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Strike Energy Limited, Financial Report for Half-Year Ended 31 December 2015

Review of Operations
 
During the half-year period, the Group focused on the advancement and further evaluation of its Southern Cooper Basin assets in South Australia, while continuing its strategy to maximise the value of its portfolio of assets in the United States.
 
Exploration and development
 
Strike is one of the largest exploration lease holders in the South Australian Cooper Basin with over 2.2 million acres across five permits.
 
During the half-year period, the Group commenced the Phase 3 flow testing program within PEL 96 (STX 66.67%, EWC 33.33%) to accelerate reservoir pressure reduction to increase the volume of gas desorbing from the coal within the Patchawarra Vu Upper coal horizon centered on the Klebb pilot.
 
 
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