Strike Energy Limited · ASX:STX
Strike Energy — Shareholder Meeting (November 2017)
19 slides from Strike Energy's shareholder meeting presentation, Nov 16, 2017
Slide 1: ASX Announcement: Chairman's Address and AGM Presentation
ASX Announcement 16 November 2017 The Company Announcement Officer ASX Ltd via electronic lodgement CHAIRMAN’S ADDRESS AND AGM PRESENTATION Please find attached the following items to be presented at Strike Energy Limited’s Annual General Meeting to be held at 11.00 am today in Adelaide. Chairman’
Slide 2: Chairman's Address Annual General Meeting
STRIKE ENERGY LIMITED CHAIRMAN’S ADDRESS ANNUAL GENERAL MEETING 16 NOVEMBER 2017 Ladies and Gentlemen, Following significant changes to the board and management of Strike during 2017, we believe that the company now has the requisite expertise to commercialise our major resource. Constrained supply
Slide 3: Chairman's closing thanks to shareholders
STRIKE ENERGY LIMITED To you our loyal shareholders, I extend a particular thanks for your patience and support. Rest assured that my fellow directors and I remain totally focussed on delivering value to you. John Poynton AO Chairman – Strike Energy Limited
Slide 4: 2017 Annual General Meeting
STRIKE ENERGY LIMITED 2017 ANNUAL GENERAL MEETING Adelaide, 16 November 2017
Slide 5: Managing Director's Presentation
Adelaide, 16 November 2017 Managing Director’s Presentation 2
Slide 6: Strike Vision & Strategy
aq ee* ee Strike 3 Vision & Strategy Ee 2e “Strike Energy will focus on delivering material gas nergy 3° production from its extensive deep coal seam assets, in order to drive major value creation by 2020.” Subsurface Focus Rapid Technology Deployment Repeatable Modular Design Strategic Partnerships
Slide 7: Southern Cooper Basin Gas Project
Southern Cooper Basin Gas Project Flare at K3 August Strike’s SCBGP is one of the largest accessible undeveloped onshore East Australian gas resources The SCBGP is a premium investment in the East Coast gas thematic, which is driven by: 1. External validation of the prolific and producible nature
Slide 8: Key highlights 2017
Key highlights 2017 Technical Success Strike declared Technical Success and the producibility of the Vu Upper coal seam in the Klebb area. Gas content of the Vu Upper coal was defined at 6.1 – 6.0m3/t. Continuous Operations Over 150 days of continues operations without major disruption. One of S
Slide 9: Gas prices 2017
Gas prices 2017 Quarterly Gas Price AU $ per Gigajoule Recent Australian Domestic Gas Security Mechanism threats have seen LNG $10 producers curtail exports and divert agreed volumes back into domestic market. $8 LNG prices have reached 10 month highs of US$9.35 per mmBtu (or AU$11.49 per GJ) an
Slide 10: Supply side: Net Pay vs Depth for Coal Seam Gas
Supply side Net Pay vs Depth for Coal Seam Gas Projects in Appraisal & Development Very few Final Investment Decisions on new projects to supply into East Coast during 2017. 500 COE: Sole Gas Project (24 PJ’s pa) the most STX: (PEL96) material but still some years away. Net Pay (Thickness x Gas
Slide 11: Strike primed to influence east coast energy market
Strike primed to influence east coast energy market 3 world scale To LNG Markets Major infrastructure Upstream thick coal seams with significant Moomba spare capacity Gas Plant Vm3 Upside 15m Moomba Gas Plant 450 TJ/d To Sydney Moomba to 8.55 BCF/ km² †† Adelaide Vu Upper 35m PEL 95 Pipeline 237 TJ/
Slide 12: Additional ingredients for success
Additional ingredients for success PEL96 Seismic Vu Upper 32m Coal Vu Lower 1 km 16m Coal Klebb 2 Fracture Permeability Azimuths Measurements Gas Desorption Methane Events Isotherms Geomechanical Studies Commercial Success Affordable Advanced Well Design Commercial Pilot Significant Reserve 9
Slide 13: Jaws progress
Jaws progress Conceptualised Sited Designed Long Leads Studied Funded Procured Modelled 10 “Funded for drilling and stimulation of Jaws-1 wills with R&D incentives
Slide 14: Deep CSG Path to Market - Midstream Concept Studies
Deep CSG Path to Market - Midstream Concept Studies Moomba Concept 1: Pipe Gas to Moomba Gas Plant Considerations Infrastructure: How much pre-treatment? Route: Daralingie or Moomba (along MAPS)? Daralingie Size of pipeline and compression? Concept 2: Onsite Treatment & MAPS Considerations S
Slide 15: Building blocks required for FID
Building blocks required for FID Phase 1 FID – 50TJ /day Commercial Gas Sales Successful renegotiation of Orica contract Agreements allows for certainty of a commercial price Path to Market Major existing infrastructure already in place. Decision on Concept select, Development Concept targeted for Q
Slide 16: Project Timeline – All major programs on track
Project Timeline – All major programs on track 2017 2018 2019 Klebb Production Test VU Lower Klebb Gas Content Resource /Reserves VU lower CR Addition Book Reserves Pilot Well Campaign & Associated CR Jaws 1 - Vertical Procure Execute Coring Results Jaws 1 - Horizontal Procure Execute Dewater Gas Ph
Slide 17: Investment in Gas is a Social Imperative
Investment in Gas is a Social Imperative Natural gas should be the cornerstone to facilitate Australia’s energy transition to a low carbon world. Tuesday (14th Nov) the East Coast was producing 63% of its electricity from black and brown coal. Brown coal has a 72% higher CO2 intensity than that
Slide 18: Important Notice
Important Notice This presentation does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Reliance should not be placed on the information or
Slide 19: Important Notice: continued
Important Notice: continued Competent Persons Statement Oil and Gas Reserves Estimation Process The information in this report that relates to oil and gas resource estimates at 01 June 2017 is based on information compiled or reviewed by Mr A.Farley who holds a B.Sc in Geology and is a member of the