STX 0.00% 23.0¢ strike energy limited

not ramping anything, do your dd on JAWS, the potential is...

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    not ramping anything, do your dd on JAWS, the potential is 11tcf.
    so whoever wrote this and l can show you 20 others is ramping as well.



    Building up for a strike on pure coal-seam gas Strike Energy first discovered the “regionally continues and unusually thick gas-bearing coal seam” at a depth of 1,900 metres, making the upcoming Jaws-1 spud as one of the deepest coal seam appraisal wells ever drilled. Drilling has identified an estimated net 2C resource of 103 billion cubic feet of gas (bcf) and a prospective resource with seismic support, estimated at over 11 trillion cubic feet of gas (Tcf). Later this month, Strike will initiate its Jaws-1 appraisal work involving an 800-metre horizontal section with first gas flow expected towards the end of the year. Coal-seam gas has typically been produced from coal seams at depths of between 300 and 1,000 metres from eastern Australian sedimentary basins. More recently, improved drilling and well completion techniques have extended commercial production to depths beyond 2,000 metres where high gas content and favourable fracture permeability combine for large tonnage potential and strong operating margins. Strike has said that success at Jaws-1 would support immediate work on a Jaws-2 well, aiming for a 1,000-metre horizontal section and nine stimulation stages. If Strike is successful in its intentions to drill a multi-horizontal well, the company hopes to target more than 7 petajoules (PJ) of gas (around 6.6 trillion cubic feet) from horizontal sections in three coal seams. Strike estimates suggest this will cost approximately $13 million which would help drive initial capital costs down to $1.75/ per gigajoule

    https://*********.com.au/strike-energy-significant-coal-seam-resource-cooper-basin/


 
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