Strike Energy Limited (AU:STX) has released an update.
Strike Energy Limited has initiated flow testing at the Erregulla Deep-1 well, Australia’s deepest onshore well, showing high-pressure gas flows from the Kingia Sandstone. The testing, expected to last up to 4 weeks, will also evaluate the High Cliff Sandstone gas discovery. These promising preliminary results are part of a larger testing program, with final outcomes to be reported upon completion.
For further insights into AU:STX stock, check out TipRanks’ Stock Analysis page.