Strike Energy Limited (AU:STX) has released an update.
Triangle Energy Global Ltd, in partnership with Strike Energy and Echelon Resources, has commenced drilling at the Booth-1 well in the North Perth Basin, targeting multiple oil and gas prospects. The well, with an estimated 113 to 540 billion cubic feet of prospective resources, has a projected depth of 2,900 meters and is expected to reach completion within three weeks. This marks the beginning of a significant drilling campaign aimed at exploiting the Kingia-High Cliff reservoirs, with additional potential in the Dongara and Cattamarra Coal Measures sandstones.
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