- Strike Energy (STX) has landed and cemented surface casing string at 1940 metres measured depth at its South Erregulla target in the Perth Basin
- The company says it is now running in hole with a 12- quarter inch drilling assembly to commence drilling the intermediate hole section
- The intermediate hole section is being drilled with a full logging while drilling suite as several secondary horizons will be observed in this hole section
- The company also says its South Erregulla target is likely connected and updip of its West Erregulla target meaning a similar gas accumulation is expected to be encountered
- Shares have been down four per cent trading at 24 cents
Strike Energy (STX) lands and cements surface casing string at 1940 metres measured depth (MD) at its South Erregulla target in the Perth Basin.
The company said it is now running in hole with a 12-quarter inch drilling assembly to commence drilling the intermediate hole section.
Strike will drill ahead to section depth planned at 4330m MD in the Carynginia Shale before running 9-5/8 inch casing and cementing it in place.
The intermediate hole section is being drilled with a full logging while drilling suite as several secondary horizons will be observed in this hole section.
The company says structural mapping shows the Greater Erregulla structure rising to the South where the South Erregulla target has been identified.
The company also said this mapping suggests its South Erregulla target is likely connected and updip of its West Erregulla target meaning a similar gas accumulation is expected to be encountered.
Shares were down four per cent trading at 24 cents at 12.52 pm AEDT.