Strike Energy released its 1QFY23 activity report

Strike Energy Limited (ASX: STX) released its 1QFY23 activity report:

• The company announced its fully financed gas acceleration plan, which aims to bring up to four new gas production sources online by the end of 2025, beginning with Walyering in Q2 2023.
• Walyering construction began in the third quarter, with well completions, renewable energy systems, foundations, and manufacturing all well underway. The next quarter is projected to see commissioning activities, followed by sales into the Parmelia Gas Pipeline.
• The company has started preparing for a 3-well drilling program in South Erregulla, featuring two up-dip Kingia appraisal wells and an easterly Wagina appraisal well. To convert up to 271 PJ net of 2C Contingent Resources into 2P Reserves, rig slots have been reserved for these wells, which are anticipated to start drilling on July 23.

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