Strike Energy Limited (AU:STX) has released an update.
New Zealand Oil & Gas Limited is set to commence drilling at the Booth 1 well in the Perth Basin, with the Ventia 106 rig mobilizing for a three-week drilling operation to explore the gas-rich Kingia formation. CEO Andrew Jefferies expresses enthusiasm for the project’s potential to contribute to the energy transition, citing the region’s infrastructure and recent discoveries as benefits. The company, along with partners Triangle and Strike Energy Ltd, is focused on ethical and values-based exploration and production, aiming to meet high ESG standards.
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