JV partner Warrego Energy has advised that the Operator of EP469, Strike Energy, has released an initial 2C Contingent Resources estimate of 1,185BCF for the Kingia and High Cliff Sandstones and updated its Prospective Resource estimate for the Wagina Sandstones at West Erregulla. Warrego holds a 50% interest in EP469, located onshore Perth Basin, Western Australia.
Warrego Group CEO & Managing Director, Dennis Donald said:
'We are very pleased to see these initial estimates following what has been a very successful 2019 program. While its obviously early days and we will continue to review what is an extensive data set, it represents a very good first step in what is becoming Australia’s next gas frontier'.
The Joint Venture Partners in EP 469 are: Warrego Energy (via subsidiaries) 50%; Strike Energy (via subsidiaries, Operator) 50%.
Source: Warrego Energy