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STX Strike Energy - Coal Seam Gas

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 America (USA).
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 Conventional.
Strike Energy acquired Magellan Petroleum Corporation's ("Magellan") non-operated functioning interests in PEL 94 (35%), PEL 95 (50%) and PPL 210, Aldinga Oilfield (50%).
During the fiscal year ended June 30, 2012, two wells were drilled in Marsden 1 in PEL 95 and Davenport 1 in PEL 94.
The 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 formations.
Strike Energy retains a 100% position in licence region CO 2009-D in South Australia.
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 Formation.
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.

Strike Energy Limited
Ground Floor, 10 Ord Street
+61-8-61030999 (Phone)
+61-8-61030990 (Fax)
Mark Howard Carnegie Chairman of the Board
David C. Wrench Chief Executive Officer, Managing Director, Executive Director
Andrew Hooper-Nguyen Chief Financial Officer, Chief Commercial Officer
Bennett A. Thomas President - United States Business
Salina L. Michels Financial Controller, Company Secretary
Don J. Poynton Manager - Exploration and Environment
Robert J. Weeden Manager - Geoscience
David Baker Non-Executive Director
Timothy Maxwell Clifton Non-Executive Director
Simon M. Ashton Non-Executive Independent Director

Search the ASX website for company announcements from STX

Strike Energy 5 year chart, dated 19 November 2013.




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