Strike Energy Limited (ASX:STX) Initiates Walyering East Drilling

Drilling Operations Commence

Strike Energy Limited (ASX: STX) has commenced drilling the Walyering East-1 exploration well. This well is located in Exploration Permit EP447, which is wholly owned by Strike, positioned approximately 5 km northwest of the producing Walyering gas field.

The Walyering East-1 well aims to target the A to D Sands within the Cattamarra Formation. This structure is supported by an existing 3D seismic dataset and displays a favorable structural setting akin to that of successful wells in the Walyering gas field.

The well is targeting Jurassic-aged conventional sandstone reservoirs within a 3-way dip fault closure, potentially enhancing the company’s production capabilities in the region.

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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