Strike Energy Completes Cooper Basin Appraisal Drilling Program

Strike Energy has announced the completion of the Southern Cooper Basin Gas Project appraisal drilling program.

“The results obtained from the Le Chiffre 1 and Klebb 1 wells have materially de-risked key parameters underpinning project resource and cost estimates ahead of the next stage of the project’s commercialization,” Strike said in a statement.

The Klebb 1 well was drilled to a total depth of 2,193m and cased using premium casing to allow for future fracture stimulation and flow testing.

Target coals encountered at Klebb 1 are 35% thicker than at Le Chiffre 1 and confirm the presence of a substantial, continuous gas resource directly under the Moomba to Adelaide gas pipeline, the company announced.

The company would continue to analyse data obtained from the Le Chiffre 1 and Klebb 1 well through first quarter of 2014.

According to Strike, a comprehensive completion,testing and production optimisation program is currently being developed.

“As gas is already being successfully produced from deeper Cooper Basin coals after fracture stimulation, the first trial under the program will involve a fracture stimulation and production test at both LeChiffre 1 and Klebb 1 during Q2 2014. Planning and environmental assessments for this program are well advanced,” the company said.

Strike’s Southern Cooper Basin Project is initially targeting the coal seam gas potential within permits PEL 94, PEL 95 and PEL 96. 

The Cooper Basin has become Australia’s premier location for evaluation of unconventional resources due to the historical hydrocarbon production, extensive geologic database and existing gas processing, pipeline and service infrastructure. 

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