Strike Energy Updates on Southern Cooper Basin Gas Project in SA

Strike Energy Limited (Strike) provided Monday an update on production testing and drilling operations at the Southern Cooper Basin Gas Project in South Australia. Operations in PEL 96 are continuing to schedule with production testing operations at Klebb 1 and Le Chiffre 1 underway.

Klebb Multi-Well Production Test

Pumping operations at Klebb 1 commenced on Friday, Oct.31 with water production rates of up to 600 barrels of water per day being achieved during initial commissioning. Water flow rates have steadily declined with approximately 3,000 barrels of water produced to date. Reduction in reservoir pressure has also been observed with increasing gas shows noted at surface.

As at 6:00am Nov. 10, Klebb 2 had reached total depth of 6,938 feet (2,115 meters) and production casing has been run and cemented. The well will now be completed for production testing.

Le Chiffre 1 Single Well Production Test

Pumping operations at Le Chiffre 1 commenced on Saturday, Nov. 8 with commissioning ongoing. Gas shows have already been observed at surface.

Testing Program – Forward Program

Production testing will continue with water and gas flow rates and pressures observed. Flow rates and pressure drawdown will continue to be conservatively managed to minimise potential for reservoir damage and ensure steady progress towards sustained gas flow at surface.

Managing Director's Comment

“We are pleased to have successfully commenced testing operations at Le Chiffre 1 and Klebb 1 as planned. The early results are very encouraging as we have experienced lower volumes of formation water than anticipated and have already observed good gas shows at surface. Our next objective is to demonstrate sustained gas flows at  surface over coming months.”


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