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OPERATIONS

Strike firms up first WE gas sales agreement 

STRIKE Energy has converted its agreement with Wesfarmers' subsidiary CSBP for an 11-year gas supply to 100 petajoules at 25 terajoules per day to a binding commitment for gas from Phase 1 of its Perth Basin West Erregulla project, where it is about to begin drilling two to three appraisal wells. 

Helen Clark
Drilling West Erregulla-2

Drilling West Erregulla-2

The cash flow from the deal will help ramp up Strike's plans for a larger Phase 2 of its project.    "The agreement has a narrowing window delivery mechanism for first supply that will allow Strike...

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