Strike Energy Limited (Strike-ASX:STX)and another Perth Basin operator have agreed to collaborate and sequence their drilling programs in order to mobilise the Easternwell 106 land rig to the Perth Basin.Strike will be using the EW106 to drill the West Erregulla-2 well within EP469 (Strike 50% and Operator, Warrego Energy Limited 50%) .This is a major achievement for Strike and the EP469 JV with the EW106 being one of the largest and most powerfull and rigs in country and heavily sought after for work in other basins throughout Australia. The rig has been assessed as having the best capacity for the expected drilling conditions within the Perth Basin.The high hook load, torque and pumping capacity of the EW106 will add additional contingency towards a successful outcome at the West Erregulla-2 well and as a result of these rig specifications, the EW106is expected to reduce drill timeby up to10%. The EW106 rig is currently expected to land at West Erregulla in late April with spud planned shortly after.Other operators directly to the West and North are looking to drill similar Kingia-High Cliff(KHC) targets during 2019. Strike’s technical work has generated a momentum in the play with confidence growing in the commerciality of the KHC South Eastern Waitsia trend.Cheers Reserve
