Strike Energy has completed its Ocean Hill seismic acquisition and began a seismic survey in Kadathinni in Australia, the company said in an April 19 report.
The 256 sq km 3D seismic acquisition over the large Ocean Hill gas discovery was completed under budget in Strike’s 100% owned and operated EP495 permit. The acquisition will assist in further defining the structure and faulting within the field and will be used to site a future appraisal well to support potential resource-to-reserve conversion.
Strike has also started a 2D seismic survey of 479 km in Kadathinni, the company’s 100% owned and operated EP503, EP504 and EP505 permits. The four structures that make up the Arrino-Kadathinni complex on the Tathra Terrace represent what Strike said will be the next Permian frontier for the Perth Basin. The Arrino Kadathinni structures are currently interpreted to be at similar depths to previously discovered Lockyer and West/South and North Erregulla wells.
RELATED
Recommended Reading
Occidental Increases Annual Dividend by 22%
2024-02-11 - Occidental Petroleum Corp.’s newly declared dividend is at an annual rate of $0.88 per share, compared to the previous annual rate of $0.72 per share.
Atmos Energy Announces Quarterly Dividend
2024-02-11 - Atmos’ dividend marks the company’s 161st consecutive quarterly dividend.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
Atlas Energy Solutions Declares Dividend
2024-02-09 - Atlas Energy’s dividend represents a 5% increase from the previous quarter’s dividend.
Northern Oil and Gas Ups Dividend 18%, Updates Hedging
2024-02-09 - Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.