STRIKE ENERGY LIMITED INVESTOR PRESENTATION June 2015
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 and rapid commercialisation of a substantial…
Investment Summary World scale onshore gas resource substantial supply opportunity Fully funded commercialisation program to unlock project potential Gas offtake contracts in place with Orica, Orora, Brickworks - 17mln…
Southern Cooper Basin Gas Project: Asset summary Strike has discovered a world-scale onshore multi-Tcf gas resource favourably located under a gas pipeline connected directly to Eastern Australian gas markets. Subject to commerciality…
Southern Cooper Basin Gas Project: Strikes strategic objectives Strategic objectives Timing Supply targets 2020/21 Production 5 Tcf over 20 years FID Equivalent to gas supply Cost competitive third party gas for one LNG train…
Southern Cooper Basin Gas Project: Comparison to recent large gas discoveries Strikes 2013 appraisal drilling program confirmed the presence of a world scale gas resource. In 2014, this prospective gas resource in Strikes PEL 96 permit…
Southern Cooper Basin Gas Project: Potential value /share 1.66 Broker 1 1.50 1.32 Broker 2 1.20 Broker 3 1.00 0.50 0.14 / Share 0.14 Current Broker unrisked share price valuations Notes: Broker 1 - EUROZ Broker 2…
Southern Cooper Basin Gas Project: Unlocking the potential Commercial Resource Initial Production Infrastructure Market Production [PEL 96] PEL 96 4.5 Tcf Sustained gas flows 40 Tcf demand over next STX resource connected to…
Southern Cooper Basin Gas Project: PEL 96 next phase of testing Klebb 3 200m SW Klebb 1 200m NE Klebb 2 PEL 96 Weena Depth 1,930m trough Enhanced Klebb flow test Vm3 Vm3 Vm3 3 wells fracture stimulation of the Vu Upper…
Southern Cooper Basin Gas Project: PEL 96 commercialisation strategy The next phases of the PEL 96 appraisal program are specifically designed to convert contingent resources to reserves and increase the projects resource base…
Southern Cooper Basin Gas Project: Value summary Significant opportunity for value accretion as Strike targets 5 10 Tcf Australian east coast addressable gas market opportunity Resource delineation - 2016 [+++ reserves &…
Investment Summary World scale onshore gas resource substantial supply opportunity Fully funded commercialisation program to unlock project potential Gas offtake contracts in place with Orica, Orora, Brickworks - 17mln…
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