AI assistant
STRIKE ENERGY LIMITED — Capital/Financing Update 2021
Nov 14, 2021
65876_rns_2021-11-14_526fac02-dee9-4dd4-b299-08e3e30d5ae0.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX: STX The Company Announcement Officer ASX Ltd via electronic lodgement
Walyering Update
-
Walyering-5 has commenced drilling operations following the successful mobilisation of the Ensign 970 Rig to location.
-
Drilling ahead at 483m MDT (total measured depth)
Strike Energy Limited (Strike - ASX: STX) provides an update on the appraisal drilling operations at Walyering-5 (W5) in the Perth Basin on behalf of the EP447 JV.
Current Operations
Rig maintenance and moving operations were completed smoothly, ahead of schedule and without incident. Strike officially spud W5 at 16:15 Sunday the 14[th] November 2021. Drilling operations have subsequently commenced with the well drilling ahead at a depth of 483m.
Forward Plan
Strike will drill ahead to the first casing point at an approximate depth of 1,010m (MDT) before running and cementing 13-3/8” casing in place.
==> picture [479 x 104] intentionally omitted <==
----- Start of picture text -----
Ensign 970 at the
Walyering-5 well
----- End of picture text -----
About the Walyering-5 Campaign
The Walyering-5 well will be drilled down to a depth of 3,138m subsea (ss) and is designed to test the updip potential of the Walyering wet-gas discovery, and on success recommence the development of the field, which stalled under previous ownership.
The Walyering conventional gas discovery was made in the Jurassic Cattamarra Coal Measures (at an approximate depth of 3,165m ss), via the Walyering-1 well which flowed at 13.5mmscf/d and measured only 1% CO₂ from the A-Sand. EP447 which includes Walyering, covers 1,110 km[2 ] and was acquired in December 2018. Since acquisition Strike has carried out 90km[2] of 3D seismic in late 2019 over the historical Walyering wells which has markedly improved Strike’s confidence in the interpretations of wet-gas accumulations at Walyering and within the broader region.
The Walyering wet-gas field is strategically located being situated between WA’s two major gas transmission lines, linking the field with WA’s industrial gas markets.
Strike Energy Limited is operator and the holder of a 55% joint venture interest in EP447, and Talon Energy (ASX: TPD) a holder of the other 45% joint venture interest.
This announcement is authorised for release by the Managing Director and Chief Executive Officer in accordance with the Company’s Continuous Disclosure Policy.
[email protected] ABN 59 078 012 745 www.strikeenergy.com.au 2, 66 Kings Park Rd, West Perth WA 6005
==> picture [595 x 107] intentionally omitted <==
==> picture [220 x 326] intentionally omitted <==
==> picture [249 x 154] intentionally omitted <==
----- Start of picture text -----
Walyering 5 well path and
Walyering-5 well path
and subsurface subsurface objectives
objectives
----- End of picture text -----
==> picture [249 x 155] intentionally omitted <==
----- Start of picture text -----
Walyering-5 sweetness cube
----- End of picture text -----
Company Contact Georgina Fraser Investor Relations Email: [email protected]
Media Contacts
Paul Ryan ( Citadel-MAGNUS) Phone: 0409 296 511 Email: [email protected]