17 June 2022drilling progress report● Neutral
West Erregulla-3 has drilled through the over-pressured Carynginia Shale, reached 4,435m and cemented the 7-inch liner. Next it targets the Kingia and High Cliff sandstones.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 May 2022drilling progress report● Neutral
The Ensign 970 rig is on site and West Erregulla-3 re-entry starts 1 June, with about 45 days of work planned. The well was suspended earlier after hitting a significantly over-pressured zone; managed pressure drilling equipment has been added.
23 May 2022drilling progress report▲ Good
Flow testing gear is being set up at South Erregulla-1 for an 18-day Kingia test, starting within 72 hours. Core samples show permeability up to 604mD, supporting the earlier view of a high-quality reservoir.
5 May 2022resource reserve update▲ GoodMajor
Independent inferred geothermal resource for the Mid-West project: 203 PJe mid case (226 MWe over 30 years) over the 1,826 km² permit application area. The permit is still pending, and the resource is untested and undrilled.
13 Apr 2022drilling progress report● Neutral
Walyering-5 formal flow testing restarts and is extended to up to 28 days to gather more data. RISC Advisory is appointed to assess reserves and resources after testing. Walyering-6 rig mobilises, with drilling due late April.
1 Mar 2022drilling progress report● Neutral
SE1 recovered about 45m of Kingia core with gas shows during coring; it has gone to the lab. Drilling resumes to final depth in the Holmwood Shale, then wireline logging. No results from the core yet.
25 Feb 2022drilling progress report▲ Good
South Erregulla-1 reached the primary Kingia Sandstone at 4,859m, with gas shows and drilling breaks in the interpreted high-quality top section. Coring of 45m comes next. No flow or resource figure yet, but it is the first sign at the main target.
22 Feb 2022drilling progress report● Neutral
SE1 has cased and pressure tested the intermediate section and is drilling the production section at 4,535m, heading for the Kingia Sandstone, where coring is planned. No new result.
17 Feb 2022drilling result▲ GoodMajor
SE1 confirmed a conventional gas discovery in the Wagina Sandstone: 160m of gas-charged sand, 16m net pay in high-quality flow units and 61m lower-quality gasifier, pressure over 7,500 psi. Strike calls it an upside to the main Kingia target; no resource figure yet, flow testing needed.
16 Feb 2022drilling progress report▲ Good
Walyering-5 flow test equipment arrives late February, with a 15-20 day test of four sands. Core permeability was upgraded to 280mD. Walyering-6 long lead items and rig slot secured. Concept is now 2 wells and up to 30 TJ/d, up from the earlier 20 TJ/d.
14 Feb 2022drilling progress report▲ Good
SE1 reached 4,421m and hit strong gas flows in the Wagina Sandstone, with preliminary data suggesting a conventional gas reservoir; wireline testing will assess significance. It also found 103m of net Jurassic sandstone, a potential carbon storage reservoir. Kingia target not yet reached.
24 Jan 2022drilling progress report● Neutral
SE1 has cemented surface casing at 1,940m and is running in to drill the intermediate section to 4,330m. No new geological result yet.
17 Jan 2022drilling spud● NeutralMajor
South Erregulla-1 spudded 15 January 2022 and was drilling at 1,045m. Strike expects the Kingia Sandstone at 4,369m, up to 200m shallower than at West Erregulla-2. The well, 100% Strike, targets about 350 PJ to supply Project Haber.
10 Jan 2022drilling progress report● Neutral
The Ensign 970 rig is fully mobilised to South Erregulla-1, with spud expected within the week. Minor delay came from getting crew through quarantine before WA border closures. This slips the late-December spud target slightly. SE1 aims to prove about 350 PJ for Haber.
8 Dec 2021drilling result▲ Good
Walyering-5 is cased and pressure tested, with gross cost about $8.5m, under budget. Strike targets a fast, low-capital restart, with a concept of up to 20 TJ/d from about 2 wells, subject to the Q1 2022 test. Ocean Hill and Jurassic leads are upgraded in confidence.
6 Dec 2021drilling result▲ Good
Partner Talon's release repeating Strike's Walyering-5 result: four gas sands, 51m net pay, 45% interest. It adds Talon's own view and its Condor prospect, but nothing new about Strike's position.
6 Dec 2021drilling result▲ GoodMajor
Walyering-5 confirmed four gas-charged sands with 51m net pay, under 1% CO2, and results Strike says exceeded pre-drill expectations. No gas-water contact seen yet. A Q1 2022 production test will feed an independent resource statement.
29 Nov 2021drilling progress report▲ Good
Walyering-5 reached 3,435m total depth in 13 days, 8 days ahead of schedule. Elevated gas and good-quality sands were seen in the A, B and deeper C sands. Wireline logs are running to establish significance.
24 Nov 2021drilling progress report● Neutral
Walyering-5 reached 2,380m and 9-5/8 inch casing is cemented and pressure tested. Strike is preparing to drill the final section to 3,274m, expecting the main A and B sands at about 3,073m and 3,195m. No new result yet.
19 Nov 2021drilling progress report● Neutral
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15 Nov 2021drilling spud▲ GoodMajor
Walyering-5 spudded at 16:15 on 14 November 2021 and was drilling ahead at 483m, aiming for 3,138m subsea to test updip potential of the Walyering wet-gas discovery. This follows the earlier delay waiting for the rig. Strike holds 55%, Talon 45%.
2 Nov 2021drilling progress report● Neutral
Ensign Rig 970 was handed over from Lockyer Deep on 1 November and is mobilising to Walyering-5. Spud is expected mid-November, with a 33-day drilling and completion campaign. Strike holds 55% and Talon 45% of EP447.
20 Oct 2021drilling scheduled● Neutral
Partner Talon says Walyering-5 site works are finished and the rig is still awaiting release from Lockyer Deep-1, then about two weeks to mobilise. The spud timing slips from October. This is the partner's release repeating known Strike operations.
11 Oct 2021resource reserve update● NeutralMajor
NSAI certified West Erregulla's maiden Perth Basin reserve: 300 PJ gross 2P (150 PJ net to Strike), up to 372 PJ 3P, plus 128 PJ 2C and 198 PJ 2U. It supports Phase 1 and bank mandates, but the text says the resource base is lower than Strike's 2019 estimate.
26 Aug 2021drilling scheduled● Neutral
Site works have begun at Walyering-5 in the central Perth Basin, with spud now estimated for October after Lockyer Deep-1. It tests a Jurassic wet-gas play (86 BCF best-estimate prospective, 100% basis) and could lift Ocean Hill's 360 BCF contingent resource. Talon's 45% farm-in registration is expected Q3.
26 Aug 2021drilling scheduled● Neutral
Farm-in partner Talon says Strike has started Walyering-5 site works, with spud expected late September to early October. Talon is earning 45% of EP447 and is fully funded. This is the partner's release repeating Strike's news.
6 July 2021drilling scheduled▲ GoodMajor
Strike laid out its second-half 2021 Perth Basin program: South Erregulla-1 spuds in October, Walyering-5 in September under Talon's free carry, and EP506 was granted. A non-binding MOU covers 15-20 TJ/d of South Erregulla gas for 5 years from 2024.
1 July 2021drilling progress report● Neutral
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21 June 2021drilling result▲ GoodMajor
Text not readable beyond headline: the title says WE5 confirms a high quality gas resource, but no figures were provided. Later material cites 32m net pay at 10% porosity at WE5 (from the July presentation). Treat as a positive appraisal result.
15 June 2021drilling progress report▲ Good
WE5 drilled through the main Kingia reservoir (top at 4,771m) and is at 4,895m, with significant gas shows and drilling breaks. Wireline logs will confirm reservoir quality. New sand-handling equipment has arrived to restart the WE4 clean-up.