Strike Energy Limited
(ASX:STX) (“Strike”) is pleased to provide an update on production testing operations at the Southern Cooper Basin Gas Project (SCBGP) in PEL 96 (Strike 66.67% and Operator, Energy World Corporation
(ASX:EWC) 33.33%).
Our disciplined production testing program continues to deliver encouraging results. We have:
- Confirmed the high productivities of all wells tested to date;
- Achieved sustained gas flows at all wells following limited reservoir pressure reduction – consistent with high gas saturation;
- Achieved progressive increases in gas flow rates culminating in record gas flows in February;
- Successfully achieved reservoir pressure reduction in an expanding zone extending out from the wells;
- Established a gas ramp up production profile based on the measured, rapid build-up in gas flow rates;
- Delivered all production testing initiatives on time and on budget;
- Achieved significant reductions in drilling, completion and operating costs.
To view Update please download PDF attached:
