Some facts:
Fact: Strike Energy hold a significant amount of assets in the Southern Cooper Basin
Fact: potential here for early commercialization based on work programs being progressed. The tightening of the domestic gas market provides massive opportunity for securing off-takers and/or partners like Orica - exciting times for 2014
Fact: Targeting 6.3 TCF to 16.4 TCP
Apologies that i may be going over old ground but I've recently bought in in the early 9's and cant believe the potential here, not to mention we have some very savvy partners/operators on board so doing lots of research
Fact: The company has outlined a broad synopsis of how gas production may develop, but it will require a minimum of three wells heading into a pilot production programme, which is what we are looking forward to in 2014
The results of the Bigham-1 well (STX 27.5%) were sufficiently encouraging for Strike to propose follow-up drilling, which is planned for (late) 2Q’13-anyone know where this ones at, or are we still waiting results ???
The transformational potential is in the unconventional gas play with a net un-risked opportunity of 5.8Tcf with an upside net value of up to 70cps.
Also Previous article below that AC87 posted link for
SOUTH Australia's Cooper Basin is shaping up as a hotbed of merger and acquisition activity this year, with bankers tipping a frenzy of consolidation as international interest in the region's shale potential takes off.
Adelaide-based Beach Energy is being touted as a likely key player in the reshaping of the Cooper Basin ownership structure, with a number of investment bankers tipping Beach to be both a potential acquirer and a takeover target in the year ahead
Interesting that Beach energy have a working interest/ operators for P94 Beach/Strike/Senex
95 Strike/Beach
96 Strike/Energy World Corp so in good company
Definitely a growth stock with plenty of blue sky ahead
Cheers BT
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