 Tcf). This resource is located directly…
Southern Cooper Basin Gas Project: Target interval at optimal depth Strikes appraisal program has confirmed the presence of thick, dry/gas saturated coals. The target interval at Le Chiffre 1 and Klebb 1 is in the optimal gas generation…
Southern Cooper Basin Gas Project: Well drilling and completion costs Strike has completed an independent review of production well drilling and completion costs based on actual results achieved during the recent drilling program and…
Southern Cooper Basin Gas Project: Unconventional gas play economics Strikes Southern Cooper Basin Gas Project will require modest recoveries per well to achieve break-even Strike Energy Limited - Excellence in Oil & Gas -…
Southern Cooper Basin Gas Project: Unconventional gas play economics Produced gas Break-even Recovery vs Well Capex volume per well Bcf Break-even gas volume well capex 3.5 10 20 in millions Well capex is the primary…
Southern Cooper Basin Gas Project: Unconventional gas play economics Well capex and sales gas price are the key determinants of the required break-even sales gas volume per well. Where gas is extracted from water saturated zones (e.g.…
Southern Cooper Basin Gas Project: PEL 96 Phase One Area economics Based on a 6/GJ price for sales gas delivered into MAPS pipeline and drilling and completion costs of 3.5 million per well Strike needs to recover 1.5 - 2.0 Bcf of raw…
Southern Cooper Basin Gas Project: Rapid commercialisation program To date, unconventional appraisal in the Cooper basin has been characterised by high costs, slow progress and long-dated commerciality. The drivers of these outcomes have…
Southern Cooper Basin Gas Project: PEL 96 Phase One Area path to market The production testing and development timing for the PEL 96 Phase One Area positions Strike as the frontrunner to meet the forecast east coast gas shortage. The 1.2…
Southern Cooper Basin Gas Project: Potential to deliver enormous value Subject to early reserves maturation in the PEL 96 Phase One Area, Strike will pursue a monetisation path to fully capture the value of the large, contiguous and…
Opportunity Summary World-scale resource market demand Appraisal program successfully completed Production testing next step in project development Potentially compelling economics Rapid commercialisation program Established…
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