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What are Strike Energy's plans following the SE-3 well testing? — ASX:STX| ASX Mining News & Discussion
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$STX What are Strike Energy's plans following the SE-3 well testing?
South Erregulla Update: Testing Anomalies and Strategic Shifts by Strike Energy

Strike Energy Limited has provided an update on its South Erregulla-3 (SE-3) well testing operations within the Perth Basin production licence L24, revealing unexpected results. Despite initial setbacks, including the failure of the well to flow as anticipated, Strike Energy has collected valuable data that will contribute to refining its subsurface model.

The company is now shifting focus to the up-dip SE-2 well for production testing, while also looking ahead to future drilling opportunities that could significantly enhance its portfolio.

Unexpected Testing Outcomes at SE-3

On February 5, 2024, Strike completed the SE-3 well with production tubing and perforated the primary zones in the Kingia Sandstone. However, the well did not flow as expected, leading to efforts to displace well fluid and adjust the well's balance.

Although initial attempts did not produce immediate flow, subsequent observations indicated the production of reservoir fluid, ...
What are Strike Energy's plans following the SE-3 well testing?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?