Strike Energy (ASX: STX) Closes what appears to be another breakthrough in the Perth Basin, and the Walyering-5 review confirms the existence of high-quality conventional natural gas reserves in the field.
The total net charge of the four gas-filled reservoirs is 51m and the average postage rate is 15.4% – significantly higher than the 10.3% seen in the West Erragula-2 well – more than expected and more. The company’s belt.
While the news is exciting for Strike, it is even more important for his partner. Talon Energy (ASX: TPD)The EP447 license for the field holds 45%.
The Waling-5 not only represents the first major success in the Perth Basin, but also the large condominium structure, which can handle up to 10 times the target gas resources, could provide a significant clue. By Walling – also at a depth of 1,500m.
The lower condensate ratio is seen as positive as it means lower growth cost and faster market profile.
Welling-5 and Perth Basin
The results of the Walyering-5 project, which are designed to boost Walyering wet-gas discovery, have exceeded Strike’s expectations due to the high cost of water storage and extra refined gas in deep sand. .
Gas in the region A, B and C Sands has been discovered in the history of the Jurassic age of catarrhal coal mines and nearby geurassic gases such as Jean-Gene, Red Gull, and Ocean Hill.
Core samples were taken from the sand to confirm the regional nature of the reservoir.
The gas samples tested in the laboratory contained only 0.69% CO2, which is in line with the list of pipelines in the historic Waling product stream.
EP447 is located in the Perth Basin, which will soon become Australia’s next major oil company.
Thanks to the gas station, 180 km north of Perth, and the proximity to the established gas transmission infrastructure.