Wednesday 17 August 2022

Strike Energy Limited provides an update on the flow testing activities at WE3 in the West Erregulla gas field on behalf of the EP469 JV.

Since the last update Strike has mobilised the testing package to the WE3 well site and has completed rig up and swabbing operations. Strike is currently conducting four perforations across 40m of the gas charged Kingia Sandstone before commencing clean-up flows followed by the formal flow period which will be conducted over a proposed 7-day period. The flow test will be followed by a longer build-up period to facilitate a robust understanding of the reservoir quality and the connected gas reserves and resources. Strike will make further disclosure as results come to hand post the testing period.

WE3 is located at following coordinates: 29° 22’ 40.79” S, 115° 18’ 30.70”

Strike Energy Limited is operator and the holder of a 50% joint venture interest in EP469, and Warrego Energy (ASX: WGO) a holder of the other 50% joint venture interest.