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STRIKE ENERGY LIMITED - ASX: STX
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Description
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.
Mine For
oil, gas, coal seam gas
Location of operation(s)
Western Australia, Queensland, South Australia, USA
Australian Basins
Southern Cooper, Carnarvon
Address
10 Ord St
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 6103 0999
Website
http://www.strikeenergy.com.au/
Last Updated
6/4/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
