Strike Energy Limited

Credit Suisse Energy & ESG Conference

June 2022

personaluse only

Integrated Gas, Fertiliser & Renewables Developer

1

r

Important notice

Summary information

This presentation contains summary information regarding Strike Energy and its subsidiaries current as at 7th June 2022. The information in this presentation is of general background only and does not purport to be complete. The contents of this presentation onlyshould be considered in conjunction with Strike Energy's other announcements lodged

with the Australian Securities Exchange available at www.asx.com.au.

Not an offer

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 f rm the basis of any contract or commitment.

Not financial product advice

useR liance should not be placed on the information or opinions contained in this presentation. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Any decision to purchase or ubscribe for any shares in Strike Energy Limited should only be made after consideration of your own objectives and financial situation, making independent enquiries and seeking appropriate financial advice.

Past performance

Statements about past performance provides no guarantee or guidance as to future personalperformance, including in respect of the price of Strike shares.

Future Statements

Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth of Strike Energy Limited, industry growth, commodity or price forecasts, or other projections and any estimated company earnings are or may be forward looking statements. Forward looking statements can generally be identified by the use of words such as 'project', 'foresee', 'plan', 'expect', 'budget', 'outlook', 'schedule', 'estimate', 'target', 'guidance' 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' or similar expressions. Forward looking statements including all statements in this presentation regarding the outcomes of preliminary and definitive feasibility studies, projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Strike Energy Limited. Actual results, performance,

ractions and developments of Strike Energy Limited may differ materially from

those expressed or implied by the forward-looking statements in this document. Such forward-looking statements speak only as of the date of this document. Refer to the 'Summary of Key Risks' section of the release titled " Equity Raising and Corporate Update April 2021" released to ASX on 15 April 2021 for a summary of certain general, Strike Energy Limited specific and acquisition specific risk factors that may affect Strike Energy. There can be no assurance that actual outcomes will not differ materially from these statements. A number of important factors could cause actual results or performance to differ materially from the forward looking statements, including the risk factors referred to in this document. Investors should consider the forward looking statements contained in this document in light of those disclosures. To the maximum extent permitted by law (including the ASX Listing Rules), Strike Energy Limited and any of its affiliates and their directors, officers, employees, agents, associates and advisers disclaim any obligations or undertaking to release any updates or revisions to the information in this document to reflect any change in expectations or assumptions; do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

Information regarding Reserve and Resource Estimates

Information in this presentation relating to the Reserve and Resource Estimates for:

  • the West Erregulla Project is set out in the ASX announcement dated 11 October 2021 entitled "Strike delivers maiden Perth Basin gas reserve". Strike Energy interest is 50%.
  • the Walyering
  • the Oceanhill 2C Contingent Resource is sourced from the ASX Announcement of Greenrock Energy Limited (ASX:GRK) dated 4 October 2013 titled "Ocean Hill Independent Resource Certification". Strike Energy's equity interest is 100%.
  • the Mid-West Geothermal Project Inferred Resource is set out in ASX announcement dated 5th May 2022 titled "Mid-West Geothermal Power Project Inferred Resource Statement".

Strike Energy confirms it is not aware of any new information or data that materially affects the information included in the referenced announcements and that all the material assumptions and technical parameters underpinning the estimates in those announcement continues to apply.

2

Strike's fully integrated net zero 2030 - low carbon manufacturing & energy strategy

Mid-West Low Carbon Manufacturing Precinct

Project Haber Fertilisers

personal use only

Geoscience Production

Core competencies drive integrated value

Net Zero 20301

Integrated

Ammonia/Urea

Gas

Production

DedicatedGreen

RenewablesHydrogen

Geothermal

Power/Heat

Sales Gas

Processing Transmission

Wholesale Urea

Sales

Direct Urea

Sales

Dispatchable

Renewable Electricity

Low-cost WA

Domestic Gas

1 Refer to ASX announcement entitled "Strike Commits to Net Zero 2030" dated 14 May 2021 for the assumptions and source information on which Strike's Net Zero Plan is based.

3

r

A physically integrated and geographically concentrated portfolio

Mid West

WA Domestic Gas

Low-cost onshore positions

Lockyer

Geothermal

Adjacent to two major pipelines

only

Waitsia

Closest source of gas for ~80% of WA market

EP469

Erregulla

Operator in all permits

50%

Beharra

West

EP503

Erregulla

Walyering

100%

Project Haber & the

South

Gas

sales 30-

40 TJ/d, targeted 2022/3.

Reserve

pending RISC work, Q2/22: 55% Strike

Erregulla

Mid West Low Carbon

Manufacturing Precinct

EP505

West Erregulla¹

100%

use

Gas sales 87 TJ/d expected late 2024. Gross 300 PJ 2P, 326 PJ 2C/2U: 50% Strike

Permian

EP506

Deep

Ocean Hill¹

100%

EP504

100%

Woodada

EP495

360 PJ, 1.2 mln bbls condensate 2C: 100% net to Strike, appraisal planned 2023

100%

Eneabba

Ocean Hill

Gas Exploration Upside

Deep

~3,000km² of highly gas prone Perth Basin acreage: 100% net to Strike

Toolbardi

Project Haber

EP488

Proposed 1.4mtpa Urea Fertiliser plant, based in Mid West, WA

100%

Coomalo

Access to Port, Railway and major Highways

East

Situated in the Mid West Low Carbon Manufacturing Precinct

personal

Opportunity for up to 170 MW of dedicated wind and solar resource

Coomalo

South Erregulla

Badgingarra

Multi discovery success at SE1 with resource confidence to progress urea development

EP489

100%

Cooljarloo

Cluster

Mid-West Geothermal Power Project

1,750km² of highly prospective geothermal acreage

Walyering

226 MWe, 30 years of mid-case P50 inferred resource1

Highly complementary to existing activities

EP447

Strike 100%

55%

1 Refer to the Important Notices on page 2 for Resource Estimate information. Cautionary Statement: Prospective (2U) resources are unrisked and the estimated quantities of petroleum that may potentially be recovered by the application of

4

a future development project and may relate to undiscovered accumulations. These estimates have both an associated risk of discovery and risk of development. Further exploration and appraisal is required to determine the existence of a

significant quantity of potentially moveable hydrocarbons.

r

Track record & core competencies

Strike Operated Deep Drilling Performance

Strike's Geoscience team have a strong

track record of drill bit success across

Time v Depth, Total Days to Top Kingia, normalised

the Perth Basin's two major gas plays

only

Time (Days)

plus geo-sequestration evaluation

0

10

20

30

40

50

60

70

80

0

useMD)(mDepth

1,000

2,000

Above: Subsurface team

exploring Mid West

Permian outcrops

3,000

personalr

Above: Greater Erregulla structure

4,000

5,000

54% reduction in drilling days

to reach Kingia reservoir

SE-1 Actual

WE-5 Actual

Above: Walyering-5A-Sand

Above: Fossilised sea sponge in cuttings and fossils trapped in

WE-4 Actual

WE-2 Actual

from abandoned existing

core evidence of marine depositional environment at Erregulla

Jurassic gas field

Track record in core competencies increases likelihood of extracting full value from

upstream gas, geosequestration and geothermal assets

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Strike Energy Limited published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 02:31:03 UTC.