Joint venture (JV) partners Strike Energy and Warrego Energy reported earlier this month there had been a sizeable gas find in the Perth Basin well and project operator Strike has now announced that additional analysis of the logs has indicated an improved net reservoir.
Data now suggests the area is analogous to the Beharra Springs gas fields located 9 km from the EP 469 licence area where the well has been drilled, with these fields typically having gross gas columns of about 40 m.
Strike said the hydrocarbon bearing section of the Wagina sandstons targeted in West Erregulla-2 is interpreted as being substantially thicker with a total of an approximately 79 m gross column with indicated reservoir development equivalent to Beharra.
Strike Managing Director Stuart Nicholls called the results “very exciting”.
“When the results are compared to those from Beharra Springs, the analogue is clear and favourable,” he said.
“This is a significant gas discovery given the observed and interpreted quality of the formation and over-pressured reservoir.
“We are encouraged by the results to date and look forward to a future flow test which would allow for a declaration of a contingent resource.”
Strike and Warrego are 50-50 partners in the JV, which is located in Western Australia.
For more information visit the Strike website.
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