News Articles for Strike Energy

Strike Energy's landmark Jaws-1, super-deep coal seam gas well in the Cooper Basin of South Australia, continues to demonstrate excellent productivity with water production rising 18% to 1300 barrels per day. The pumps are being run at less than 50% capacity while reservoir pressure is currently about of the original pressure prior to beginning depressurisation. Strike is managing the water drawdown to maximise gas recovery.

Strike Energy's Jaws-1 horizontal coal seam gas well in the Cooper Basin of South Australia, is currently flowing water at a rate of about 1,100 barrels per day and rising with the electric submersible pumps operating near their lowest setting. This indicates significant reservoir inflow from the targeted Vu Upper coal seam and the company will continue to ramp up water production until sustained operations are achieved.

Strike Energy has started pilot testing to confirm the commercial quality of the Jaws-1 deep coal seam gas reservoir at its Southern Cooper Basin Project in South Australia after finalising commissioning activities. The electric submersible pumps will be run at low rates to ensure they are in good working order before being ramped up based on the productivity of the stimulated reservoir.

SPECIAL REPORT: Despite a host of deals in the Perth Basin during the past year, proponents are battling issues with red tape.

A huge amount of data gathering during the drilling of Strike Energy's Jaws-1 coal seam gas well has backed up the company's bold punt on a deep coal seam gas well and left the management confident that it will become “a major productive area”. The company is hoping to book a gas reserve sometime soon after a successful flow test.

Strike Energy expects its Jaws-1 deep coal seam gas well in South Australia's Cooper Basin to potentially come online in early July. Production testing will confirm the commercial viability of Strike's Southern Cooper Basin Gas Project which has conditional gas off-take agreements already in place with substantial domestic gas consumers.

Fresh from its technical successes in the Cooper Basin, Strike Energy has put its technical skills to work again to reveal a stunning analogue of the coveted Waitsia gas field in the North Perth Basin. Strike reported that detailed technical studies at its newly acquired West Erregulla project, just 16kms southeast of Waitsia, shows a potential gas resource of up to 1.24 trillion cubic feet.

Strike Energy's technically ground-breaking Jaws-1 gas well at the Southern Cooper Basin project looks like it could be the making of the company after a vital fracture stimulation program was proclaimed a success yesterday. The company's share price soared by 30% after it broke the news that all seven-stages of the Jaws-1 stimulation program had gone exactly to plan.

Strike Energy is a step closer to discovering whether its Jaws-1 well will be a game-changer for the gas-starved east coast market, with Halliburton's fracture stimulation equipment on its way to site. The pioneering Jaws-1 well was successfully completed earlier this month and could possibly be within weeks after a seven-stage fracture stimulation program.

Strike Energy's share price has been on a white knuckle ride over the last few weeks as investors desperately try to work out if it is going to be the next large cap gas producer in Australia, or fail whilst daring to create a new technical frontier in the search for coal seam gas riches. Strike significantly de-risked its Jaws-1 well this week with the installation of a liner and its fracture stimulation sleeves.

Perth-based John Poynton has been appointed as a non-executive director of Crown Resorts, replacing billionaire James Packer.

In a tour de force of drilling expertise, Strike Energy and its big-name drilling contractors have successfully completed one of the most difficult wells ever attempted onshore in Australia. Strike reported that the Jaws-1 horizontal well had met its objectives and was being prepared for hydraulic stimulation, sending the junior explorer's shares up by more than 10%.

Innovative shareholder registry management company, Advanced Share Registry is pleased to announce it has signed a binding agreement with Private Company Platform Pty Ltd to acquire a 51% sharehold

Strike Energy has drilled the intermediate section of the historic Jaws-1 well in the Southern Cooper Basin and is set to begin the critical, horizontal drilling phase of the campaign before flow testing the historic, pure coal seam well at previously untested depths of more than 2km below surface. Investors are now set for a white knuckle ride one way or another.

The wait is almost over and the anticipation is palpable. John Poynton chaired Strike Energy's historic Jaws-1 appraisal well is steaming seamlessly towards completion in the Southern Cooper Basin as the company attempts to prove that coal seam gas can be accessed economically at previously unheard of depths. An interconnecting horizontal well will now be subjected to a seven-stage hydraulic stimulation program.

Strike Energy's Jaws-1 appraisal well in the Southern Cooper Basin has intersected coals at a target depth of more than 2000m and remains on the cusp of making history as the first coal seam gas well to commercially flow hydrocarbons from extreme depths in Australia. The vertical well will later meet a horizontal well extending 800m in preparation for a seven-stage hydraulic stimulation program.

Strike Energy has spudded the Jaws-1 exploratory oil and gas well in South Australia which may turn out to be a historic move for the John Poynton Chaired ASX-listed junior. Set to be drilled to an extraordinary target depth of 2000m, Jaws-1 may well become the deepest pure coal seam gas well ever drilled not only in Australia, but possibly in the southern hemisphere.

US oilfield services giant Halliburton has been piqued by Strike Energy's ambitious Southern Cooper Basin project and has penned a MOU with the Adelaide explorer to potentially drill dozens of wells in the area. The deal has emerged less than a week before the ground-breaking Jaws-1 appraisal well kicks off. It will be one of the deepest pure coal seam wells ever drilled, at 2000m.

A revised gas off-take agreement to supply packaging firm Orora has been pushed out to 2020, giving junior explorer Strike Energy the manoeuvrability to fully-focus on its streamlined development strategy in the Southern Cooper Basin Gas Project. The company has welcomed the new deadline for the deal as it prepares to spud its ground breaking Jaws-1 appraisal well, which is potential a game-changer for the oil and gas industry generally.

One of the oil industry's top analysts has given a very positive report on Strike Energy as it embarks on a drill program with the potential to save the east coast gas market from its supply shortage. Peter Strachan's new report concludes Strike is worth 66% more than its current share price and that's before the high-impact Jaws drilling program gets underway in the Cooper Basin.

Strike Energy is preparing to push the envelope of wellbore capacity by drilling possibly the world's deepest pure coal-seam well and the first of its kind in the southern hemisphere. The Jaws-1 well in the Southern Cooper Basin is set to spud in mid-February and is aiming to unlock a massive gas resource of up to 11Tcf to help Australia's eastern states fend off a looming energy crisis.

Strike Energy has appointed current chief executive Stuart Nicholls as managing director, and Andrew Seaton as non-executive director.

Company director John Poynton has moved into the gas sector as the new chairman of Cooper Basin-focused Strike Energy, which has also recruited a new managing director from Shell.

Ausdrill subsidiary Energy Drilling Australia has secured a contract extension of undisclosed value with Strike Energy for a three-month drill campaign in the Cooper Basin.

Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.

Business News for Western Australia. Thursday August 1. Shanna Crispin reports. Office vacancy rate increases. Perth house prices take a slight fall. Strike Energy raises $9.2 million and more.

Oil and gas producer Strike Energy has raised $9.2 million through the sale of new shares to fund the next phase of drilling at its gas project in the Cooper Basin and received its first pre-paymen

Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.