STRIKE ENERGY LIMITED SOUTHERN COOPER BASIN GAS PROJECT Investor Update August 2014
Southern Cooper Basin Gas Project: Executive summary Large gas resource, direct access to infrastructure - Eastern Australian gas markets High deliverability reservoir, production testing Q4 2014 Targeting initial 2P reserve…
Southern Cooper Basin Gas Project: Favourable location Strikes PEL 94, 95 and 96 permits are ideally located with direct access to infrastructure connecting to Eastern Australian gas markets. Moomba Marsden 1 Permit STX working…
Southern Cooper Basin Gas Project: Appraisal activities Three wells, Le Chiffre 1, Klebb 1 and Davenport 1 have been drilled in Strikes permit areas, PEL 96 and PEL 94. Each well has been completed in the Patchawarra coals with a range of…
Southern Cooper Basin Gas Project: What have we observed In 2013 Strike drilled two appraisal wells in PEL 96, Le Chiffre 1 and Klebb 1, with the objective of obtaining core, log and other data. This was followed in June 2014 by well…
Southern Cooper Basin Gas Project: Reservoir modelling The high net coal thickness (65m net pay) and permeability drives high formation productivity. Cumulative gas Sensitivity to Permeability: Cumulative gas produced produced (per…
Southern Cooper Basin Gas Project: Development potential of the play These charts summarise the relationship between permeability, gas saturation and well recovery for Strikes PEL 96 Phase One Area resource. This relationship has been…
Southern Cooper Basin Gas Project: Development potential of the play Measured permeability at Le Chiffre 1 and Klebb 1 has fundamentally altered Strikes understanding of the reservoir. The reservoir has demonstrated exceptional…
Southern Cooper Basin Gas Project: Commercialisation program next steps Activities Objectives Reserve certification Initial 2P reserves Reserve definition: Reserve delineation Drill additional wells Phase One Area Phase One…
Southern Cooper Basin Gas Project: Activities/milestones - target gas production Appraisal well drilling, completion and initial flow testing have confirmed that the Patchawarra coals host a potentially large, low cost gas resource with…
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