RISC certifies Strike's Ocean Hill gas field resources
Sydney-listed Strike Energy on October 10 said that RISC has independently certified conventional 2C contingent resources of net 300 petajoules at its 100%-owned Ocean Hill gas field in Western Australia’s (WA) Perth basin.
RISC has increased the net 1C contingent resources by over 700% from the last resource report in 2013 to 185 petajoules and estimates net 3C gas contingent resources totalling approximately 464 petajoules.
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“Strike’s success at the recently sanctioned Walyering conventional gas field has dramatically increased the value and confidence in its extensive acreage position in the Jurassic wet-gas play in the Perth Basin,” CEO Stuart Nicholls said. “This includes the Ocean Hill gas field, where RISC, who conducted the Walyering reserves certification, has confirmed a substantial 2C contingent resource of 300 petajoules.”
Strike has planned a 3D seismic campaign with subsequent appraisal drilling to target additional tranches of “very-low cost and fast to market” gas to come online by 2025 or earlier. Also similar to Walyering, Ocean Hill is adjacent to a pipeline compressor station, which is connected to both the LNG projects in the north and the industrial gas markets of WA in the south, providing multiple commercialisation pathways, it said.