Strike Energy Limited advise that the Southern Cooper Basin Gas Project appraisal drilling program has been successfully completed. The results obtained from the Le Chiffre 1 and Klebb 1 wells have materially de-risked key parameters underpinning project resource and cost estimates ahead of the next stage of the project's commercialisation.
The Klebb 1 well was drilled to a total depth of 2,193m and cased using premium casing to allow for future fracture stimulation and flow testing.
Wireline logs have shown over 145m of net coal was encountered in the well.
In particular, 89m of coal was observed in the Patchawarra Formation, including one continuous 34m thick seam and two other seams each over 15m thick.