Strike Energy begins drilling operations

Strike Energy (ASX:STX) has started drilling the Walyering East-1 exploration well. This well is situated in Exploration Permit EP447 within the Perth Basin, approximately 5 km northwest of the Walyering gas field. The operation targets the A to D Sands in the Cattamarra Formation, identified through 3D seismic data.

Exploration outlook and strategic goals

Strike Energy (ASX:STX) is advancing its exploration activities with the commencement of drilling at the Walyering East-1 well in the Perth Basin. By targeting promising sandstone reservoirs within the Cattamarra Formation, the company aims to expand the productive reach of the Walyering gas field. This exploration could enhance Strike Energy's resource base and production capabilities. The operation aligns with the company's strategic goals of strengthening its position in the Perth Basin through successful resource discovery.

Executive commentary on exploration

The structural setup of Walyering East-1 resembles that of successful wells in the nearby Walyering gas field, indicating a favorable prospect for resource discovery.