Strike upgrades West Erregulla reserves by 41%
Sydney-listed Strike Energy on July 28 said that the reserves and resources estimate for the West Erregulla (WE) gas field in EP469 in Australia's Perth basin had been upgraded by 41%.
Independent advisory NSAI has incorporated the petrophysical results of the logs from the successful appraisal drilling at WE3 into their subsurface modelling and resource estimation within the Kingia sandstone, the company said. This review has yielded a 41% increase in the quantity of gross 2P sales gas estimated for the field to 422 PJ and a gross 2C contingent resource of 30 PJ. Given Strikes’ 54% direct and indirect interest in the field, its share comes to 211 PJ and 15 PJ, respectively.
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Strike operates EP469 in a 50:50 joint venture with fellow Australian company Warrego Energy. Strike owns 7.63% of Warrego. This gives Strike a further 4% ownership of EP469.
Strike said that the upgrade to the WE reserves has come from an increase in quality and thickness of the field’s Kingia reservoir properties, conversion of previous contingent resources in the north of the field and extension of the field’s boundary to the north-west, which was not previously included in the assessment.