Profile
Strike Energy is an active Australian Securities Exchange (ASX) listed oil and gas exploration and development company with high-margin production from its proven reserves and substantial growth potential from its highly prospective exploration acreage in Australia and the USA.
In the USA, the Company currently produces from its interest in two fields in Texas and is undertaking an ongoing exploration program to expand this successful position. In February 2010 Strike Energy achieved its third discovery from a total of five exploration wells drilled to date (ie a 60% exploration success rate) with the Gardner Duncan 1 well. Final hydrocarbon volumes are still being assessed from this well, which is regarded as having the potential to double the company's oil and gas reserve base.
In Australia, the Company holds an extensive strategic ground position in the Southern Cooper Basin, for Coal Seam Gas and conventional prospects and in the Carnarvon Basin for shallow water oil and gas prospects.
