STRIKE ENERGY LIMITED SCHROEDER EQUITIES AUSTRALIAN RESOURCES CONFERENCE Zurich, February 2015
Schroeder Equities: Australian Resources Conference Eastern Australian Gas Market Strikes Southern Cooper Basin Gas Project Strike Energy Limited - Schroeder Equities: Australian Resources Conference - Zurich, February 2015 2
EASTERN AUSTRALIAN GAS MARKET
Eastern Australian Gas Market: Imminent demand shock Annual gas consumption (including LNG exports) for Eastern and South-Eastern Australia Historical (2010-2014) Short Term (2014-2019) Medium Term (2019-2024) 9.0 mtpa capacity…
Eastern Australian Gas Market: New gas export pathway Global Energy Demand US60 Billion investment connecting onshore gas resources to global energy demand Gas liquefaction Demand 30 Tcf over 20 years 4.1 Bcf / day…
Eastern Australian Gas Market: Export supply opportunity Upstream supply Downstream demand Bowen/Surat Basins - CSG JV equity gas - third party Demand 30 Tcf 30 Tcf over 20 years 4.1 Bcf / day Cooper Basin - third…
Eastern Australian Gas Market: Domestic supply opportunity Upstream supply Downstream demand Queensland CSG New NSW () 60 Bcf / year New Cooper Basin (1.2 Tcf over 20 years) Demand 11 Tcf 11 Tcf over 20 years 0.5 Tcf /…
Eastern Australian Gas Market: Implications of global LNG pricing LNG price CIF Japan (USD/MMBtu) 10.00 12.00 14.00 Mount Isa Bowen/ Gladstone Surat Basins Eastern Australian delivery point prices* Cooper Brisbane Basin…
Eastern Australian Gas Market: Strikes Southern Cooper Basin Gas Project Southern Cooper Basin Gas Project linked to all Eastern Australian gas markets Mount Isa Multi Tcf resource Gladstone Cooper Brisbane Basin Moomba…
SOUTHERN COOPER BASIN GAS PROJECT
Southern Cooper Basin Gas Project: Project Favourable location Moomba Marsden 1 PEL 94 PEL 95 Davenport 1 Mount Isa Le Chiffre 1 Gladstone Klebb production testing area PEL 94, 95, 96 Moomba Brisbane & PELA 640…
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 chart below highlights…
Southern Cooper Basin Gas Project: PEL 96 production testing program Klebb production test wells Le Chiffre single well 8km 3 200m SW 1 200m NE 2 PEL 96 Weena Depth 1,930m Depth 1,830m trough Vm3 Vm3 Vm3 Vm3 Vu Upper…
Southern Cooper Basin Gas Project: Status Status Sustained gas flows Sustained gas flows to surface at both Klebb and Le Chiffre wells with gas production building steadily Flow testing Principal objectives of the flow testing…
Opportunity Summary Eastern Australian gas market demand 40Tcf (over 20 years) Favourable onshore gas pricing environment Strike has ideally positioned multi Tcf resource Production testing commenced - encouraging early…
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