Strike Energy Limited (AU:STX) has released an update.
Triangle Energy Global Ltd is gearing up to spud the Booth-1 well in the North Perth Basin, with the Ventia 106 rig expected to commence drilling by the end of July 2024. The well targets multiple oil and gas reserves, boasting a prospective resource range between 113 Bcf to 540 Bcf, with a ‘Best Estimate’ of 279 Bcf. The drilling operation, which will target the Kingia-High Cliff reservoirs among other potential zones, is part of a joint venture that includes Strike Energy and New Zealand Oil and Gas.
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