Strike Oil vor dem möglichen Durchbruch

http://www.asx.com.au/asx/statistics/...pe=D&releasedDuringCode=W

Eine Bestätigung der Ziele und der Unterbewertung des Unternehmens.

Permanent

Offensichtlich hat die Well noch kein Production-Casing bekommen - hierzu muss man sich erinnern, dass die Kosten für "Completion" and Testing etwa auf A$2-3 Mio. belaufen. Man wartet nun auf Ergebnisse weitere Wells, bevor man die Well-Completion beginnt. Ich lese aus der News, dass man wohl bei zukünftigen Developement wells Zonen unterschiedlicher Reservoir-Qualitäten erwartet, so dass man dann auch Zonen schlechterer Reservoirqualität ohne volles finazielle Risiko (mit-) testen kann. Eine wichtige Frage hierbei scheint zu sein, welche Zone es wert ist bei HGU1-1 zu fokussieren.

Schade ist halt, dass man nun wohl noch einige Monate auf ein klares Ergebnis bei HGU1-1 warten muss, was leider wenig hilfreich für die erste Bestimmung der möglichen Feldgröße ist.

Anbei, was ich hierzu auf Hotcopper verffentlicht haben (... übrigens beschwert man sich derzeit auch in Australien, dass wir (CBB und ich) zuwenig schreiben ):


"[...] What I like is: “Interpreted gas pay in Wilcox” – if you decode their language, they used such a term in the past only if the really expect that the well will be a commercial producer. Therefore, I don’t expect that HGU1-1 will be a complete duster.

But obviously they have some uncertainties – It seems that the well is not cased for production test (but a retainer plug has been set). One keeps in mind that the costs for completion and testing a Middle Wilcox well are around $2-3 mln.

They avoid this investment until they gain more certainty about the chance of success for this obviously tighter reservoir zones. Perhaps they expect that they will have some development wells in the future with mixed reservoir qualities where they can test the commercial potential of the zones of poorer quality without a full financial risk. It seems also that a question is not only “if” a zone could be commercial but which one is it worth to focalize.

Unfortunately this also means we won’t have a clear result from HGU1-1 for months ... which is not a big help for assessing the potential field size … that’s a pity

Next week we will have an investors update from Simon Ashton at the Good Oil Conference, lets wait if we get some more comments about the status quo of the Gulf Coast program."



Am Mittwoch präsentiert Simon Ashton auf der "Good Oil Conference" - die Präsentation wird bei der ASX als News veröffentlicht - wir werden also nächste Woche ein Investors Update haben. Hier erwarte ich aktuelle Erläuterungen zum Gulf Coast Programm und darüberhinaus etwas zu Carnarvon-Basin und HybridEnergy - mal abwarten.

Zudem stehen wir kurz vor der Veröffentlichung der GF2 Flowrates -vielleicht gibt es ja nächste Woche den grossen PR-Hammer mit der Präsi: erste Zertifizierung der Feldgröße und Flowrates von GF2 (die ja wohl sehr gut ausfallen werden) ...

Joint-Venture

Conoco Phillips steigt für Milliarden in Australien ein

von Dirk-Hinrich Heilmann

Das Interesse internationaler Konzerne an den gewaltigen Kohlenflözgas-Reserven Australiens wächst. Der drittgrößte US-Ölkonzern Conoco Phillips will acht Mrd. Dollar in ein Joint-Venture mit dem australischen Gasversorger Origin Energy investieren – eine Investition, die dem britischen Konkurrenten BG Group das Leben erschwert.

http://www.handelsblatt.com/unternehmen/industrie/...lien-ein;2034872

 

ASX

 Announcement        ASX  Code:  STX 10  September  2008   Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths    • Producer/Explorer   with  strong  cash  flow    • Track  record  of   discoveries     • Geographically  diverse   portfolio     • Highly  experienced   team     • Strong  experienced   partners    • Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au    

 

1. •

 

Duncan  4:  Well  spudded   Gilbert  Freeman  3:  Flow  testing  and  sales  commenced  Production:   Expected  levels   maintained  

RAYBURN

 PROJECT  –  WHARTON  COUNTY  

(Strike  Oil  22.8%  Working  Interest;  Operator  Cypress  E&P  Corporation)  

 

DRILLING

 

 UPDATE  

Duncan

 4  

The  Duncan  4  well  was  spudded  on  2  September  2008  (Texas  time).   This  morning  (Tuesday,  Texas  time)  the  well  was  drilling  ahead  at  7,580  feet  (2,310  metres).   The  13  3/8  inch  casing  was  previously  set  at  2,680  feet  (817  metres).  

Proposed  total  depth  of  the  well  is  12,200  feet  (3,719  metres).   

The  well,  which  is  targeting  Wilcox  objectives,  is  located  approximately  6,677  feet  (2,035  metres)  southwest  of  the  initial  discovery  well,  Duncan  1.   

WELL

 TESTING  

 

Gilbert

 Freeman  3   

Flow  testing  of  the  Gilbert  Freeman  3  well  which  recorded  elevated  gas  readings  over  several  intervals  within  the  Wilcox  Formaton  has  commenced.  Test  gas  and  oil  condensate  is  being  produced  to  sales.   Oil  Limited   ABN  59  078  012  745  

PRODUCTION

 

 

Production  from  the  Mesquite  field  and  all  the  Rayburn  producing  wells  is  being  maintained  at  approximately  46.5  million  cubic  eet  of  gas  per  day  and  1,175  barrels  of  oil‐condensate  per  day.  Strike  Oil’s  share  is  10.7  million  cubic  feet  of  gas  and  270  barrels  of  oil‐condensate  per  day.  

 

MANAGING

 DIRECTOR’S  COMMENT  

 

Strike  Oil's  Managing  Director,  Simon  Ashton,  commenting  on  the  latest  drilling  and  testing  results  stated  that:  

"Rapid

 operational  advancements  continue  to  be  made  at  Rayburn,  which  are  expected  to  result  in  increased  production."  

 

Yours  faithfully  

SIMON  ASHTON  

Managing  Director  

Further

 

 information:  Strike  Oil  Limited  

Simon  Ashton  ‐ Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strike  

 

 

 

•

 

 

•

 

 

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd  

via

 electronic  lodgement  

 

RAYBURN

 PROJECT  ‐ OPERATIONS  UPDATE  

Strike  Oil  is  pleased  to  report  on  the  progress  of  its  activities  at  the  Rayburn  Project  in  the  Gulf  Coast,  Texas.  

 

 

ASX

 Announcement        ASX  Code:  STX 16  September  2008   Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths    • Producer/Explorer   with  strong  cash  flow    • Track  record  of   discoveries     • Geographically  diverse   portfolio     • Highly  experienced   team     • Strong  experienced   partners    • Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au    

 

1. •

 

No  damage  to  facilities  or  harm  to  personnel  Duncan  4:  drilling  to  recommence  this  week  Gilbert  Freeman  3:  flow  testing  recommenced  Production:  returned  to  pre‐shut  in  rates  

RAYBURN

 PROJECT  –  WHARTON  COUNTY  

(Strike  Oil  22.8%  Working  Interest;  Operator  Cypress  E&P  Corporation)  

 

DRILLING

 

 UPDATE  

Duncan

 4  

The  drilling  of  the  Duncan  4  well  was  suspended  on  12  September  2008  (Texas  time)  in  preparation  to  ride  out  hurricane  Ike.  The  well  was  at  a  depth  of  7,810  feet  (2,380  metres).  Drilling  is  expected  to  recommence  during  the  week.  

Proposed  total  depth  of  the  well  is  12,200  feet  (3,719  metres).   

The  well,  which  is  targeting  Wilcox  objectives,  is  located  approximately  6,677  feet  (2,035  metres)  southwest  of  the  initial  discovery  well,  Duncan  1.   Oil  Limited   ABN  59  078  012  745  

WELL

 TESTING  

 

Gilbert

 Freeman  3   

Flow  testing  of  the  Gilbert  Freeman  3  well  was  suspended  prior  to  hurricane  Ike  reaching  Texas.  Testing  has  recommenced.  

PRODUCTION

 

 

Production  from  both  the  Mesquite  and  Rayburn  fields  was  shut  in  prior  to  hurricane  Ike  reaching  Texas.  The  operator  has  reported  that  there  appears  to  be  no  damage  to  facilities  at  either  field.  Production  has  recommenced  and  has  returned  to  pre‐shut  in  rates.   

 

MANAGING

 DIRECTOR’S  COMMENT  

 

Strike  Oil's  Managing  Director,  Simon  Ashton,  commenting  on  the  impact  of  hurricane  Ike  said;  

"Fortunately

 

 the  centre  of  the  hurricane  passed  to  the  east  of  our  operations  and  as  a  result  we  suffered  no  significant  damage.  The  operator  was  able  to  get  production  back  on  line  very  quickly  and  we  expect  to  be  back  to  drilling  during  the  week.  

We

 commend  Cypress  on  taking  all  the  necessary  precautions  to  minimise  any  potential  damage  to  the  facilities  and  harm  to  its  pople."  

Yours  faithfully  

SIMON  ASHTON  

Managing  Director  

Further

 

 information:  Strike  Oil  Limited  

Simon  Ashton  ‐ Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strike  

 

 

•

 

 

•

 

 

•

 

 

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd  

via

 electronic  lodgement  

 

 

 

GULF

 COAST  ‐ OPERATIONS  UPDATE  

Strike  Oil  is  pleased  to  report  that  there  has  been  no  damage  to  its  facilities  onshore  Gulf  Coast,  Texas  as  a  result  of  hurricane  Ike.  All  operations  were  suspended  late  last  week  as  a  precautionary  measure.  

 

 

ASX

 Announcement        ASX  Code:  STX 24  September  2008    Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths    • Producer/Explorer   with  strong  cash  flow    • Track  record  of   discoveries     • Geographically  diverse   portfolio     • Highly  experienced   team     • Strong  experienced   partners    • Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au    

 

1. •

 

Drilling:  Duncan  4  drilling  ahead  at  9,815  ft  (  2,992  m)  Testing:  Gilbert  Freeman  3  flow  testing  continuing  Production:  continues  at  expected  levels  

RAYBURN

 PROJECT  –  WHARTON  COUNTY  

(Strike  Oil  22.8%  Working  Interest;  Operator  Cypress  E&P  Corporation)  

 

DRILLING

 

 UPDATE  

Duncan

 4  

The  drilling  of  the  Duncan  4  well  recommenced  on  17  September  2008.   At  the  time  of  reporting  (Tuesday  23  September,  Texas  time)  the  well  was  drilling  ahead  at  a  depth  of  9,815  feet  (2,992  metres).   

Proposed  total  depth  of  the  well  is  12,200  feet  (3,719  metres).   

The  well,  which  is  targeting  Wilcox  objectives,  is  located  approximately  6,677  feet  (2,035  metres)  southwest  of  the  initial  discovery  well,  Duncan  1.   Oil  Limited   ABN  59  078  012  745  

WELL

 TESTING  

 

Gilbert

 Freeman  3   

Flow  testing  of  the  Gilbert  Freeman  3  is  continuing  as  planned.  

PRODUCTION

 

 

Production  from  all  the  Mesquite  and  Rayburn  producing  wells  continues  at  expected  levels.  

Yours  faithfully  

SIMON  ASHTON  

Managing  Director  

Further

 

 information:  Strike  Oil  Limited  

Simon  Ashton  ‐ Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strike  

 

 

•

 

 

•

 

 

 

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd  

via

 electronic  lodgement  

 

 

 

GULF

 COAST  ‐ OPERATIONS  UPDATE  

Strike  Oil  is  pleased  to  report  that  all  its  operations  in  Gulf  Coast,  Texas  have  returned  to  normal  after  hurricane  Ike.   

 

 

ASX

 Announcement        ASX  Code:  STX 9  October  2008 Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths    • Producer/Explorer   with  strong  cash  flow    • Track  record  of   discoveries     • Geographically  diverse   portfolio     • Highly  experienced   team     • Strong  experienced   partners    • Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au    

 

-

 

Duncan  Ansley  Gas  Unit  1‐1   spudded  

 

-

 

Continuous  12  month  drilling  programme   scheduled  

 

-

 

2‐3  exploration  wells  scheduled  from  November  

 

•     Testing:   

 

-

 

Gilbert  Freeman  3  testing  of  further  zones    

 

•     Production  and  Revenue:   

 

-

 

10  MMcfd  gas  and  280  bbl  oil‐condensate  maintained  

 

-

 

Monthly  revenue  continues  to  exceed  $4  million   

 

-

 

Reserves  report  due  soon  

 

DRILLING

 UPDATE   

Duncan

 Ansley  Gas  Unit  1‐1  

 

The  tenth  well  in  the  Rayburn  project,  Duncan  Ansley  Gas  Unit  1‐1,  spudded  on  7  October  (Texas  time).    On  8  October  (Texas  time)  the  well  was  at  a  depth  of  2,465  feet  (751  metres).  

The  well,  which  is  targeting  Wilcox  objectives,  is  located  5,146  feet  (1,568  metres)  east‐northeast  of  the  initial  discovery  well,  Duncan  1  (refer  to  attached  map  for  location  of  all  wells  drilled  to  date).  

Proposed  total  depth  of  the  well  is  12,200  feet  (3,719  metres).  The  well  is  expected  to  take  30  to  35  days  from  spud  to  reach  total  depth.   

Strike  Oil  has  a  22.8%  Working  Interest  in  the  Rayburn  project.  Oil  Limited   ABN  59  078  012  745  

Forward

 Drilling  Programme  

The  current  plan  is  to  maintain  a  continuous  drilling  programme  over  the  next  12  months.  

After  the  drilling  of  the  current  Duncan  Ansley  Gas  Unit  1‐1  well  in  the  Rayburn  project  the  rig  is  scheduled  to  drill  two  to  three  exploration  wells  over  the  next  few  months  before  retuning  to  drill  further  appraisal/development  wells  on  the  Rayburn  field.  

The  first  exploration  well  is  likely  to  be  on  the  Tumbleweed  prospect,  adjacent  to  Strike’s  Mesquite  project  in  Jackson  County.  The  prospective  resource  for  this  prospect  is  40  Bcf  (billion  cubic  feet).   

Strike  Oil  has  a  30%  Working  Interest  in  the  prospect.  

The  second  exploration  well  is  planned  be  on  the  50  Bcf  Flint  prospect  in  Fort  Bend  County.   

Strike  Oil  has  a  35%  Working  Interest  in  the  prospect.  

More  information  will  be  released  at  the  time  of  spudding  the  respective  wells.  

WELL

 

 TESTING  

Gilbert

 Freeman  3  

Multiple  zones  in  the  well  are  planned  to  be  tested.  Flow  testing  of  the  first  zone  is  continuing  as  planned  with  test  gas  and  oil‐condensate  being  produced  to  sales.  

Further  zones  will  be  tested  over  the  coming  weeks  with  flow  rates  likely  to  be  reported  in  the  next  30  to  60  days.  

PRODUCTION

 AND  REVENUE  

Net  production  to  Strike  Oil  from  all  Mesquite  and  Rayburn  wells  is  according  to  forecast  at  around  10mmcfd  of  gas  and  280  bbl  f  oil‐condensate  per  day.  

Revenue  from  gas  and  oil‐condensate  sales  continues  to  exceed  $4  million  per  month  despite  lower  commodity  prices.  

A  reserves  and  resources  statement  for  the  Gulf  Coast  projects  is  due  for  completion  in  the  next  1‐2  weeks.  Oil  Limited   ABN  59  078  012  745  

MANAGING

 DIRECTOR’S  COMMENT  

Strike  Oil's  Managing  Director,  Simon  Ashton,  commenting  on  the  plans  for  the  rest  of  2008  and  for  2009  stated  that:  

"The  active  drilling  programme  in  the  Gulf  Coast  continues  and  further  exploration  drilling  is  due  to  start  next  month.  This  will  provide  time  for  further  interpretation  of  the  results  from  the  first  ten  wells  on  Rayburn  prior  to  designing  the  fuure  appraisal  and  development  programme  which  may  include  drilling  some  additional  potential  pay  zones  within  the  Wilcox  Formaton  

In

 

 the  meantime  our  production  continues  to  perform  to  expectation  and  should  increase  with  the  testing  of  the  new  zones  in  theGilbert  Freeman  3  well.  

Despite

 the  recent  decline  in  commodity  prices  the  company’s  revenue  continues  to  meet  its  monthly  forecast".   

 

Yours  faithfully  

SIMON  ASHTON  

Managing  Director  

Further

 

 information:  Strike  Oil  Limited  

Simon  Ashton  ‐ Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au

 

HlavinkaGU1-1(Suspended)HlavinkaDuncan 1R(Non Wilcox Producer)1000mGilbert Freeman 1(Producer)Gilbert Freeman 2(Producer)Duncan-1(Producer)Duncan AnsleyGU1-1(New Well Location)Duncan 3 (Producer)Duncan 2ST1 (Producer)Duncan 4 (Suspended, WxP&A’d)Gilbert Freeman 3(Producer)

Rayburn Project Rayburn Project Wilcox Producers unless otherwise indicated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

Strike  

 

Strike  

 

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd  

via

 electronic  lodgement  

 

GULF

 COAST  ‐ OPERATIONS  UPDATE  

 

Strike  Oil  is  pleased  to  report  on  the  steady  progress  of  its  activities  in  the  Gulf  Coast,  Texas.  

 

 

•     Drilling:   

 

Natural Gas May Get a Boost from ObamaBARACK OBAMA, ENERGY, ALTERNATIVE ENERGY, OIL COMPANIES, OIL, NATURAL GAS, COAL, POLICY, OIL PRICE,Reuters| 05 Nov 2008 | 11:57 AM ET

The election of Democratic Sen. Barack Obama to the U.S. presidency should be a boon to natural gas producers, but the forecast is turning dark for oil and coal industries already coping with falling prices.

The potential regulation of carbon dioxide emissions and the threat of a "windfall profits" tax on oil majors such as Exxon Mobil , Chevron and ConocoPhillips have been two major themes of the Obama campaign.

 

Both moves could erode the massive profits those companies have posted on the back of high crude oil prices, industry experts said.

High oil prices usually benefit companies such as Exxon, which last week set a U.S. record by posting quarterly operating profit of $13.4 billion, but Obama's proposals have prompted some analysts to warn investors away from the sector.

"We believe that some of the Obama policies, such as a windfall tax on energy and full CO2 auctions, may lead to a negative result for the industry if (he is) elected," analysts at Sanford Bernstein said in a pre-election note to investors.

Obama, who became the president-elect in Tuesday's vote, campaigned on a platform of increasing fuel efficiency in the U.S. auto fleet and reducing crude oil imports that make up about three-quarters of the nation's supply.

The Illinois senator, like his vanquished Republican rival Sen. John McCain, supports a trading system that would set prices for companies to emit carbon dioxide.

That policy would hurt Massey Energy , Peabody Energy , Arch Coal and other producers of coal, long one of the cheapest forms of energy in the United States and the source of half the nation's electricity.

That could be an opening for the natural gas industry to boost its 20 percent share in the nation's power generation portfolio and even move into the automobile markets.

 

As a result, natural gas producers like Chesapeake Energy had viewed an Obama presidency with optimism.

"This administration will be very favorably inclined to try to do something about introducing natural gas into the transportation network in a more aggressive way than what has happened in the past four to eight years," Chesapeake Chief Executive Aubrey McClendon told analysts last week.

While the major oil companies also produce substantial amounts of natural gas, others, such as Devon Energy , Apache and Canada's EnCana , are more focused on the fuel.

Although substantial hurdles stand in the way of boosting the role of natural gas as an automobile fuel, its emissions are half those of crude oil and coal.

Obama has endorsed cleaner coal technology that would remove pollutants such as carbon dioxide and allow them to be stored, but that technology has not been tested on a commercial scale, and widespread deployment remains years away.

Congress earlier this year canceled a planned test power station because of soaring costs to build it.

LOWER OIL PRICES, NEW ATTITUDE?

Obama, like many other Democrats, initially opposed opening new areas for drilling, but softened his stance to support some moves in that direction as crude oil raced to a record above $147 a barrel and retail gasoline to more than $4 per gallon.

But a sharp pullback that has sliced more than 50 percent from the price of oil since July could move the new president away from that pledge.

"Prices were high, and you had to appear like you had some sort of a plan," said Michael Cuggino, chief executive of Pacific Heights Asset Management in San Francisco, who manages about $3.8 billion. "I don't believe they ever really expected to enact it."

 

Obama's plan to provide families with a $1,000 tax rebate and pay for incentives for renewable energy sources with a windfall tax on oil company profits could support oil prices if companies are forced to reduce spending to develop new fields, analysts said.

"I think in general an Obama victory and a Democratic legislature will probably be somewhat bullish for energy prices because of some of their apparent effort to favor alternative energy sources," said analyst James Halloran of National City Private Client Group.

Because of the possible increase in taxes, oil companies' stock performance may not capture all of that potential bullishness, he added.

Still, if oil prices stay at current levels of nearly $70 a barrel, producers of the fuel may be better able to steer clear of the negative publicity of recent months and present their case to the new administration and Congress.

"If the economy is healthy and oil prices are low, there's going to be less ill will," said Ken Medlock, a fellow at the Baker Institute at Rice University in Houston. "And they will be free to lobby for more."

 

 

ASX

 Announcement        ASX  Code:  STX 25  November  2008    Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths     Producer/Explorer   with  strong  cash  flow     Track  record  of   discoveries      Geographically  diverse   portfolio      Highly  experienced   team      Strong  experienced   partners     Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au    

1. 

Duncan

‐

‐

‐

 

 Ansley  Gas  Unit  1‐1   Drilled  to  planned  total  depth   Wireline  logs  indicate  no  commercial  pay  in  the  Wilcox  Formation  Shallower  secondary  objective  indicates  pay  and  is  planned  to  be  flow  tested  

Future

‐

‐ 

           



 Drilling  Three  Rayburn  shallow  wells  scheduled  for  drilling  in  November  and  December   Tumbleweed  Prospect  (Mesquite)  in  December          

Daily

 Production  from  Mesquite  and  Duncan  wells  continues  at  substantial  rates  

DRILLING

 

 UPDATE   

Duncan

 Ansley  Gas  Unit  1‐1  (Rayburn  project)  

The  appraisal  well  which  is  located  5,146  feet  (1,568  metres)  east‐northeast  of  the  initial  discovery  well,  Duncan  1,  has  reached  its  proposed  total  depth  of  12,200  feet  (3,719  metres)  and  wireline  logs  have  been  run.   

Interpretation  of  the  logs  indicates  there  are  no  commercial  pay  zones  in  the  primary  objective  Wilcox  Formation  and  a  cement  pug  will  be  set  in  the  lower  portion  of  the  hole.  

A  zone  in  a  shallower  secondary  objective  section  which  is  interpreted  to  be  gas  bearing  based  on  gas  shows  while  drilling  and  ubsequent  wireline  log  interpretation,  will  be  completed  for  flow  testing  after  the  rig  has  moved  off  location.  Oil  Limited   ABN  59  078  012  745  

On  24  November  2008  (Texas  time)  preparations  were  being  made  to  suspend  the  well.  

FORWARD

 

 DRILLING  PROGRAMME  

A  three  well  shallow  development  drilling  programme  and  the  recompletion  of  two  wells  at  Rayburn  is  planned  to  commence  this  moth.  

The  wells  are  planned  to  evaluate  the  shallow  pay  zones  intersected  in  previous  Rayburn  wells  whilst  drilling  to  the  deeper  Wilox  Formation.  These  prospective  resources  have  not  been  included  in  the  announced  reserves.  

Strike  Oil  has  a  22.8%  Working  Interest  in  the  Rayburn  project.  

In  December  2008  the  40  Bcf  Tumbleweed  Prospect  located  adjacent  to  the  Mesquite  Field  is  scheduled  for  drilling  after  planned  outine  rig  maintenance.  

Strike  Oil  has  a  30  %  Working  Interest  in  the  Tumbleweed  prospect.  

 

PRODUCTION

 

 

Daily  production  of  gas  and  oil‐condensate  continue  at  impressive  rates  of  46  mmcf  gas  and  1,160  barrels  oil‐condensate  (10.6  mmcf  and  270  barrels  net  to  Strike  Oil)  underpinning  the  company’s  strong  cash  flows.  

 

MANAGING

 

 

 DIRECTOR’S  COMMENT  

Strike  Oil's  Managing  Director,  Simon  Ashton,  commenting  on  the  results  of  Duncan  Ansley  Gas  Unit  1‐1  well  stated  that:  

"The

 

 results  from  the  Duncan  Ansley  Gas  Unit  1‐1  well  are  disappointing  and  may  affect  the  proved  reserves  position  by  around  10  percent,  although  this  does  not  take  into  account  the  reserves  which  may  be  proved  by  further  offset  drilling  or  in  the  shallow  pay  zons  which  are  planned  to  be  flow  tested  in  this  well  and  in  the  shallow  drilling  programme.  

 

 

Strike  

Oil  Limited   ABN  59  078  012  745  

 

 

The

 

 ongoing  drilling  programme  in  the  Gulf  Coast  will  continue  as  planned  with  three  shallow  development  wells  at  Rayburn  schedled  for  November  and  December.  The  40  Bcf  Tumbleweed  prospect  near  Mesquite  is  expected  to  spud  sometime  in  December.  

The

 current  steady  production  of  both  gas  and  oil‐condensate  is  being  maintained,  providing  in  excess  of  four  million  dollars  per  month  revenue".  

 

Yours  faithfully  

SIMON  ASHTON  

Managing  Director  

Further

 

 information:  Strike  Oil  Limited  

Simon  Ashton  ‐Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au  

 

 

Ich bin immer noch dabei auch wenn der Aktienkurs keine Freude bereitet. Der Jahresbericht und alle weiteren Informationen können auf der HP von Strike Oil abgerufen werden.

Gruß

Permanent 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strike  

 

 

 



 

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd  

via

 electronic  lodgement  

 

 

GULF

 COAST  ‐OPERATIONS  UPDATE  

Strike  Oil  reports  on  the  progress  of  its  activities  in  the  Gulf  Coast,  Texas.   

 

 

 

ASX

 Announcement        ASX  Code:  STX 3 December  2008 Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths     Producer/Explorer   with  strong  cash  flow     Track  record  of   discoveries      Geographically  diverse   portfolio      Highly  experienced   team      Strong  experienced   partners     Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au    

1. 

Well  Testing  and  Production  

-

Gilbert  3  testing  continues  

-

Mesquite  and  Rayburn  production  maintained  at  5,760  boe  

-

1,330  boe  net  to  Strike  Oil  

Drilling  

-

Gilbert  Freeman  4  total  depth,  4,825  ft  (1,464  m)  with  no  commercial  hydrocarbon  zones  

-

40  Bcf  Tumbleweed  prospect  scheduled  for  drilling  in  late  December  

WELL

 TESTING  AND  PRODUCTION  

Testing  continues  at  the  Gilbert  Freeman  3  well.  A  final  combined  test  rate  from  the  multiple  zones  in  this  well  is  expected  to  be  available  in  January  2009.  

Daily  production  of  gas  and  oil‐condensate  from  Rayburn  and  Mesquite  is  being  maintained  at  around  46  mmcf  gas  and  1,160  barrels  of  condensate,  or  5,760  barrels  of  oil  (value)  equivalent  (boe);   1,330  boe  net  to  Strike  Oil.  

DRILLING

 UPDATE  

The  Gilbert  Freeman  4  well  was  spudded  on  25  November  and  has  drilled  to  its  total  depth  of  4,825  feet  (1,464  metres).  The  well  is  located  adjacent  to  the  Gilbert  Freeman  2  well  (a  Wilcox  producer)  which  was  interpreted  to  have  intersected  a  shallow  gas  bearing  sand.   Oil  Limited   ABN  59  078  012  745  

Wireline  logs  indicate  the  objective  shallow  sand  in  Gilbert  Freeman  4  is  not  as  well  developed  as  that  encountered  in  the  neary  Gilbert  Freeman  2  well  and  is  unlikely  to  flow  at  commercial  rates.  The  well  has  been  plugged  and  abandoned.  

Strike  oil  has  a  22.8%  Working  Interest  in  the  Rayburn  project.   

FORWARD

 PROGRAMME  

The  timing  of  further  shallow  wells  and  the  recompletion  of  two  wells  at  Rayburn  will  depend  on  equipment  availability.  Successful  shallow  wells  can  deliver  high  value  incremental  gas  to  the  existing  facilities  and  at  a  cost  between  US$80,000  ‐$200,000  (net  to  Strike  Oil)  the  zones  represent  worthwhile  economic  targets.   

The  40  Bcf  Tumbleweed  Prospect  located  adjacent  to  the  Mesquite  Field  is  scheduled  for  drilling  in  late  December  after  planned  outine  rig  maintenance.  

Strike  Oil  has  a  30%  Working  Interest  in  the  Tumbleweed  prospect.  

Yours  faithfully  

SIMON  ASHTON  

Managing  Director  

Further

 

 information:  Strike  Oil  Limited  

Simon  Ashton  ‐Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strike  

 

 

 

1. 

 

 

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd  

via

 electronic  lodgement  

 

 

GULF

 COAST  –  OPERATIONS  UPDATE

 

Strike  Oil  reports  on  the  progress  of  its  activities  in  the  Gulf  Coast,  Texas.  

 

 

 

 

Es war kein erfolgreiches Jahr für das Investment in Strike Oil. Ich bleibe investiert und wünsche allen -wenn noch einige dabei sind- ein schönes Weihnachtsfest und ein erfolgreiches Jahr 2009.

 

Gruß

Permanent

ASX

 Announcement        ASX  Code:  STX 23  December  2008    Strike  Oil  Limited   ABN  59  078  012  745   Our  Strengths     Producer/Explorer   with  strong  cash  flow     Track  record  of   discoveries      Geographically  diverse   portfolio      Highly  experienced   team      Strong  experienced   partners     Innovative  approach   to  E&P                    Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth  WA  6000   Tel:  08  6464  0400   www.strikeoil.com.au     

• -

40  Bcf  Tumbleweed  prospect  well  ‐Hart  Estate  Gas  Unit  1‐1  spudded    Testing  Wilcox  Fm  ‐Gilbert  Freeman  3  successful  testing  finalised,  shallowest  zone  flowed  1.5  mmcfd,  80  bcpd,  two  deeper  zones  to  be  added  in  near  future  Shallow  gas  zone  ‐Duncan  Ansley  GU  1‐1  preparing  to  test   

Production

 

• -

Mesquite  and  Rayburn  production  maintained  at  5,660  boe  

1,300  boe  net  to  Strike  Oil   Program  Reviewed  

Some  previously  planned  Gulf  Coast  exploration  and  development  activities  have  been  deferred   UPDATE   Prospect  ‐Hart  Estate  Gas  Unit  1‐1  

The  Hart  Estate  Gas  Unit  1‐1  well  on  the  Tumbleweed  prospect  in  Jackson  County,  Texas  was  spudded  on  19  Dec  2008  (Texas  time).  The  well  is  currently  at  a  depth  of  1,350  feet  (411  metres)  where  the  13  3/8  inch  surface  casing  has  been  set  as  planned.  

The  well  is  designed  to  test  a  prospective  resource  of  40  Bcf  in  the  Middle  Wilcox  Formation,  the  producing  formation  in  the  adjacent  Mesquite  field.  

The  well  is  located  approximately  890  metres  west  of  the  Shefcik  3  well,  one  of  the  four  producing  wells  in  the  Mesquite  field.  The  presence  of  nearby  infrastructure  means  a  discovery  will  be  able  to  be  flow  tested  and  turned  to  sales  very  rapidly.  Oil  Limited   ABN  59  078  012  745  

The  planned  total  depth  of  the  well  is  12,200  feet  (3,719  metres).  The  well  is  scheduled  to  take  approximately  30  days  to  drill.  

Strike  Oil  has  a  30%  Working  Interest  in  the  Tumbleweed  prospect  and  a  26.25%  Working  Interest  in  the  Mesquite  Field.   TESTING   

Wilcox

 Formation  ‐Gilbert  Freeman  3  (Rayburn  Project)  

Testing  of  the  Gilbert  Freeman  3  well  continues.   A  total  of  three  zones  in  the  Upper  Wilcox  Formation  were  individually  tested.  The  following  information  for  the  shallowest  zone  only  has  been  reported  to  the  Texas  Railroad  Commission,  the  state  regulatory  body.  

Gas  Rate:                                   1.511  million  cubic  feet  per  day  

Oil‐Condensate  Rate:                   80  barrels  per  day  

Flowing  Tube  Pressure:          2,195  psia  

Choke  Size:                               13/64  inch  

Two  deeper  Upper  Wilcox  intervals  which  flow  tested  at  lower  rates  than  the  reported  test  above  have  also  been  individually  frature  treated  and  flow  tested.  Removal  of  the  plugs  between  the  intervals  to  combine  the  flow  from  all  three  intervals  is  planned  for  the  near  future  which  sould  see  sustained  field  production  increase.   The  combined  flow  rate  will  be  reported  shortly  to  the  Texas  Railroad  Commission.   Gas  ‐Duncan  Ansley  Gas  Unit  1‐1  (Rayburn  Project)  

 

 

 

 

 

 

 

 

 

 

Shallow

A  zone  in  a  secondary  objective  above  the  Wilcox  Formation  in  the  Duncan  Ansley  Gas  Unit  1‐1  well  which  is  interpreted  to  be  gas  bearing  based  on  gas  shows  while  drilling  and  subsequent  wireline  log  interpretation  is  nw  being  prepared  for  flow  testing.    

 

 

 

PRODUCTION

Daily  production  of  gas  and  oil‐condensate  from  Rayburn  and  Mesquite  is  approximately  45  mmcf  gas  and  1,160  barrels  of  condensate,  or  5,660  barrels  of  oil  (value)  equivalent  (boe);   approximately  1,300  boe  net  to  Strike  Oil.  This  substantial  rate  is  providing  monthly  revenues  to  Strike  Oil  approximately  AUD$3  million  per  month  based  upon  the  current  oil  and  gas  prices.  Oil  Limited   ABN  59  078  012  745    PROGRAM  REVIEW  

 

 

 

 

 

 

 

OPERATIONS

In  response  to  the  impact  of  lower  oil  and  gas  prices  and  uncertain  financial  market  conditions,  the  Gulf  Coast  joint  venture  has  reviewed  its  ongoing  exploration  and  development  program.  

This  review  has  resulted  in  the  deferral  or  reduction  of  some  high  cost  exploration  and  development  activities  with  a  short  paue  in  drilling  operations  now  planned  after  the  drilling  of  the  Tumbleweed  Prospect  ‐Hart  Estate  Gas  Unit  1‐1  well.  At  this  stage,  drilling  is  scheduled  to  recommence  in  April/May  2009.  

The  revised  drilling  program  will  reduce  Strike  Oil’s  planned  expenditures  over  the  next  six  months  helping  to  strengthen  the  cmpany’s  balance  sheet.  Further  information  on  the  revised  strategy  in  the  Gulf  Coast  and  in  Australia  will  be  released  once  the  revised  strategy  has  een  settled  which  is  expected  in  January.  

Managing  Director’s  Comment  

Strike  Oil’s  Managing  Director  Simon  Ashton  commented:   and  its  joint  venture  partners  have  moved  proactively  to  prudently  manage  operations  and  cashflow  during  this  period  of  ifficult  market  conditions.   addition  to  the  reduced  exploration  and  development  spend  in  the  US,  the  company  has  also  reduced  overheads  in  Australia.  These  actions  will  help  maintain  and  build  Strike  Oil’s  financial  strength  and  provide  a  solid  basis  for  growth  when  the  marke  conditions  improve".  

Yours  faithfully  

SIMON  ASHTON  

Managing  Director   information:  Strike  Oil  Limited  

Simon  Ashton  ‐Managing  Director  

T:   08  6464  0400  

E:   strike@strikeoil.com.au  

Shefcik 1

(Producer)

1000m

N

Shefcik 3

(Producer)

Webernick 1

(Producer)

Webernick 2

(Producer)

Hart Estate GU 1-1

(New Well Location)

Tumbleweed Prospect

Jackson County, Texas

 

 

 

 

 

 

 

 

 

890m

 

 

 

 

 

 

Further

 

 

 

 

 

 

 

 

 

 

 

 

"Strike

 

In

 

 

 

 

 

 

 

 

 

 

 

WELL

 

 

 

Strike  

 

 

Strike  

 

 

 

 

 

 

 

 

 

DRILLING

Tumbleweed

 

 

1. 

 

 

Operations

 

-

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The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd   electronic  lodgement  

GULF

 COAST  –  OPERATIONS  UPDATE

 

Strike  Oil  reports  on  the  progress  of  its  activities  in  the  Gulf  Coast,  Texas.  

 

 

 

 

 

 

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Es war kein erfolgreiches Jahr für das Investment in Strike Oil. Ich bleibe investiert und wünsche allen -wenn noch einige dabei sind- ein schönes Weihnachtsfest und ein erfolgreiches Jahr 2009.

 

Gruß

Permanent

ASX

 

Drilling

Die letzte Nachricht ist verdammt lange her.

....ein steigender Kurs mit rel. großem Volumen in Australien !
Da steckt doch was dahinter, oder liegt´s nur am steigenden Öl- und Gaspreis?
Was sagst Du dazu, permanent?

http://www.ariva.de/Strike_Oil_vom_Explorer_zum_Produzenten_t251156

 

 Announcement        ASX  Code:  STX 13  May  2009 Strike  Oil  Limited   ABN  59  078  012  745   OUR  STRENGTHS  Producer/explorer  with   strong  cash  flow     Portfolio  of  large  scale  new   energy  supply  options     Experienced  team      Track  record  of  discoveries      Building  on  success                     Strike  Oil  Limited   Level  9,  Wesfarmers  House   40  The  Esplanade   Perth,Western  Australia  6000    T:  (+61)  8  6103  0999   F:  (+61)  8  6103  0990   E:  strike@strikeoilcom.au   W:  www.strikeoil.com.au      ^{Oil  Limited   ABN  59  078  012  745}  

Simon  Ashton,  Strike  Oil  Limited’s  Managing  Director,  said:  

"We  are  delighted  at  the  granting  of  this  new  exploration  licence  in  what  is  undoubtedly  Australia’s  premier  onshore  conventiona  oil  and  gas  region  and  to  be  an  early  coal  seam  gas  player  in  the  area.   Strike  Oil  is  uniquely  positioned  to  capitalise  on  the  favourable  market  outlook  for  coal  seam  gas  companies  with  a  fast  trac  exploration  and  development  strategy  with  drilling  planned  to  commence  in  the  September  quarter.  

"We  were  particularly  attracted  to  the  location,  close  to  major  pipeline  infrastructure  and  the  encouraging  findings  of  previous  drilling  and  seismic  work  in  the  area,"  he  said.   

Stewart  Elliott,  Australian  Gasfields  Limited’s  Managing  Director,  said:   

"As  33.3%  joint  venture  partner  in  PEL  96  with  Strike  Oil  as  operator,  we  are  delighted  that  this  exploration  licence  has  been  granted.   We  are  fully  supportive  of  Strike  Oil  in  its  planning  to  secure  regulatory  approvals  and  enable  drilling  of  this  exciting  propect  to  commence  in  the  September  quarter".   Strike  Oil  Limited  

Strike  Oil  Limited  is  an  Australian  based  oil  and  gas  explorer  and  producer  with  operations  in  Australia  and  the  USA.  Strike  Oil’s  operations  are  focused  on  some  of  the  most  productive  oil  and  gas  basins  in  these  countries.  

The  company’s  previous  experience  with  CSG  includes  assembling  and  managing  interests  in  a  portfolio  of  CSG  permits  in  the  Bowe  and  Galilee  Basins  in  Queensland  and  the  Gunnedah  Basin  in  New  South  Wales  which  it  later  listed  on  the  ASX  as  Comet  Ridge  Limted.   Australian  Gasfields  Limited  

Australian  Gasfields  Limited  is  a  100%  owned  subsidiary  of  ASX  listed  Energy  World  Corporation  Limited  (ASX  :  EWC).  Energy  World  Corporation  Limited  is  a  leading  exponent  in  the  manufacture  and  development  of  Liquified  Natural  Gas  (LNG)  having  operated  an  LNG  plant  in  Alice  Springs  for  some  20  years.  Oil  Limited   ABN  59  078  012  745  

Energy  World  Corporation  Limited  is  presently  planning  a  2‐5MTPA  LNG  plant  on  its  Sengkang  Gasfield  in  South  Sulawesi  in  Indonesia,  and  has  also  announced  plans  to  develop  a  2‐5MTPA  LNG  plant  at  Abbot  Point  in  Queensland,  to  allow  export  of  LNG  from  its  Eromanga  and  Gilmore  gasfields  and  also  coal  seam  gas  from  the  North  Bowen  Basin  in  Queensland   

Yours  faithfully  

SIMON  ASHTON  

Managing  Director   information:  Strike  Oil  Limited  

Simon  Ashton  ‐ Managing  Director  

T:   08  6103  0999  

E:   strike@strikeoil.com.au   Oil  Ltd's  Southern  Cooper  Project,  located  to  the  south  of  the  Moomba  gas  production  facilities  with  the  Moomba  to  Adelaide  gas  pipeline  traversing  permit  PEL  96

 

 

 

 

 

 

 

Strike

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strike  

 

 

Further

 

 

 

 

 

 

About

 

 

 

 

 

 

 

 

 

 

 

 

About

 

 

 

The  Company  Announcement  Officer  

Australian  Stock  Exchange  Ltd   electronic  lodgement  

 

 

 

STRIKE

 OIL  SECURES  HIGHLY  PROSPECTIVE  COOPER  BASIN   

LICENCE

 FOR  COAL  SEAM  GAS  

 

 

Strike  Oil  Limited  (ASX  :  STX)  is  pleased  to  announce  it  has  been  granted  a  new  petroleum  exploration  licence,  PEL  96,  over  its  highly  prospective  Southern  Cooper  Project  area  in  South  Australia  where  it  will  be  targeting  coal  seam  gas  (CSG).  

Strike  Oil  will  hold  a  66.7%  working  interest  in  the  5  year  licence  which  covers  ground  of  more  than  4,050  km^{2  in  Australia’s  premier  onshore  conventional  il  and  gas  region.   The  permit  is  immediately  south  of  the  Moomba  gas  production  facilities  and  is  close  to  substantial  gas  infrastructure  servicng  South  Australia,  Queensland  and  New  South  Wales.}  

 

 

 

 

The  licence  is  also  the  first  granted  under  the  Yandruwandha/Yawarrawarrka  Native  Title  Petroleum  Conjunctive  Indigenous  Land  Use  Agreement.  

Previous  drilling  and  seismic  indicates  coal  is  present  over  an  area  of  more  than  1,800  km2.  Initial  assessment  work  based  upon  coal  seams  intersected  in  two  petroleum  exploration  wells  (Tinga  Tingana  1  and  Weena  1)  and  the  interpretation  of  seismic  modelling  estimate  8  to  20  trillion  (TCF)  cubic  feet  of  prospective  CSG  resources.   

Strike  Oil  and  its  joint  venture  partner,  Australian  Gasfields  Limited  (33.3  %  Working  Interest),  are  currently  planning  a  drilling  programme  for  the  prospect  with  the  intention  of  securing  regulatory  approvals  for  commencemnt  of  drilling  in  the  September  quarter.   The  program  will  be  designed  to  evaluate  the  gas  content  and  productivity  characteristics  of  the  coal  as  an  input  to  the  futue  reserve  and  resource  assessments  for  the  project.  

 

 

 

 

 

  

 

 

 

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