Strike Energy Limited ( (AU:STX) ) just unveiled an announcement.
Strike Energy Limited announced that the Becos-1 exploration well in the north Perth Basin reached its total depth without discovering commercial hydrocarbons. The well, drilled under the EP437 joint venture led by Triangle Energy Global Ltd., was completed ahead of schedule and within budget, but has been plugged and abandoned due to the lack of viable hydrocarbon findings. This outcome may impact Strike Energy’s exploration strategy and its stakeholders’ expectations regarding future resource development in the region.
More about Strike Energy Limited
Strike Energy Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is involved in projects primarily located in the Perth Basin, with a market focus on discovering and commercializing hydrocarbon resources.
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