Strike Energy has announced that it has achieved success at South Erregulla with a high-quality conventional gas discovery, unlocking potential for Project Haber.
A high quality conventional gas discover has been made in the King Sandstone at South-Erregulla-1 (SE1).
According to the company, logging and petrophysical interpretation across the King includes:
- Porosity up to 20.2 per cent
- Net pay of $14 million in a gross 52 m gas column
- Reservoir pressures of around 6,800 psia
- No gas water contact encountered.
Strike Energy managing director and chief executive Stuart Nicholls said that South Erregulla-1 has delivered multiple gas discoveries that provide a high degree of confidence in the resources required to unlock Project Haber.
“The completion of South Erregulla marks the end of a very successful exploration campaign for the company,” Nicholls said.
“The results of this campaign will, via Walyering, bring the company’s first cashflows forward, and , with South Erregulla, release significant upside through the integration of value -added, domestically focussed and low carbon downstream initiatives.”
Strike has been progressing multiple milestones at Project Haber over the last 18 months, and with this new resource confidence, Strike will look to execute pending workstreams that will see the development of the project.
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