Key developments in the Becos-1 exploration well

Strike Energy (ASX:STX), in collaboration with Triangle Energy and Echelon Resources, is advancing the Becos-1 exploration well project in the Perth Basin. The joint venture has nearly completed the well pad, with drilling operations set to begin by March 2025. Triangle Energy holds a 50% interest, while Strike Energy and Echelon Resources each hold a 25% stake.

Overview and future outlook for Becos-1

The Becos-1 exploration well project, a joint venture between Triangle Energy, Strike Energy, and Echelon Resources, is progressing towards its next phase of drilling by March 2025. The project targets potential resources ranging from 1 million to 21 million barrels, with a best estimate of 5 million barrels. The primary geological formations include Arranoo and Bookara sandstones. The well pad construction is expected to conclude by December, with the Silver City Drilling rig scheduled to arrive by March end. The project plays a strategic role in Triangle Energy's exploration portfolio, with management expressing optimism about its resource potential and 20% success probability.

Executive insights on Becos-1 project

The Becos-1 exploration well is a highly prospective target with significant resource potential. Our team is optimistic about the project's success and its importance to our portfolio in the Perth Basin.