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Strike Energy Updates Cooper Basin Shale Drilling
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COOPER BASIN
• Drilled Marsden and Davenport wells
• Discovered very thick coals with high gas contents
• Prospective resource estimate upgraded
• Granted three new permits PEL 515, PEL 575 and PEL 71
CONFIRM RESOURCE POTENTIAL
Evaluation drilling has confirmed coal and shale thicknesses Existing seismic shows formations extend across wide area Lab analysis has confirmed encouraging hydrocarbon content Prospective resource to be certified by an independent geological consultant Achieve a near-term re-rating of asset value in-line with early stage peersDEMONSTRATE PRODUCTIVITY
Technical and economic scoping studies underway to develop optimal well design and completion technique Planned flow-testing during in H1/2013 Achieve a medium-term re-rating of asset value in-line with peers at…- ✓ Full news archive — U.S., Canada & international coverage
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