, , , , , , ,

Strike bolsters position in Perth Basin

Image: Monster Ztudio/stock.adobe.com

Strike Energy has had an active and successful first half of the financial year, having completed and brought online its maiden domestic gas development at Walyering, as well as completing an appraisal drilling program at the South Erregulla gas field.

Strike bolstered its position as one of the leading companies in the Perth Basin through the acquisition of Talon Energy.

Walyering is Strike’s maiden producing asset, currently delivering 25 terajoule/day (TJ/d) of natural gas into the Parmelia gas pipeline.

Strike is now focussed on further appraising the field through Walyering 7, which is expected to spud in Q4 FY24, with the aim of increasing reserves.

The Walyering gas plant has a nameplate capacity of 33 TJ/d and preliminary design studies are being undertaken to increase the nameplate capacity to 40-50 TJ/d.

Strike completed construction of the Walyering gas field development and commenced production on 25 September 2023.

The final cost of the development, including the well completions, facility construction and commissioning costs was $30 million gross, $16.5 million net to Strike.

Regarding West Erregulla, Strike progressed discussions with Hancock Energy around the joint development of the West Erregulla gas field, with early alignment around midstream infrastructure and timelines targeting first gas production by late 2026.

During the reporting period for South Erregulla, Strike drilled and completed appraisal wells SE-2 and 3 on time and within budget with positive drill results confirming the continuity of the Kingia reservoir to the West and the North and supporting well testing.

On well test, post the reporting period, SE-2 produced formation water and gas to surface. At SE-3, Strike was unable to initiate flow.

As at the date of this report, Strike is carrying out further testing and analysis of the well test results and is looking to mobilise additional equipment to conduct further flow testing operations.

The well test results will feed into an independently certified review and update of the Reserves and Resources within L24.

Strike will then use the updated Reserves and Resources to determine the optimal development pathway for the South Erregulla resource.

Subscribe to Energy Today for the latest project and industry news.

Send this to a friend