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- Strike Energy (STX) and Warrego Energy (WGO) confirm a northern extension of a high-quality gas resource within the West Erregulla gas field in the WA Kingia Sandstone
- Strike says the WE3 well recently drilled in the Perth Basin area struck the Kingia Sandstone with a 60-metre gas column
- What’s more, the company says the WE3 reservoir characteristics are the best observed in the field to date
- Looking ahead, Strike now plans to engage Netherland, Sewell and Associates (NSAI) to review the reserve and resources booking for the West Erregulla field
- Shares in Strike last traded at 25.5 cents and shares in Warrego last traded at 11 cents on June 30
Strike Energy (STX) and Warrego Energy (WGO) have confirmed a northern extension of a high-quality gas resource within the West Erregulla gas field in the WA Kingia Sandstone.
The joint venture (JV) partners said the WE3 well recently drilled in the area stuck the Kingia Sandstone reservoir between a measured depth of 4731 and 4791 metres.
Strike said the Kingia Sandstone reservoir was made up of a high-quality reservoir totalling 38 metres of net pay and an average porosity of 13.8 per cent and up to 19 per cent.
With no water contact having been observed in the well logs or while drilling, Strike said the WE3 reservoir characteristics were the best observed in the field to date.
Following these results, Strike now plans to engage with Netherland, Sewell and Associates (NSAI) to review the reserve and resources booking for the West Erregulla field.
Looking ahead, Strike said once the well had been conditioned, the company would run a 4.5-inch liner before cementing in place. The well is then planned to be completed across the Kingia Sandstones with 4.5-inch tubing to surface in preparation for a production test next month.
Shares in Strike last traded at 25.5 cents while shares in Warrego last traded at 11 cents on June 30.
