Strike Energy ... ASX code STX
Strike Energy Limited is an Australia-based
company engaged in the evaluation, development and production of oil
and gas and energy projects in Australia and the United States of
It has unconventional (shale oil and gas) and
conventional development projects in Australia and the USA.
The Company operates in two geographical segments:
Australia-Exploration and Production, and the United
States-Exploration and Production.
The Company’s assets include
Cooper Basin, Eagle Ford Shale, Permian Basin and the United States
Strike Energy acquired Magellan
Petroleum Corporation's ("Magellan") non-operated functioning
interests in PEL 94 (35%), PEL 95 (50%) and PPL 210, Aldinga
During the fiscal year ended June 30, 2012, two wells
were drilled in Marsden 1 in PEL 95 and Davenport 1 in PEL 94.
Cooper Basin is Australia’s prolific onshore oil and gas region and
is recognised for its unconventional potential. The Company’s permit
areas are known to contain hydrocarbon bearing shale, coal and sand
Strike Energy retains a 100%
position in licence region CO 2009-D in
Strike Energy has an operating
66.7% interest in PEL 96 and 75% interest in PELA 71, gives Strike
Energy the superior position in future oil exploration and
continuing unconventional assessment (primarily CSG) in the area.
The southern Cooper/Eromanga region includes traditional oil
potential in the Strike Energy permits as indicated by oil exhibits
in a number of of the active wells as well as the presence of the
Aldinga Oilfield in PEL 95 and the Kobari Oilfield on the northern
boundary of PEL 95.
The Permian CSG potential in PEL 96 extends into PEL 94 and PEL 95
towards the north.
Louisiana: Strike Energy has farmed into a new exploration
partnership (the Bateman Lake Joint Venture) with Texana Resources
located in Houston.
Strike Energy is going to be acquiring 10 - 15% Functioning
Interests primarily in the prospects generated.
Texas: Strike Energy and it's partners within the Eaglewood
Joint Venture are taking part in an onging exploration drilling
program on prospects that sit on a similar trend as the Rayburn and
Mesquite producing fields.
These prospects tend to be comparable in nature to the Rayburn and
Mesquite findings being also located within the productive Wilcox
Quite a few of these types of prospects will have probable resource
potential an order of 50 to 100 Bcf. Strike Energy possesses a 30%
Working Interest in all these prospects.