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Annual General Meeting Presentation – Strike Energy Ltd

Strike Energy Ltd · Aug 16, 2019 · 8 slides

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Slides

  1. Annual General Meeting Presentation – Strike Energy Ltd – slide 1
    Strike Energy Limited General Meeting 16th August 2019 West Erregulla-2
  2. Annual General Meeting Presentation – Strike Energy Ltd – slide 2
    West Erregulla Update Significant conventional gas discovery in secondary target, Wagina sandstone. Primary targets, the Kingia and High Cliff sandstones, are yet to be encountered and pre-drill best estimate (P50) is for a…
  3. Annual General Meeting Presentation – Strike Energy Ltd – slide 3
    West Erregulla the next in the fairway If basin-ward conditions improve there is a Primary Target: Kingia High Cliff possibility of a better than Waitsia outcome A direct analogue to the Waitsia conventional gas field (891PJ). Had a…
  4. Annual General Meeting Presentation – Strike Energy Ltd – slide 4
    Conventional Gas Discovery - Wagina Sandstone Discovery appears analogous to Beharra Springs which is only 9km from EP469 (West Erregulla). Discovery has good reservoir development, is significantly over-pressured and is well defined…
  5. Annual General Meeting Presentation – Strike Energy Ltd – slide 5
    Wagina Sandstone Stratigraphic Section Stratigraphic Section: Flattened on Top Dongara Beharra Springs-3 Beharra Springs N-1 Tarantula-1 ST-1 Warradong-1 West Erregulla-2 West Erregulla-1 20.8 MMCFD Dongara Tight Gas Sand 30…
  6. Annual General Meeting Presentation – Strike Energy Ltd – slide 6
    The West Erregulla Compounding Effect Strike Equity Ownership Perth Basin Conventional Gas Portfolio 50% 2,768 km of net acreage with 40% of it prospective for Kingia- High Cliff (Waitsia) and Wagina (Beharra Springs) plays 100%…
  7. Annual General Meeting Presentation – Strike Energy Ltd – slide 7
    Southern Cooper - Jaws Pilot Update Water rates have now declined to 350 bwpd with ESP-2 (shut down) gauge showing stable pressure. Instantaneous gas rates ranging between 20- 40 mscf/d whilst bottom hole pressure is held flat.…
  8. Annual General Meeting Presentation – Strike Energy Ltd – slide 8
    Page 9

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