STX 0.00% 23.0¢ strike energy limited

Drilling/Development Schedule

  1. 618
    3,152 Posts.
    lightbulb Created with Sketch. 2006
    With the constant change in priorities and therefore drilling schedule, I just thought I would start a new thread.

    Ocean Hill appraisal was originally scheduled for 2024 but judging by the latest comms from the company, this appears to have been pushed further down the road with priorities being given to South and West Erregulla. Based on my understanding, this is the latest drilling schedule:

    Current - SE3
    Jan 24 - Flow testing of SE2 and SE3
    Q1 24 - SE Phase 1 FID and construction commencement
    Q1 24 - W7 appraisal/development well (Western flank compartment with 2C of 33PJ in A & B sands, C & D Sands may add more)
    Q2 24 (Q4 FY24) - ED-1 (139PJ 2C)
    Q4 24 (Q2 FY25) - SWE-1 (136PJ 2C)
    Q1 25 - WE FID (my guess)
    Q2 25 - SE-1 production commences
    Q2 26 - WE production commences (my guess)

    Unscheduled - Eneabba Deep, Ocean Hill, Arrino, Kadathinni

    Given OH is expected to be similar to Walyering in terms of fast development with its low purity gas and 100% owned, I would have thought it would be prioritised higher than WE which is only 50% owned.

    618

 
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