Oil and gas exploration firm Strike Energy has completed drilling and flow-testing operations of the West Erregulla-2 well in Australia.
The company has released a 2C Contingent Resource estimate of 1,185bcf (gross) for the Kingia and High Cliff Sandstones at West Erregulla.
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Strike Energy managing director and CEO Stuart Nicholls said: “The size of this resource enables the progression of multiple development options with West Erregulla being a highly productive, recoverable gas asset, which is adjacent to major gas transmission infrastructure.”
“This resource and its location are the basis and foundation for Strike’s aspirations of being one of the lowest-cost gas producers in Australia.”
West Erregulla is situated in exploration permit number EP469, an onshore oil and gas asset, which is located in the onshore North Perth basin of Western Australia.
According to Strike Energy, West Erregulla is believed to be one of Australia’s largest onshore conventional gas fields.
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By GlobalDataStrike Energy holds a 50% interest in EP469 and operates the asset while the remaining 50% is with Australia’s oil and gas firm Warrego Energy.
Warrego Group CEO and managing director Dennis Donald said: “We are very pleased to see these initial estimates following what has been a very successful 2019 programme. While it’s obviously early days and we will continue to review what is an extensive data set, it represents a very good first step in what is becoming Australia’s next gas frontier.”
Nicholls added that first gas sales from the field are expected in 2022.
In May 2018, Strike Energy completed drilling operations at its Jaws-1 project in Australia’s Cooper Basin.
