ASX Announcement 15 March 2017 The Company Announcement Officer ASX Ltd via electronic lodgement Australian Domestic Gas Outlook 2017 Conference Presentation March 2017 Please find attached a presentation to be given today…
STRIKE ENERGY LIMITED Exploring the supply options for a domestic gas market still short March 2017
Introduction Eastern Australian gas prices Innovative funding Pre-requisites for successful development of low cost supply projects for the domestic market Strike Energy Limited 5th Annual Australian Domestic Gas Outlook…
How are Eastern Australian gas prices responding to market tightness
Wholesale domestic gas pricing Major domestic gas users have historically relied upon long term bilateral contracts predominantly from Gippsland and Cooper Basins. Since 2013 the availability of forward wholesale gas for 5-10 year…
Developing an innovative mix of funding sources for domestic gas customers
Funding options for Strike in a curiously constrained capital market Typical exploration Increase in exploration funding sources funding innovation Equity capital 13 Million + Gas off take 17 Million Equity capital +…
Critical pre-requisites for successful development of low cost supply projects for the domestic market
Location, location, location ... and competitive economics ... Coal seam gas fundamentals (in the current market) Positive Economies Location Low Supply Cost Regulatory Industry Support of Scale Environment Access to…
Scale and Location 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 Davenport 1 STX 50% Mount Isa One Area 1,123 Bcf*…
Low Gas Supply Cost: Key Parameters The geological and reservoir characteristics in each gas field define the overall quantity and quality and ultimate recovery of the gas resource. Geology varies between gas basins with implications for…
SCBGP: Primary risks to low supply cost: Permeability Typically CSG reservoirs are commercialised where they are shallower than 1,000m due to the stress induced by the overburden and resulting closure of cleats and natural fractures. In…
SCBGP: Primary risks to low supply cost: Thermal Maturity & Resource Concentration Typically increases with burial history (maximum depth). Southern Patchawarra Cooper coals have a Vitrinite reflectance of 0.6%-0.8%, which is within the…
SCBGP: Reservoir Fundamentals The southern Cooper coals are thick, competent, consistent and continuous over tens of kilometres. The wells are cased and fracture stimulated so that de-watering is from the target seams only and not from…
SCBGP: Status of pilot appraisal The remaining key objective for the Klebb pilot is to confirm the range of gas content of the Vu Coal at Klebb, which represents approximately 50% of the target Patchawarra coals. Flow testing has…
SCBGP: Transformational potential of low supply cost outcome Gas flows from the Klebb pilot are expected to confirm the remaining reservoir parameters that determine commercial potential. The enormous scale of the prospective resource…
Initial customer base in place: Clear pathway to gas production 1.5 million acres, ideally located southern Cooper coals 11 Tcf prospective resource 90 million expended on exploration, appraisal and pilot production Funding…
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