ASX Announcement 5 April 2017 The Company Announcement Officer ASX Ltd via electronic lodgement East Coast Gas Presentation April 2017 Please find attached a presentation to be given today by Mr David Baker (Managing…
STRIKE ENERGY LIMITED Taylor Collison Limited: East Coast Gas April 2017
Introduction Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration company. The company is focused on the development of a substantial gas resource in the Southern Cooper Basin to meet Eastern…
Southern Cooper Basin Gas Project
Location, location, location ... and competitive economics ... Coal seam gas fundamentals Positive Economies Location Low Supply Cost Regulatory Industry Support of Scale Environment Access to market Supply gap Alignment…
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: High confidence in commercial outcome Strikes 2013 discovery of thick coal seams in the primary Patchawarra target zone (net 65m) indicated the transformational potential of the SCBGP. Subsequent to this discovery the Company…
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…
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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