Strike Energy Limited ( (AU:STX) ) has issued an update.
Triangle Energy Global Ltd, in collaboration with Strike Energy Ltd and Echelon Resources Ltd, has commenced drilling the Becos-1 exploration well in the Perth Basin. The well targets the Bookara Sandstone horizon, with a prospective resource estimate ranging from 1 to 21 million barrels. The drilling aims to reach a total depth of 1,164 meters, with a geological chance of success of 20%. This development could potentially enhance Triangle Energy’s resource base and impact its market positioning in the energy sector.
More about Strike Energy Limited
YTD Price Performance: -23.81%
Average Trading Volume: 4,932,287
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$458.7M
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