Perth Basin gas producer Strike Energy says it is closing in on a final investment decision at two key projects, including the West Erregulla resource owned in JV with Hancock Prospecting.
Triangle Energy's hunt for onshore oil and gas at its Booth prospect in Western Australia's North Perth Basin has stepped up a gear, with spudding of its Booth-1 well anticipated at the end of this month and drilling expected to begin in about 10 days. The company is targeting a vast 279 billion cubic feet resource at Booth.
A Perth Basin gas project jointly owned by Gina Rinehart's Hancock Energy and John Poynton-chaired Strike Energy has been granted a key state approval.
Strike Energy has unveiled a plan to build and operate a gas power plant in a bid to support the state's main electricity grid, tapping its gas reserves at South Erregulla in the Perth Basin.
Strike Energy has refinanced and secured additional funding to support its Perth Basin gas acceleration strategy, agreeing to terms on a $153 million Macquarie Bank funding package.
The Federal Government has paved the way for Triangle Energy Global to complete the $15 million sale of its Cliff Head oil assets off the WA coastline after approving the site for permanent offshore carbon storage. The approval confirmed today by Resources Minister Madeleine King will allow Pilot Energy to acquire the project, while Triangle will set a stronger focus on its Perth Basin targets.
Strike Energy has recovered the development cost of its Walyering gas project in the Perth Basin after just eight months, a timeframe the company says is among the fastest in recent history.
A key Perth Basin gas producer has hit back at the state's major gas users for seeking to block LNG exports from onshore projects, accusing them of cartel-like behavour.
The alliance representing the state's largest domestic gas users is ramping up its campaign to keep onshore gas in WA, as the premier's stance on the issue appears to be wavering.
Strike Energy has not given up on developing a standalone gas project at its South Erregulla project in the Perth Basin, despite recent drill rig disappointment in the area.
Mark Beyer and Mark Pownall discuss takeover deals for MMA and APM; hydrogen approvals challenges; payroll tax; WA's gas market; and resource export outlook.
Strike Energy chair John Poynton says recent test well disappointment at the South Erregulla project had caused a period of reflection at the company, but maintains the future is bright.
Shares in Strike Energy plummeted a further 25 per cent today as the company updated on well testing at its South Erregulla gas project in the Perth Basin.
Perth Basin gas producer Strike Energy says it is disappointed with well testing results from its South Erregulla project, but will use the data gathered to guide the project's modelling.
Roger Cook has conceded a policy that requires 100 per cent of onshore gas to be used domestically will mean little if it stifles investment, as his government explore its domgas settings.
Wholesale electricity prices in WA were double the national average in recent months, driven higher by the November heatwave and the increased cost of managing a restructured market.
New seismic data has revealed that Triangle Energy may be sitting on a gushing 36 million barrels of oil and 535 billion cubic feet of gas as best-estimate prospective (P50) resources in the North Perth Basin. The company plans to drill-test two of its 12 new prospects that hold part of the volume, with wells kicking-off in the first half of this year.
Premier Roger Cook has left the door ajar for the export ambitions of gas developers in the Perth Basin, committing to look at the state's domestic policy settings over the next six months.
Strike Energy has secured a sales agreement with Alinta Energy as it ramps up marketing activities for production from its Walyering gas field in the Perth Basin.
Reactive domestic gas policy changes by the state government present a threat to stable supply in Western Australia, according to Strike Energy chair John Poynton.
Strike Energy has notched gas sale agreements with Boddington miner South32 and AGL from its South Erregulla asset, dependent on a final investment decision.
The state environmental regulator has cleared the way for Stike Energy's South Erregulla gas field development after determining not to assess the proposal.
A new report has singled out timely local supply from Woodside's Scarborough project and the Perth Basin as critical to balancing the state's tight domestic gas market.
Strike Energy has become the Perth Basin's newest gas producer, commissioning gas into the state's Parmelia pipeline from its Walyering joint venture project.
The imminent production milestone at Strike Energy's Walyering gas project in the Perth Basin has taken a back-seat as regional rhetoric and policy changes ramp up.
Strike Energy has told the state's Domestic Gas Price Inquiry that a requirement for onshore Perth Basin projects to supply the domestic market is stifling access to international investment.
Perth basin-focused developer Strike Energy has blamed inefficiencies in the WA gas market on government policy settings, while singling out Beach Energy and Hancock Prospecting.
Strike Energy has announced it will acquire Perth Basin joint venture partner Talon Energy, just weeks after withdrawing an unsolicited proposal for the company.
The state government has backed Strike Energy's gas acceleration strategy, which involves progressing four domestic gas projects to commercial production by 2025.
Chris Ellison-led Mineral Resources has moved to a compulsory acquisition of its Perth Basin partner Norwest Energy after securing a more than 90 per cent stake in the company.
Strike Energy is gearing up to report its first operating profits from the Walyering gas field after finishing the quarter in a “unique position”, its chief executive says.
Rationalisation of WA's domestic gas sector has taken another step with Mineral Resources securing control of its joint venture partner Norwest Energy.
