Scandoil  

Strike's appraisal drilling confirms a 4.5 Tcf prospective gas resource


Published Feb 21, 2014
Strike Energy Limited-2

Following the successful completion of the recent PEL 96 appraisal drilling program, Strike Energy Limited announce an increase in the Pmean (best) estimate prospective resource in PEL 96 (Strike 66.67% and Operator, Energy World Corporation Limited 33.33%) to 6.8 Tcf (recoverable sales gas), 4.5 Tcf net to Strike.

PEL 96 is a significant component of the Company's Southern Cooper Basin Gas Project and Strike is focused on the rapid commercialisation of a portion of the resource within the Phase One Area of the permit. This 141 km2 area is centered directly under the Moomba to Adelaide Gas Pipeline (MAPS) which connects the resource to the Eastern Australian gas markets.

Tags: Strike Energy Limited




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