- Strike Energy (STX) and Talon Energy (TPD) begin mobilisation of the Ensign Rig 970 at the joint venture Walyering gas discovery in the Perth Basin
- Spudding of the well is expected to occur in mid-November, with drilling and completion to take around 33 days
- The Walyering-5 well will be drilled down to a depth of 3138 metres subsea to test the up-dip potential of the wet-gas discovery
- The company says if successful, it will recommence the development of the field, which stalled under previous ownership
- Strike Energy is up 6.06 per cent to $0.18 per share, while Talon Energy remains flat at $0.01 per share as of 11:34 am AEDT
Strike Energy (STX) has kicked off mobilisation of the Ensign Rig 970 at the Walyering gas discovery in the Perth Basin.
The Walyering gas discovery is located between WA’s two major gas transmission lines and is held under a joint venture between Strike and Talon Energy (TPD).
The company said it will complete the mobilisation and rig up in preparation to spud the W5 well, which is currently scheduled for mid-November.
The news comes ahead of a proposed 33-day drilling and completion campaign.
The Walyering-5 well campaign will see the well drilled down to a depth of 3138 metres subsea to test the up-dip potential of the wet-gas discovery.
The well was previously stalled under its last owner. Strike has since carried out 90 square kilometres of 3D seismic surveying which it said improved its confidence in the interpretations.
Strike Energy is up 6.06 per cent to $0.18 per share, while Talon Energy remains flat at $0.01 per share as of 11:34 am AEDT.