Strike Energy Limited

Oil & Gas - Carnarvon Basin, Australia

The Carnarvon Basin is currently Australia’s most prolific oil and gas producing Basin. The basin contains approximately 50 producing fields and about 30 undeveloped fields. Another 30 discoveries are held under Retention Leases. The developed gas fields range in size from less than 100 Bcf (onshore or near shore) to over 10 Tcf while developed oil fields may vary from less than 1 million barrels for developments near existing infrastructure to greater than 100 million barrels for stand-alone developments.

Strike has several permits in the shallow water area of the basin with favourable locations for oil and gas migration.

Permit EP 424 contains the Baniyas prospect, one of the largest remaining prospects in the shallow water portion of the Carnarvon Basin.

Permit EP 325 contains the Rivoli gas field which is under consideration for supplying gas to the Department of Defence’s communication station at Exmouth.

Results for June Quarter:

  • During the quarter negotiations continued to secure exploration rights over a greater portion of the Baniyas geological structure. A farm-in partner is being sought to assist with the drilling of the prospect.
  • The Department of Defence's white paper on defence planning and expenditure was released during the quarter. A decision on Rivoli development is not expected before end of 2009.

Planned for September Quarter:

  • EP 424 – planning for a well to test the Baniyas prospect in EP 424 (Strike Energy WI: 40%) during 2010.

Permit

State

Strike
Interest

Operator

Prospect

Prospective
Resource

EP 110

WA

40%

STRIKE

Renewal pending

-

EP 325

WA

44.5%

STRIKE

Work in Progress

Rivoli Gas Field

EP 424

WA

40%

STRIKE

Baniyas

Mean 24 MMBO
P10 44 MMBO

EP 459

WA

100%

STRIKE

Work in Progress

-

WA-261-P

WA

19.94%

APACHE

Work in Progress

Chamois Oil Field

 

Ensco 56 Rig drilling in the Carnarvon Basin.

 
17-11-2009
Chairmans Address and AGM presentation
PDF
05-11-2009
Investor Briefing Company Presentation
PDF
28-10-2009
First Quarter Activities
PDF
01-09-2009
Good Oil Conference Presentation
PDF
31-07-2009
Fourth Quarter Activities Report
PDF
Carnarvon Basin

 

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