STRIKE ENERGY LIMITED 2016 ANNUAL GENERAL MEETING Sydney, 11 November 2016 Managing Directors Presentation
2016 AGM: Strike Energy Limited 2016 Review Eastern Australian Gas Market Southern Cooper Basin Gas Project Update Forward Plan - Funding and Objectives Strike Energy Limited - 2016 AGM Presentation 2
2016 Key Highlights and Achievements Cooper Basin Multiple desorption events observed during FY2016 Major facility and pumping upgrade successfully completed Four wells now contributing to de-watering at Klebb pilot Demonstration…
EASTERN AUSTRALIAN GAS MARKET
Eastern Australian Gas Market: Gas prices trending higher Market gas pricing Industry response Government response Adelaide STTM Gas price 30 Collective industry intent Gas price spike a contributing factor to facilitate new gas…
Eastern Australian Gas Market: Summary Gas demand 40 Tcf over twenty years; LNG the dominant gas buyer Supply tightening Supply tightness emerging and likely to worsen by 2020 Gas prices Domestic gas prices already reflecting…
SOUTHERN COOPER BASIN GAS PROJECT
Eastern Australian Gas Market: Substantial Opportunity Prospective 2C Moomba Resource + Contingent Resource 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 Davenport…
Southern Cooper Basin Gas Project: Status Resource scale World class onshore gas resource ideally located. Reservoir Favourable reservoir characteristics provide high confidence in future project scale and productivity. Pilot…
Proof of Concept Proof of concept will be demonstration of sustained gas flows somewhat above what we have achieved already. Klebb production testing has repeatedly shown the ability to initiate gas flows: 1 Continuous de-watering…
Southern Cooper Basin Gas Project: Planned activities 2016 2017 H1 Objectives Planning Position project in 2017 H1 for initial development FID Pre-development planning and engineering Achieve first sales gas in 2018 Create…
Southern Cooper Basin Gas Project: Near-term value opportunity Moving to commerciality and booking first project reserves are the key catalysts that will drive near-term value. Initial development activities within the proposed new…
Southern Cooper Basin Gas Project: Medium-term option value Grant of the proposed new PRL, together with continued gas market tightness, will highlight the considerable option value available from the underdeveloped acreage across the…
FORWARD PLAN - FUNDING & OBJECTIVES
Raising 4.5m to Fund Operations Strike is conducting a 4.5 m Pro-Rata Non-Renounceable Rights Offer (Offer) 1 New share for every fourteen (14) Strike shares held. 0.07 per New Strike Share. Total raising up to 4.5 m (before…
Southern Cooper Basin Gas Project: Strikes Strategic Timeline Strategic objectives Timing Beyond 2020 Expanded resource delineation across STX acreage Cost competitive third party gas supply for LNG exporters 2020 2018…
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