Strike Energy Limited provides an update on its continuing production testing program at its Southern Cooper Basin Gas Project in PEL 96 (Strike 66.7% and Operator, Energy World Corporation (33.3%).

Production Update

Production testing operations have continued to progress over the Christmas and New Year period with steady increases in gas production observed.

The principal objectives of this program have been achieved, with sustained gas flows to surface at both locations and gas flows from Le Chiffre 1 being sufficient to flare.

In particular, analysis of Le Chiffre 1 downhole pressure, gas production and gas sample data has confirmed that gas saturation is in excess of 90% at this location.

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