Strike Energy Limited (AU:STX) has released an update.
Triangle Energy Global Ltd has announced a partnership with Strike Energy Ltd and New Zealand Oil and Gas Ltd to drill the Booth-1 well in the North Perth Basin using the Ventia 106 rig. The well, targeting a prospective resource of up to 540 Bcf of gas, is part of an upcoming drilling campaign aimed at exploring several new oil and gas prospects identified by recent 3D seismic data interpretation in the region’s under-explored acreage. Triangle Energy’s financial commitment to the project is capped at an estimated $1.5m for their share of the Booth-1 well costs.
For further insights into AU:STX stock, check out TipRanks’ Stock Analysis page.
