STX 4.35% 22.0¢ strike energy limited

Ann: West Erregulla Update, page-2

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    Since the last update, Strike has completed drilling of the first 1st intermediate hole section down to 2,462m (measured depth). An earlier casing point was selected to provide additional contingent rig mast capacity when running the casing in this section due to the side-tracks that were required to resolve the previous drilling issues. Strike has subsequently run the casing to depth without issue and has cemented it in place.
    Prior to reaching the amended casing point, hydrocarbon shows were observed in the upper Cattamarra Coal Measures which is consistent with Strike’s geological models and is analogous to observations seen in the West Erregulla 2 well.
 
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