Strike Energy Updates Cooper Basin Operations

Strike Energy has completed the three Klebb wells as part of operations at its Southern Cooper Basin Gas Project in PEL 96 in Australia.

Each well has been fully re-commissioned with the Phase 3 extended flow test program having commenced last week, Strike said in a stamen Monday.

Flow rates at each well will be ramped up in a controlled manner over coming weeks based on procedures developed over the previous 6 months of testing.

Early water and gas flow results are encouraging with sustained gas flows observed at each well shortly after commencement of water production, the company said. Initial results also show that well productivity has been substantially increased following the fracture stimulation treatments at Klebb 2 and 3.  

Strike has 66.7 percent interest in the project and is the operator, Energy World Corp has the remaining stake.

The Cooper Basin is known as Australia’s most prolific onshore hydrocarbon region and has been recognised as the most likely source of gas to supply the looming Eastern Australia gas shortfall. According to company website, Strike is focussed on the rapid appraisal and commercialisation of a very large gas resource contained within PEL 94, PEL 95 and PEL 96 to meet this demand and has signed conditional gas off-take agreements with three substantial domestic gas consumers.

Southern Cooper Basin Gas Project (PEL 94, 95 and 96) is targeting the gas potential of a series of very thick coals across a large portion of the permits.