Triangle Energy Global Ltd is pleased to advise that on behalf of the EP 437 JV, comprising Triangle
50%, and subsidiaries of Strike Energy (ASX:STX) 25% and Echelon Resources (ASX:ECH) 25%, that
the well pad for the upcoming Becos-1 exploration well in the Perth Basin will be completed by end December.
The construction of the well pad is progressing well. Figure 1 shows the 13 3/8” conductor being installed at the rig
location. The JV expects the Silver City Drilling rig to be on site at the end of March 2025 after it has completed a
series of well workovers in the Perth Basin.
The Becos-1 well (Figure 2) will target a range in resources from a low case of 1 million barrels (MMbbl) to a high
case of 21 MMbbl with a best estimate of 5 MMbbl, with a chance of success (GPOS) of 20%.
The Becos-1 well prognosis (Figure 3) indicates that the primary targets, the Arranoo and Bookara sandstones will
be encountered between 700 and 800m measured depth (md). There is potential for the well to encounter a further
reservoir in the Kingia Formation if present at this location.
The preliminary time depth curve indicates that the total time for the rig to be on location is estimated to be 12 days,
of which the drill time is estimated to be 7 days (Figure 4).
Triangle Managing Director, Conrad Todd, said:
“Triangle is pleased to share progress on the Becos-1 well pad and looks forward to spudding the well at the end of
March 2025. Triangle considers Becos a compelling target both in terms of the potential resource and the chance of
success.”