Strike Energy's latest well test results

Strike Energy (ASX:STX) has announced outstanding results from its production test at the Erregulla Deep-1 (ED-1) well. The company reported stabilized flow rates of 53 million standard cubic feet per day, indicating significant potential at the Kingia Sandstone gas discovery. The test results highlight high wellhead pressures and potential for much higher stable flow rates.

Summary of Strike Energy's announcement

Strike Energy has achieved remarkable test results from the Erregulla Deep-1 well. The well recorded a stabilized flow rate of 53 mmscfd, with potential for higher rates due to high wellhead pressure. The gas produced is of low impurity, aligning with environmental demands. The well will be suspended for future production, with plans to integrate it into the West Erregulla gas field development. Strike Energy's strategic position in the Perth Basin is strengthened by these results, supporting its growth potential in the region.

Executive commentary on well test results

The testing confirmed extremely high reservoir and flowing pressures, high permeability, no sand or formation water production, and lower impurities compared to the West Erregulla gas field.