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Strike Energy (ASX:STX) and Talon Energy (ASX:TPD) to commence flow testing at Walyering-6, WA

ASX News, Energy
ASX:STX      MCAP $615.0M
06 July 2022 10:52 (AEST)

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Joint venture (JV) partners Strike Energy (STX) and Talon Energy (TPD) are gearing up to begin flow testing the Walyering-6 well within the Waylering Gas Field in Western Australia.

Strike said it had mobilised all equipment to the Walyering-6 well site, with rig up and swabbing operations having been completed. As such, the flow test of the well is set to begin “shortly”, according to the company.

The W6 testing program will include the Cattamarra B, C and now D sands after the JV incorporated feedback from its reserves and resources auditor, RISC Advisory, about the D sand’s prospectivity into its test program planning.

The company said the addition of the D sand to the production testing schedule could increase the overall net gas pay from the well.

The W6 well will include five metres of perforations across the D-Sand, eight metres across the C-Sand and 13 metres in the B-sand.

Each zone will be flowed individually before perforating six metres of the Cadda gas discovery, which will have an extended individual flow test to gather further subsurface data due to this being the first Cadda formation discovery in the area.

Upon completion of the testing, Strike and Talon plan to deliver a maiden reserves and resources report for the Walyering Gas Field.

The test is expected to take up 10 days to complete.

Strike is the operator of the JV, holding a 55 per cent interest. Talon Energy holds the remaining 45 per cent.

Shares in Strike Energy were down 1.15 per cent to 26 cents each at 10:22 am AEST, and Talon shares were grey at 0.7 cents at the same time.

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