Strike Energy has announced that the Walyering gas field development construction is completed, and that production commenced on 25 September.
Production started at a whooping 52 terajoules (TJ) of gross commissioning gas sold and gross revenue of $416,136.
“This has been a landmark quarter for Strike and its shareholders where we completed our journey to becoming a producer, demonstrating our ability to develop projects and operate across the full exploration and production (E&P) spectrum,” Strike managing director and chief executive officer Stuart Nicholls said.
“The advent of gas production significantly improves the long-term resilience of the company and reduces its reliance on external capital for the execution of its strategy.”
Condensate production has been in line with expectations and averaged 200 barrels per day since the firm supply period commenced post quarter end.
“Also, during the quarter, Strike’s 100 per cent owner South Erregulla development was derisked with the successful appraisal at the South Erregulla-2 well,” Nicholls said.
Successful appraisal at South Erregulla-2 well was extended to the South Erregulla gas field to the South and West where logging and petrophysical analysis across the primary reservoir indicated conventional net gas pay of 16m.
“As a result, Strike is now preparing South Erregulla to enter the development phase and commence the second leg of its government endorsed gas acceleration strategy.”