Strike Energy Limited (AU:STX) has released an update.
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Strike Energy Limited has announced the granting of Production Licence L25 by the Department of Energy, Mines, Industry, Regulation and Safety for its West Erregulla gas field in the Perth Basin, which boasts an estimated 452 PJ of 2P Reserves and additional contingent resources. The company, holding a 50% interest and operating in a joint venture with Warrego Energy, is moving towards a Final Investment Decision on a development projected to produce 87 TJ per day of gas. This step marks significant progress in Strike’s Gas Acceleration Strategy, aiming to supply new gas well into the 2040s.
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