SCHUMACHER
13-01-2014, 11:12 AM
Recent announcement on 8th January and hotting up - Valuation mid 2013 -30c share
'Strike Energy Limited (ASX:STX) (“Strike”) is pleased to advise that the Southern Cooper Basin Gas Project appraisal drilling program has been successfully completed. The results obtained from the Le Chiffre 1 and Klebb 1 wells have materially de-risked key parameters underpinning project resource and cost estimates ahead of the next stage of the project’s commercialisation.
KLEBB 1
The Klebb 1 well was drilled to a total depth of 2,193m and cased using premium casing to allow for future fracture stimulation and flow testing.
Wireline logs have shown over 145m of net coal was encountered in the well.
In particular, 89m of coal was observed in the Patchawarra Formation, including one continuous 34m thick seam and two other seams each over 15m thick.
Notable increases in gas readings were recorded while drilling through coals encountered in the well. The increase in gas readings with depth was consistent to that observed in the Le Chiffre 1 well.'
I believe it is a company maker - now we just have to wait - I HAVE BEEN BUYING AS MUCH AS i CAN AFFORD UNDER 10c
I would say the current value would be in the vicinity of 15c - they mentioned commercialization and the recent results exceeded expectations so now we shall have to wait and see what the market now values it - going to be a great year for STX
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
'Strike Energy Limited (ASX:STX) (“Strike”) is pleased to advise that the Southern Cooper Basin Gas Project appraisal drilling program has been successfully completed. The results obtained from the Le Chiffre 1 and Klebb 1 wells have materially de-risked key parameters underpinning project resource and cost estimates ahead of the next stage of the project’s commercialisation.
KLEBB 1
The Klebb 1 well was drilled to a total depth of 2,193m and cased using premium casing to allow for future fracture stimulation and flow testing.
Wireline logs have shown over 145m of net coal was encountered in the well.
In particular, 89m of coal was observed in the Patchawarra Formation, including one continuous 34m thick seam and two other seams each over 15m thick.
Notable increases in gas readings were recorded while drilling through coals encountered in the well. The increase in gas readings with depth was consistent to that observed in the Le Chiffre 1 well.'
I believe it is a company maker - now we just have to wait - I HAVE BEEN BUYING AS MUCH AS i CAN AFFORD UNDER 10c
I would say the current value would be in the vicinity of 15c - they mentioned commercialization and the recent results exceeded expectations so now we shall have to wait and see what the market now values it - going to be a great year for STX
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