cooper basin a go

From Strike energies activities report, EWC approx 33% (1/3rd) holder PEL96
Cooper Basin
The gas market in Eastern Australia is transitioning from supply driven to demand driven conditions with commercial and industrial gas consumers increasingly concerned about their ability to secure gas supply contracts beyond the 2015/16 start up of the three Gladstone LNG export projects. Strike’s 14Tcf Southern Cooper basin gas and liquids resource is ideally located to supply gas directly into this market taking advantage of existing open access and under-utilised gas pipeline infrastructure which runs through its acreage. The strategic value of Strike’s position, close to infrastructure and with world class size potential, is increasingly being recognised by both upstream and downstream participants in the Australian east coast gas business.
Strike’s objectives for 2013 are to appraise the production potential of the uniquely thick and gassy coals discovered in 2012. A drilling, coring and flow testing program is planned for PEL 96 (STX 66 2/3%) and a frac and flow test program is planned for the coals identified in Davenport well in PEL 94 (STX 35%). The 2013 program is designed to obtain the data necessary to commence pilot program drilling and extended production testing in 2014 with commercial development possible from 2015 to meet market requirements. Third party success in the appraisal of the shale potential to the north of Strike’s project area will continue the shale resource opportunity with liquids potential within the Strike acreage.

Dyor