Strike Energy (ASX: STX) and Cottesloe Oil & Gas drill their own well in WA-460-P, a success by Shell would go a long way towards de-risking its own exploration, whether on their mapped portion of Palta or other prospects in the permit.
Drilling cost is estimated at between $60 million and $80 million, indicating that Shell has high expectations for the well.
Strike Energy (ASX: STX) and Cottesloe Oil & Gas drill their own...
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