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Strike Energy (ASX:STX)- Chairman, John Poyton (left) and CEO Stuart Nicholls (right) - The Market Herald
Chairman, John Poyton (left) and CEO Stuart Nicholls (right)
Source: Strike
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  • Strike Energy (STX) has cored and retrieved a 45-metre gas-bearing interval of the Kingia Sandstone at its West Erregulla 4 well in WA
  • Earlier in March, Strike successfully ran a wireline data acquisition campaign to assess the project's Dongara and Wagina Sandstones targets
  • STX has since sent the recently recovered core for several rounds of laboratory testing
  • Further, the company has completed routine pressure testing of surface equipment in preparation for the final stages of the well
  • Strike is now running in-hole with a drilling assembly that includes logging-while-drilling equipment
  • Strike Energy shares are down 1.47 per cent, trading at 33.5 cents each

Strike Energy (STX) has cored and retrieved a 45-metre gas-bearing interval of the Kingia Sandstone at its West Erregulla 4 well in Western Australia.

Strike and joint venture partner Warrego Energy (WGO) each have a 50 per cent stake in the oil and gas project.

Earlier in March, Strike successfully ran a wireline data acquisition campaign to assess the project's Dongara and Wagina Sandstone targets.

The explorer observed smooth conditions with gas shows during the recent coring operations down to 4931 metres and has sent the recovered core for several rounds of laboratory testing.

Meanwhile, STX also completed final routine pressure testing of surface equipment in preparation for the final stages of the well.

The company is now running in-hole with a drilling assembly that includes logging-while-drilling equipment.

Strike aims to retrieve logs over the Kingia Sandstones on its way to the Bit Basher Shale, where it will drill through before reaching its final objective in the High Cliff Sandstones.

At this point, the miner is set to recommence coring at High Cliff ahead of final drilling, cleaning, testing and completion of the well.

Strike Energy shares are down 1.47 per cent, trading at 33.5 cents each at 9:36 am AEDT.

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