Total
0
Shares
Strike Energy (ASX:STX) - Managing Director & CEO, Stuart Nicholls
Managing Director & CEO, Stuart Nicholls
Source: Strike Energy
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Strike Energy (STX) concludes production testing at its West Erregulla 4 well as part of its West Erregulla appraisal campaign in Western Australia
  • Testing was designed to determine the reservoir distribution of the field ahead of potential future production
  • WE4 marks the third well tested at the project, with Strike affirming the findings supports the progression of phase one development
  • Strike says its joint entire partner Warrego Energy (WGO) “made their own” assumptions on the well, but remains confident on its findings
  • Strike Energy shares are trading in the grey at 32.5 cents

Strike Energy (STX) has concluded production testing at its West Erregulla 4 well as part of its West Erregulla appraisal campaign in Western Australia.

The well was designed to appraise the reservoir distribution of the field ahead of becoming potential producers and marks the third tested so far within the project.

The company performed a series of flow tests at various choke settings to enable the characterisation of the well’s deliverability parameters.

Strike said flow rates of 35 million standard cubic feet per day were observed during sustained testing.

Broadly, Strike said the testing supports the progression of phase one development, with WE4 said to bear similar productivity characteristics to the regional Permian gas fairway wells from Witsia and Beharra.

The company noted its own separate interpretations on the findings from its joint venture partner, Warrego Energy (WGO), but that it remained confident on its assumptions based on the testing outcomes.

Strike advised it would be shutting in the well to observe a long-term pressure build-up, from there the company said the well will be suspended until the next development phase of the gas field.

Strike Energy shares are trading in the grey at 32.5 cents at 10:18 am AEST.

STX by the numbers
More From The Market Herald
Worley (ASX:WOR) - CEO, Chris Ashton

" Worley (ASX:WOR) awarded Shell contract in The Netherlands

Worley (WOR) has been awarded a services contract to support the development of a low-carbon fuels facility in The Netherlands.

" Melbana Energy (ASX:MAY) undertakes logging at Alameda-1

Melbana Energy (MAY) has updated the market on its progress at the Alameda-1 exploration well being drilled in Block 9 PSC in Cuba.
Senex Energy (ASX:SXY) - CEO and MD, Ian Davies

" Senex Energy (ASX:SXY) in talks with POSCO International over $815m takeover bid

Senex Energy (SXY) has spiked in early trading action after flagging a takeover bid from South Korean big-cap POSCO International that values SXY

" Renergen (ASX:RLT) facilitates first helium forward sale agreement

Renergen has facilitated its first helium forward sale agreement of 100,000 units over a period of nineteen years.