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    Strike secured drilling rig for Perth basin campaign

Summary

The drilling slots have been secured with Energy Resources, which is the operator of the Lockyer Deep project.

by: Shardul Sharma

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Strike secured drilling rig for Perth basin campaign

Sydney-listed Strike Energy has secured drilling slots on the Ensign 970 rig for its upcoming appraisal and exploration campaigns in the Perth basin over 2023 and 2024, it said on January 23.

The drilling slots have been secured with Energy Resources, which is the operator of the Lockyer Deep project, via a rig sharing agreement. Strike has successfully drilled six wells since August 2020 using the Ensign 970 rig.

The secured drilling slots will be broken up into two separate campaigns. The first will be the South Erregulla appraisal campaign which includes two updip appraisal wells to start in mid-2023 in Strike’s 100% owned South Erregulla gas field in EP503. The second will be the West Erregulla exploration and Ocean Hill appraisal campaign - a nearfield exploration campaign in early 2024 within EP469.

Drilling of those wells will be funded via the A$40mn committed Macquarie Bank facility announced by Strike last month.