![Strike Energy (ASX:STX) - Chair, John Poyton [left] and CEO, Stuart Nicholls [right]](https://themarketonline.com.au/wp-content/uploads/2022/12/26381-John-Poynton-Chairman-Stuart-Nicholls-CEO%20(1)-1280x720-800x450.jpg)
- Strike Energy (ASX:STX) secures primary environmental approval from the EPA for its South Erregulla development in WA
- This approval follows the issuance of production license L24 for the South Erregulla gas field’s phase one 40 TJ/d development
- The project aligns with Western Australia’s gas demand, contributing to Strike’s Gas Acceleration and Development Strategy
- Strike Energy last traded at 38.8 cents
Strike Energy’s (ASX:STX) South Erregulla gas field phase one 40 terajoules per day (TJ/d) development has received its primary environmental approval from the Environmental Protection Authority (EPA).
This approval follows the issuance of production license, L24.
The South Erregulla development, wholly owned and operated by Strike Energy, is an integral part of the company’s government-endorsed Gas Acceleration and Development Strategy.
This initiative aims to address the rising demand for gas in Western Australia’s tightening market. With the South Erregulla approvals secured, Strike can now progress towards finalising investment decisions.
Meanwhile, the South Erregulla-3 (SE-3) appraisal well drilling campaign, initiated on October 21, has reached a measured depth of 4373 metres within the intermediate hole section.
Strike anticipates reaching section depth shortly before casing and cementing with 9-5/8″ casing.
The drilling process revealed significant amounts of gas during the exploration of the Beekeeper Formation, requiring extended flaring and mud gas circulation.
Strike Energy last traded at 38.8 cents.