South Erregulla Update

Source: www.gulfoilandgas.com 11/14/2023, Location: Not categorized

• The South Erregulla gas field’s Phase 1 40 TJ/d development has received its primary environmental approval under Part IV of the Environmental Protection Act 1986 (WA).
• Strike commenced the SE-3 appraisal well on 21 October 2023 and has subsequently drilled to 4,373m (measured depth) within the intermediate hole section.

South Erregulla Primary Approvals
Strike Energy Limited is pleased to announce that subsequent to the issuance of Production Licence - L24, the 100% owned and operated South Erregulla gas field’s Phase 1 40 TJ/d development has now received its primary environmental approval under Part IV of the Environmental Protection Act 1986 (WA) by the Environmental Protection Authority.

The planned South Erregulla development is part of Strike’s government endorsed Gas Acceleration and Development Strategy which aims to provide incremental gas supply into a tightening Western Australian gas market. The issuance of the South Erregulla Part IV approvals completes the primary government approval process required prior to being able to contemplate a final investment decision. South Erregulla Appraisal Drilling Campaign
The South Erregulla-3 (SE-3) well was spud on the 21st of October 2023. Strike is now in the intermediate section and has drilled down to 4,373m MD and expects to reach section depth shortly before casing and cementing with 9-5/8” casing. Strike will then run in to drill the well to total depth which will pass through the primary target in the Kingia Sandstone.

Strike observed considerable amounts of gas whilst drilling through the Beekeeper Formation which required prolonged flaring and circulation of mud gas. These conditions have been managed safely and successfully and drilling operations were continued. Strike intends to conduct wireline logging of this section once reaching the casing point.

The primary objective of the SE-3 well is to provide further data on reservoir characteristics and distribution across the South Erregulla gas field to the North and West in order to expand the existing 128 PJ of independently certified 2P Reserves1 prior to sanctioning development.

This announcement is authorised by Stuart Nicholls, Managing Director & Chief Executive Officer of Strike in accordance with the Company’s Continuous Disclosure Policy.





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