- Strike Energy gained 42.2 per cent today after announcing it has found material gas coming to the surface while drilling at West Erregulla- 2 well
- The company has stoped drilling due to the high- pressure gas
- Once it is safe to proceed the company will drill the well to a depth of 4320m
Strike Energy gained 42.2 per cent today after announcing it has found material gas coming to the surface while drilling at West Erregulla- 2 well.
Significant high-pressure gas started flowing to the surface at the top of the Wagina was encountered at a depth of 4102m.
The company has stoped drilling due to the high- pressure gas. Stike has penetrated just 8m of Wagina.
A drilling break saw the rate of penetrations increase to 35m/hr as clean porous sandstone which was also recovered over the shakers.
The high gas pressure began rising within the mud system with over 98 per cent C1 recorded with no fluorescence.
C1 is a Hydrocarbon category which refers to methane and is the dominant component of natural gas mixes.
The West Errgulla 2 is at the Warrego gas project in Western Australia’s North Perth Basin.
The company will rebalance the West- Erregulla 2 well by increasing the weight in the mud system to control the productive formation.
Once it is safe to proceed the company will drill the well to a depth of 4320m before pulling out and running wirelogs over the entire section.
The drilling of West Erregulla has a gross prospective resource of 1.162 trillion cubic feet of gas, which makes it one of the largest pre-drilled conventional onshore prospects in Australia.
The Warrego gas project is half owned by Strike Energy and half owned by Warrego Energy.
Once the West- Erregulla 2 well is on its way, the company will then continue drilling to a total depth 5,200 metres to intersect the primary target of Kingia-High Cliff target.
Kingia- High Cliff is located 16km west of Waitsia gas field and has a similar size and nature.