Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Strike Energy (STX) and joint venture partner Warrego Energy (WGO) further progresses its drilling activities at West Erregulla (WE3) well in the Perth Basin
  • The well has now reached to a section depth at 4435 metres and cemented the seventh inch liner in place, drilling through the existing cement plugs
  • In its future plans, the company will reduce the weight of the mud system before running in hole
  • Shares in Strike Energy are down 7.14 per cent, trading at 26 cents per share, while Warrego Energy were down four per cent, trading at 12 cents at 1:47 pm AEST

Strike Energy (STX) and joint venture partner Warrego Energy (WGO) have further progressed its drilling activities at West Erregulla (WE3) well in the Perth Basin.

The well has now reached to a section depth at 4435 metres and cemented the seventh inch liner in place.

The company had drilled through the existing cement plugs through the Carynginia Shale and into the Irwin River Coal measures.

In late 2020, the Carynginia Shale was heavily over pressured and produced substantial gas to surface as the formation was drilled using the managed pressure drilling system and equipment.

In its future plans, the company will reduce the weight of the mud system before running in hole and drilling the remaining Irwin Rover Coal measures before entering into the primary and secondary objectives in the Kingia and High Cliff Sandstones.

West Erregulla was temporarily suspended due to encountering a significantly over pressured zone in the lower Carynginia Formation.

The company said it had adapted the well design and added additional services to the rig in the form of managed pressure drilling equipment in order to safely and successfully navigate the drilling of the well to final depth.

Shares in Strike Energy were down 7.14 per cent, trading at 26 cents per share, while Warrego Energy were down four per cent, trading at 12 cents at 1:47 pm AEST.

STX by the numbers
More From The Market Herald
Cavalier Resources (ASX:CVR) - Executive Chairman, Ranko Matic

" Cavalier Resources (ASX:CVR) begins PFS at Crawford

Cavalier Resources (ASX:CVR) has begun a pre-feasibility study (PFS) at the Crawford Gold Project within the…
The Market Herald Video

" Emerald Resources (ASX:EMR) reports “exceptional” drill results from Neptune, WA

Emerald Resources (ASX:EMR) has reported “exceptional” drill results from the Neptune gold prospect in Western Australia.
The Market Herald Video

" Atomos (ASX:AMS) reports record FY22 sales following strong Q4

Atomos (ASX:AMS) Q4 results boost FY22 unaudited revenue to in excess of $82 million.
The Market Herald Video

" iTech Minerals (ASX:ITM) progresses testwork for PSG production at Campoona

iTech Minerals (ASX:ITM) has produced a 42-kilogram bulk sample of total graphitic carbon (TGC) concentrate from…