Unconventional Gas Exploration Oil Major Growth Potential
Strike Energy Limited - Unconventional Gas
Strike Energy Limited is a high margin gas and oil-condensate producer focusing on oil exploration. which is active in some of the world's most productive basins and features major project growth potential across a range of new energy opportunities.
Unconventional Gas
Each and every season Strike Energy has developed and on going success has been relished.
For example, Strike has enjoyed success in North America participating in projects whilst maintaining high interests.
In Texas, Strike Energy and its companions inside the Eaglewood Joint venture are engaged in an onging exploration drilling program on prospects that are located upon exactly the same trend as the Rayburn and Mesquite producing fields. These prospects are similar in nature to the Rayburn and Mesquite findings being positioned in the prolific Wilcox Formation. Most of these prospects will have prospective resource potential in the order of 50 to 100 Bcf. Strike Energy carries a 30% Working Interest in these prospects.
Unconventional Gas - Strike Energy
Later this year and in to next year is no exception. Strike Energy is contiuning to move forward with many exicting new ventures. To find out more about new developments, look on the homepage.
Strike Energy's main investment lies on Australia where there are three main locations including the bowen basin.
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.
Strike Energy keeps a Working Interest in 10 wells in the us onshore Gulf Coast area that shipped 3.33 Bcf of gas and 82,000 barrels of oil condensate in the year 30 June 2009.
Generation continues in 2010 from 10 wells in Texas, with the potential to boost this production through success in the exploration drilling programs which have layed out targets with 200 Bcf gas potential to Strike Energy. In Feb this year 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. Closing hydrocarbon volumes are still being examined out of this well, which is regarded as having the potential to double the businesses oil and gas reserve base.
A high margin production is consistent in all of Strike Energy's operations. We are ideally placed with long standing partners in America and access to Australia's richest reserves.
For more information on Coal oil click, and for coal oil gas click.