Strike Energy (ASX: $STX) commences flow testing at Erregulla Deep-1 well

Strike Energy (ASX:STX) flow testing announcement


Strike Energy Limited (ASX:STX) has initiated the flow testing program at the Erregulla Deep-1 (ED1) discovery well in EP469. The well, located at the West Erregulla gas field, has commenced very high-pressure gas flows to surface from the Kingia Sandstone during the clean-up phase. The testing program is expected to take up to 4 weeks and will include testing of the High Cliff Sandstone gas discovery. The final results of the flow testing program will be provided by Strike upon its conclusion.

Executive commentary on Erregulla Deep-1 flow testing


The Erregulla Deep-1 (ED1) flow testing program marks a significant milestone for Strike Energy Limited as the operator of the EP469/L25 Joint Venture. The initiation of very high-pressure gas flows to surface from the Kingia Sandstone during the clean-up phase is an encouraging development. However, it's important to note that these initial observations are preliminary, and the well test outcome remains subject to the results of the full flow test program. We are committed to providing the final results of the flow testing program at the conclusion of the testing period.

Summary of Erregulla Deep-1 flow testing announcement


Strike Energy Limited (ASX:STX) has commenced the flow testing program at the Erregulla Deep-1 (ED1) discovery well in EP469, representing a significant step in the exploration campaign. The company, as the operator of the EP469/L25 Joint Venture, is conducting the testing program at the deepest well ever drilled onshore Australia. The initial high-pressure gas flows to surface from the Kingia Sandstone are a positive development, although the final outcome remains subject to the full flow test program. Strike Energy aims to provide the conclusive results upon the completion of the 4-week testing period, demonstrating its commitment to transparent communication with stakeholders and investors.

STRIKE ENERGY LIMITED
STX | ASX | Energy
0.2150(+0%)
At close 22/11 (AEDT)
Market cap
$616.1M
Volume
2,100,595
DY Yield
PE Ratio
Infinity
52 Week Range
0.16 - 0.505
1YR Return
N / A

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