Strike Energy Limited (AU:STX) has released an update.
Strike Energy Limited has reported exceptional production test results from its Erregulla Deep-1 well in the Perth Basin, showcasing high flow rates and pressure from the Kingia Sandstone gas discovery. The well demonstrated a stabilized flow rate of 53 mmscfd, with the potential for much higher output, highlighting the reservoir’s quality and pressure regime. These results are expected to positively impact the development of the West Erregulla gas field, where Strike holds a significant stake.
For further insights into AU:STX stock, check out TipRanks’ Stock Analysis page.
