STRIKE ENERGY LIMITED AACC 7TH ANNUAL ENERGY CONFERENCE EASTERN AUSTRALIAN GAS MARKET Houston, 5 February 2015
Eastern Australian Gas Market Market Summary Stable demand prole Over supplied market from Bass Straight Bowen and Surat Basin Mount Isa and Cooper Basin Pricing (A2 - A3/GJ) Gladstone Cooper Basin Moomba Brisbane Market…
Imminent Demand Shock Market Changes Discovery of signicant CSG reserves (Bowen and Surat Basin) the enabler of a massive LNG investment program New LNG plants to connect on-shore gas resources to global energy markets
Implications for gas prices Historic Transition Steady State Est. A8 - 10 / GJ Est. A6 - 7/ GJ Steady State Drivers LNG netback price (oil linked pricing) A2 - 3 / GJ Increasing supply options Competitive cost…
Strike Energy Southern Cooper Basin Gas Project Moomba PEL 94 PEL 95 Equivalent to 20yr supply for one 4 million tonne 4.5 Tcf per annum LNG train prospective PELA 640 PEL 96 resource (PEL 96) Equivalent to 0.5 Bcf/day over…