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Strike Oil Provides New Gulf Coast Exploration Progress Report Tuesday November 24, 2009, 12:08 pm Original Announcement: New Gulf Coast Exploration Strike Oil provided progress in accelerating and expanding its US Gulf Coast activities, reporting field production has been brought up to 25 mmcf of gas and 520 barrels of oil-condensate per day or 3,020 barrels of oil equivalent per day (Strike's share 5.75 mmcf, 125 barrels per day or 700 boe per day). The company also advised that it has entered into a second (i.e. in addition to the Eaglewood JV in Texas) jv agreement with Houston based private entity, Texana Resources Partners, to participate in further low risk exploration opportunities in the onshore Gulf Coast region. The company added that it is now set to participate in up to 10 wells in the US for 2010.More information about STX.AX |
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