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Strike Energy Limited (ASX:STX)

ALERT: Price-sensitive ASX Announcement for STX
Current share price for STX : $0.097 -0.008 (-7.62%)+
Announcement
Release
16 Jun 2026 8:30AM
Price at Release
$0.105
Full Release
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Summary
Strike Energy Limited announced the successful completion of the flow testing operations at their Walyering West-1 exploration well. The test demonstrated a stabilized flow rate of 11 MMscf/d from the C1 sand, revealing a low-impurity gas accumulation with low CO2 levels and a higher condensate ratio compared to existing Walyering production. The test results indicate potential development opportunities through existing infrastructure, pending further analysis. The well's proximity to the Walyering Gas Facility enhances its commercial viability. Future evaluations may involve retesting of other sands to optimize gas supply.
Key Points
  • Walyering West-1 flowed at 11 MMscf/d through a 36/64 choke.
  • Gas accumulation with low impurity and low CO2 levels.
  • Higher gas condensate ratio than existing production.
  • Potential development opportunity through existing infrastructure.
  • Evaluation and retesting plans for additional sands.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.