• The Erregulla Deep-1 exploration well has observed positive indications on mud
logs and logging while drilling tools of porous gas charged sands in both:
o a sand body within the Irwin River Coal Measures; and
o the primary target within the Kingia Sandstone.
• Erregulla Deep-1 currently at 5,208m MD (measured depth) and drilling towards
final target depth before running additional logging and sampling.
Strike Energy Limited (Strike - ASX: STX) provides an operational update on the drilling activities
within EP469 as the operator of the EP469 Joint Venture, which contains the West Erregulla gas
field.
Strike has reached 5,208m Measured Depth (MD) at the Erregulla Deep-1 (ED-1) exploration
well. Positive observations of sustained drilling breaks, with associated mud gas responses
above background level, were made whilst drilling through a sand body within the Irwin River
Coal Measures and then again within the primary target of the Kingia Sandstone. Logging while
drilling tools have measured gamma-ray, resistivity, density and neutron which indicate gas
charged porous sands in both formations.
These observations are preliminary in nature and Strike will continue drilling to final depth before
running a series of wireline logs. Strike will provide an update on the results of the ED-1 well at
the conclusion of the wireline logging campaign.
About the Erregulla Deep-1 Exploration Campaign
The Erregulla Deep-1 well is
being drilled into an
interpreted structural closure
adjacent and due East of the
existing Reserves at the West
Erregulla gas field and on
trend with the Lockyer and
North Erregulla gas
discoveries.
The ED-1 well is located at
Lat: 29° 22' 19.91" S, Long:
115° 24' 17.66" E.
The EP469 JV is made up of:
• Strike Energy: 50% &
Operator
• Warrego Energy 469 Pty
Ltd: 50%
This announcement is authorised for release by the Managing Director and Chief Executive
Officer in accordance with the Company’s Continuous Disclosure Policy.