Strike Energy Provides West Erregulla Update

Source: 11/16/2020, Location: Not categorized

Strike Energy Limited provides an update on behalf of the EP469 Joint Venture.

Current Operations
Since the last update, Strike carried out the installation of the wellhead section for the 13-3/8” casing in preparation for drilling ahead with the second intermediate hole section. Pressure testing of the wellhead seals was unsuccessful and upon investigation it was found that the slip and seal assembly for the 13-3/8” casing connection had failed.

With the slip and seal assembly not suitable for reuse, a new assembly will be required and is currently due to arrive in approximately one week.

Forward Plan
Strike will now complete remedial and preparatory activities before the rig stands by the arrival and subsequent installation of the new slip and seal assembly.

Following this rectification work, the well drilling program will resume as planned.

About the West Erregulla Appraisal Campaign
Up to three appraisal wells will be drilled in the West Erregulla field, which is located in EP469. The appraisal wells will be drilled down to ~5,000m with West Erregulla 3 designed to test the continuation of the commercial gas accumulation in the northern fault block and West Erregulla 4 (and 5) to appraise the reservoir distribution in the central fault block. After various coring and logging operations all three wells will be flow tested (on success) and completed as future producers across the Kingia / High Cliff sequences for the proposed Phase 1 production operations. The Wagina gas discovery made in West Erregulla-2 will be appraised during the West Erregulla 4 & 5 wells.

The West Erregulla wells are to be executed at the following coordinates:
• West Erregulla 3: 29° 22’ 40.79” S, 115° 18’ 30.70” E
• West Erregulla 4 (proposed): 29° 25' 8.89" S, 115° 19' 18.15" E
• West Erregulla 5 (proposed): 29° 24’ 1.72” S, 115° 18’ 27.17” E

Strike Energy Limited is the operator and the holder of a 50% joint venture interest in EP469, and Warrego Energy (ASX: WGO) a holder of the other 50% joint venture interest. This announcement is authorised for release by the Managing Director and Chief Executive Officer in accordance with the Company’s Continuous Disclosure Policy.

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