STRIKE ENERGY LIMITED EUROZ OIL & GAS EXPLORERS PRESENTATION 27 November 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…
Company Overview: Assets Australia, Southern Cooper Basin USA, Texas Moomba PEL 515 Permian Basin PEL 95 PEL 94 PEL 515 TEXAS PELA 640 PEL 96 PEL 96 Eagle Ford Shale Eaglewood JV (Louise field) 0 20 Kilometers…
SOUTHERN COOPER BASIN GAS PROJECT
Southern Cooper Basin Gas Project: Executive summary Large gas resource, direct access to infrastructure - Eastern Australian gas markets Production testing underway - encouraging early gas shows Targeting initial 2P reserve…
Southern Cooper Basin Gas Project: Favourable location Strikes PEL 94, 95, 96 and PELA 640 permits are ideally located with direct access to infrastructure connecting to Eastern Australian gas markets. Moomba 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 had 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: Production testing program status 40km 8km Davenport 1 Klebb 3 200m SW Klebb 1 200m NE Klebb 2 Le Chiffre 1 PEL 94 PEL 96 Milperra Depth 1,905m Weena Depth 1,930m Depth 1,830m trough trough…
Southern Cooper Basin Gas Project: Preliminary observations The commissioning phase of the production test program has already resulted in very encouraging early gas shows. Parameters Measurement/Observation Comment Water…
Southern Cooper Basin Gas Project: Phase One Area resource potential A development plan based on 120 acres per well results in approximately 280 well locations (187 net to Strike) in the PEL 96 Phase One Area. The graph below highlights…
Southern Cooper Basin Gas Project: Commercialisation program next steps Activities Objectives Reserve certification Initial 2P reserves Reserve definition: Drill additional wells Reserve delineation 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…
Opportunity Summary World-scale resource market demand Appraisal program successfully completed Production testing commenced - encouraging early results Potentially compelling economics Rapid commercialisation program key…
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