STRIKE ENERGY Limited Energy Users Association of Australia - NSW Energy Forum 4 June 2014
Company Overview: Corporate Strike Energy Limited (ASX : STX) is an Australian based, independent oil and gas exploration and production company. The company is focused on the development of a substantial gas resource in the Southern…
Australian east coast gas demand Historically, Australias east coast gas demand approximated 650 - 750 PJ/annum, was over supplied and characterised by low pricing (A2-3/GJ) and low liquids upside. The maturation of significant coal seam…
Changing market dynamics All three LNG projects are likely to be short gas. Moreover, there is increasing uncertainty as to the deliverability, rate and cost of a significant component of equity gas outside of the core CSG sweet spots.…
Eastern Australia - where will the gas come from While there are a number of very large gas resources with potential to supply Eastern Australia, near term gas supply will be limited to those resources with access to existing…
New supply focus - Cooper Basin In response to both current and likely future gas demand, created by the connection of onshore resources to export markets, a new focus on the Cooper Basin is endeavouring to prove up substantial new…
Cooper Basin participants and emerging focus More than 85% of 2P gas reserves in Eastern Australia are coal seam gas based. In the Cooper Basin, the gas saturated coals are an increasing focus of commercial appraisal to meet current and…
Cooper Basin - vertical section illustrating target horizons Strikes appraisal program has confirmed the presence of thick, gas saturated coals. The target interval at Le Chiffre 1 and Klebb 1 is in the optimal gas generation window at a…
Strike's Southern Cooper Basin Gas Project Following appraisal drilling, the mean estimate of the prospective resource within Strikes PEL 96 pemit increased to 4.5 Tcf (Phase One Area 1.25 Tcf). This resource is located directly beneath…
Southern Cooper Basin Gas Project: Rapid commercialisation program To date, unconventional appraisal in the Cooper basin has been characterised by high costs, slow progress and long-dated commerciality. The drivers of these outcomes have…
Southern Cooper Basin Gas Project: PEL 96 Phase One Area path to market The production testing and development timing for the PEL 96 Phase One Area positions Strike as the frontrunner to meet the forecast east coast gas shortage. The 1.2…
Gas off take agreements Strike has entered into gas off take agreements for up to 292.5PJ of gas with three major industrial gas users. The agreements are conditional on project FID and include prepayments as milestones towards FID…
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