Strike Energy Limited (AU:STX) has released an update.
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Triangle Energy Global Ltd reported that the Booth-1 well, drilled in the North Perth Basin, was completed ahead of schedule and under budget but failed to discover any moveable hydrocarbons. Despite the setback, the company praised the efficiency of the operation, which will reduce net costs, and is now turning its attention to the upcoming Becos-1 well. Triangle Energy remains focused on assessing the remaining prospectivity of the L7 permit for future drilling.
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