STRIKE ENERGY LIMITED SCHROEDER EQUITIES AUSTRALIAN RESOURCES CONFERENCE Zurich, March 2016 Strike Energy Limited Schroeder Equities Australian Resources Conference 1
Strike Energy Limited Overview 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…
Executive Summary Tightening gas market driving Eastern Australian gas price increases Strike controls the only new, large scale gas project with the essential pre-requisites for successful development Southern Cooper Basin Gas…
Eastern Australian Gas Market: Supply tightness emerging Australias east coast gas demand has historically been supplied from conventional reserves in the Cooper Basin (SA) and the Gippsland Basin in Bass Strait. These reserves are in…
Eastern Australian gas market: Gas price trending higher Eastern Australian gas prices are trending up the only energy market in the world to be experiencing price increases. Eastern Australian gas prices are responding to market…
Eastern Australian Gas Market: Substantial opportunity for Strike Prospective 2C Resource + Contingent Resource Moomba PEL 94 2,702 Bcf PEL 95 3,817 Bcf Marsden 1 PEL 96 4,492 Bcf* Total 11,011 Bcf PEL 94 PEL 95 PEL 96 Phase…
Eastern Australian Gas Market: Substantial opportunity for Strike Strikes multi-Tcf gas resource, directly connected to the 40 Tcf Eastern Australian gas market, is ideally placed to be a competitive supply solution. In the short term,…
Southern Cooper Basin Gas Project: Key activities/milestones 2013-2016 In less than three years Strike has used a disciplined approach to rapidly progress from a large multi-Tcf resource discovery, to technical feasibility and towards…
Southern Cooper Basin Gas Project: Essential pre-requisites for development A successful gas resource development needs to deliver on all of the essential pre-requisites below Scale Location Low Supply Cost Capital-lite…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Scale Location Low Supply Cost Capital-lite Industry Support PEL 95 PEL 94 STX 50% STX 35% PEL 96 STX 66.67% 11 Tcf PELA 640 STX 100%…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Scale Location Low Supply Cost Capital-lite Industry Support Cooper Basin key hub for Eastern Australian gas markets Gladstone SCBGP is directly…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Scale Location Low Supply Cost Capital-lite Industry Support Well type curve PEL 96 well full cycle costs (undiscounted) Stable production phase…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Scale Location Low Supply Cost Capital-lite Industry Support Strikes analysis highlights the steepness of the Eastern Australian gas supply cost curve.…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Scale Location Low Supply Cost Capital-lite Industry Support Typical greenfields development upfront capital SCBGP upfront capital X Downstream Export…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Scale Location Low Supply Cost Capital-lite Industry Support Signed GSAs evidence the collective industry intent to facilitate new gas supply Mount Isa…
Southern Cooper Basin Gas Project: Essential pre-requisites for development Over the past few years Strike has been able to demonstrate the SCBGP is the only project of scale that can deliver on the essential pre-requisites for…
Southern Cooper Basin Gas Project: Status update Operations Update Record gas volumes produced in February 2016 with increases in peak and average gas flow rates at Klebb 2 and Klebb 3. A series of tests at both wells have…
Southern Cooper Basin Gas Project: Targeting cashflow generation Sales Gas sales Cashflow Processing and Demonstration Project compression Production Klebb 1, 2, 3 & 4 Production Wells Klebb 2 and Klebb 3 pump Klebb 4…
Southern Cooper Basin Gas Project: Potential scale San Juan Basin, New Mexico Southern Cooper Basin Gas Project PEL 95 PEL 94 Fruitland Coal Fairway PEL 96 PELA 640 San Juan Basin Outline Fruitland Coal Fairway…
Southern Cooper Basin Gas Project: Potential value The graph below highlights the revenue potential of fully developed Eastern Australian onshore gas resources. 75B 5/GJ 1 Tcf = 1,000 Bcf 1 Bcf 1 PJ 1 PJ = 1,000,000 GJ 7/GJ 1…
Opportunity summary Tightening gas market driving Eastern Australian gas price increases Strike controls the only new, large scale gas project with the essential pre-requisites for successful development Southern Cooper Basin…
Important Notice This presentation does not constitute an offer, invitation or recommendation to subscribe for, Contingent Resource Estimate or purchase any security and neither this presentation nor anything contained in it shall form…
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