Strike Energy Limited (AU:STX) has released an update.
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Strike Energy Limited has initiated production testing at the Walyering-7 well in the Perth Basin, successfully recovering moveable gas and condensate, with early sales of over 2 TJ of test gas and 80 barrels of condensate. The company is conducting laboratory analysis to inform the independent assessments by RISC Advisory Pty Ltd. While initial results are promising, these are preliminary and do not reflect final outcomes, with long-term production testing yet to fully determine the well’s potential.
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