STX 4.65% 20.5¢ strike energy limited

continuation of gas shows

  1. 34,652 Posts.
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    hi guys

    any comments..

    me think i can smell money


    14 December 2005 Australian Stock Exchange Ltd Via Electronic Lodgement CONTINUATION OF GAS SHOWS, SHEFCIK NO 1 WELL, TEXAS Strike Oil announces that further gas shows have been encountered in the Shefcik No 1 well which is drilling the Mesquite B Prospect in Jackson County, Texas. The Shefcik No 1 well was drilling ahead at 11,500 feet (3,505 metres) on 13 December 2005, Texas time. The well continues to encounter gas shows in interbedded sandstones and mudstones to the current depth of the well. These shows are in the primary objective of the well and will be evaluated at the end of the drilling. The well will continue to be drilled through the primary objectives of the well to the total depth programmed for 12,000 feet (3,658 metres). The specifics of the current well are as follows- Well Name: Shefcik No 1 Location: Mesquite B Prospect, Jackson County, Texas Spud Date: 2 November 2005 (Texas time) Objective: Wilcox Formation sands Status: Currently at a depth of 11,500 feet (3,505metres) (at 13 December 2005, Texas time) and drilling ahead Proposed Total Depth: 12,000 feet (3,658 metres) Strike Oil Working Interest: 26.25% Operator: Cypress E&P Corporation Yours faithfully SIMON ASHTON Further information: Strike Oil Limited Simon Ashton - Managing Director T: 08 9225 4446 E: [email protected] Managing Director - Strike Oil Limited
 
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