Join our daily newsletter At The Bell to receive exclusive market insights
- 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.
-1200x645-380x200.jpg)
