Aussie exploration race begins as eastern shortage looms

By Sara Stefanini 8 November 2013
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Strike Energy’s licences in Australia. Strike Energy’s licences in Australia.

Strike Energy is under a tight deadline. Having secured a long-term buyer and funding, the Aussie minnow is racing to appraise and test its promising unconventional gas prospects and – if all goes well – begin commercial output in 2017, a crucial year for eastern Australian gas buyers.

The Sydney-based company started drilling this month on the first of two appraisal wells – Le Chiffre 1 and Klebb 1 – in the South Australian part of the Cooper Basin. It expects to finish drilling them by the end of the year, after which it hopes to spend much of 2014 analysing the data and preparing for fracking and production testing.

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