Exploration & Production
Strike to Sell Acreage and Farm Out in Eagle Ford
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Strike Energy Limited has provided the following update on its US portfolio.
Eagle Ford ShaleStrike has a 27.5% working interest in the Cypress Eagle Ford Shale Joint Venture, operated by Cypress E&P Corporation, in Lavaca and Fayette Counties, Texas which has 41,550 gross acres under lease (Strike’s net interest is 10,995 acres). The large, mostly contiguous position in the Eagle Ford is
located on trend with highly productive fields in Lavaca and De Witt counties with leases predominantly positioned in the optimum gas‐condensate window.
As previously announced, the Board has undertaken a comprehensive review of the strategic alternatives for our Eagle Ford investment and our other US exploration and production assets and is pleased to advise that the Cypress Eagle Ford Shale Joint…
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