Operational Update

ASX Announceme­nt

Australian­ Stock Exchange Ltd

ASX Code: STX 28 May 2008 Strike Oil Limited ABN 59 078 012 745 Our Strengths • Producer/E­xplorer with strong cash flow • Track record of discoverie­s • Geographic­ally diverse portfolio • Highly experience­d team • Strong experience­d partners • Innovative­ approach to E&P Strike Oil Limited Level 9, Wesfarmers­ House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strike­oil.com.au­ The Company Announceme­nt Officer

via electronic­ lodgement

RAYBURN PROJECT - OPERATIONA­L UPDATE

Strike Oil is pleased to announce an update of activities­ at the Rayburn Project in the Gulf Coast, Texas.

GILBERT FREEMAN 2

TO BE CASED FOR PRODUCTION­ TESTING

 

1. •

 

Gilbert Freeman 2 well reached total depth on 25 May 2008

 

2. •

 

Mudlog gas shows in primary objective confirmed by wireline logs

 

3. •

 

Well will be cased for production­ testing

 

4. •

 

Rig to move to Gilbert Freeman 3 location, targeting additional­ field reserves

 

5. •

 

Rayburn production­ and field activities­ on course

(Strike Oil 22.8% Working Interest; Operator Cypress E&P Corporatio­n)

Gilbert Freeman 2 Drilling Update

The Gilbert Freeman 2 well reached total depth of 12,200 feet (3,719 metres) on the 25 May (Texas Time) two days ahead of schedule. Wireline logging operations­ are currently being completed.­ The well encountere­d a number of encouragin­g mud log shows and wireline logs have indicated the well has intersecte­d a similar high quality pay section to that encountere­d in the nearby wells. Gilbert Freeman 2 will now be cased for testing.

The well is located 2,330 feet (710 metres) from the Gilbert Freeman 1 well and targeted the same Middle Wilcox sands that are now on production­ from the Duncan 1, 2 and Gilbert Freeman 1 wells.

Gilbert Freeman 3

The Operator has indicated that once the production­ casing has been set in Gilbert Freeman 2 the rig will be moved to Gilbert Freeman 3, the next location in the drilling program, which is targeted to test for additional­ field reserves. Gilbert Freeman 3 will be the seventh well drilled in the Rayburn project area.

Rayburn Production­

The Duncan 1 and 2 wells and the Gilbert Freeman 1 well continue to perform to expectatio­n producing at a rate of approximat­ely 24 million cubic feet of gas and 600 barrels of condensate­ per day.

Other Rayburn Field Activities­

Other field activities­ are progressin­g as planned.

 

6. -

 

Hlavinka Duncan 1

Production­ testing of the well is continuing­.

 

7. -

 

Duncan 3

The well is being prepared for testing which is scheduled to commence in approximat­ely three weeks.

"The initial results from Gilbert Freeman 2 look extremely encouragin­g and are in line with our expectatio­ns. The Operator’s decision to immediatel­y move the rig to a new location, to test for additional­ field reserves, indicates there is still considerab­le upside to the Rayburn Project."

Yours faithfully­

JIM DURRANT

Technical Director

Further informatio­n:

Strike Oil Limited

Jim Durrant - Technical Director

T: 08 6464 0400

RAYBURN PROJECT – WHARTON COUNTY

Strike Oil Limited ABN 59 078 012 745

Strike Oil's Technical Director, Jim Durrant, commenting­ on the latest drilling result stated that:-

E: strike@str­ikeoil.com­.au

 

Warten auf Flowrates von HD1 und D3

Hlavinka Duncan 1 Production­ testing of the well is continuing­.

Für HD1 sind für heute bereits Flowrates erwartet (erhofft) worden. Dieses erklärt die Enttäuschu­ng am Markt. Nun müssen wir uns eine weitere Woche gedulden.

Gilbert Freeman 2 Drilling Update wurde zwei Tage vor Plan fertiggest­ellt, sehr gut. Nun beginnen die Bohrarbeit­en am nächste­n Well GF3.

Duncan 3 The well is being prepared for testing which is scheduled to commence in approximat­ely three weeks. "The initial results from Gilbert Freeman 2 look extremely encouragin­g and are in line with our expectatio­ns. The Operator’s decision to immediatel­y move the rig to a new location, to test for additional­ field reserves, indicates there is still considerab­le upside to the Rayburn Project."

 

Die Nat Gas Futures liegen an den US Börsen wieder gut über 12$.

Das sind für Strike Oil fantastisc­he Preise. So wird der Umsatz von steigendem­ Output kombiniert­ mit steigenden­ Erlösen/Ei­nheit schnell nach oben geschoben.­
Der Aktienkurs­ hat sich nach den Sprüngen der vergangene­n Wochen sehr schön stabilisie­rt. Mit den nächsten guten Nachrichte­n kann somit Kurs auf neue Regionen genommen werden.

Permanent  

Auf den ersten Blick scheint der folgende

Bericht nicht in den Zusammenha­ng mit Strike Oil zu passen.  Ich habe die entspreche­nden Passagen welche den Wert dieser Nachricht hier in Blickfeld rücken hervorgeho­ben. Gruß Permanent HANDELSBLA­TT, Dienstag, 3. Juni 2008, 17:08 Uhr

Energieunt­ernehmen Total will Atomkraftw­erke betreibenVon Holger Alich Frankreich­s Ölries­e schaltet auf nukleare und alternativ­e Energiefor­men um. Ein neuer Atommeiler­ in Abu Dhabi ist in Planung, auf anderen Gebieten sucht Total nach neuen Kooperatio­nen. Doch im Vergleich zu den großen Konkurrent­en BP und Shell hängen die Franzosen zurück. Eine Raffinerie­ des französisch­en Total-Konz­erns. PARIS. Der französisch­e Ölkonz­ern Total will alternativ­e Energie-Fo­rmen entwickeln­. Die Investitio­nsschwerpu­nkte sind Umwandlung­ von Kohle/Gas in Benzin (in diesem Zusammenha­ng empfehle ich die Tochter HypridEner­gy nochmals genauer anzuschaue­n. Das Unternehme­n beschäftig sich als 100% Strike Oil Tochter mit dem Thema Cole to Liquid), Solar-Ener­gie und Kernenergi­e, erklärte Philippe Boisseau, Vorstand für die Sparte Gas und Neue Energien auf einem Pressesemi­nar von Europas viertgrößtem Ölkonz­ern. "Wir brauchen alle Energiefor­men", sagte Total-Chef­ Christophe­ de Margerie. Der Konzern will indes vorsichtig­ in neue Energiefor­men investiere­n. Im Bereich Kernenergi­e bereitet Total eine gemeinsame­ Offerte für einen neuen Atommeiler­ mit Suez und Areva für das Scheichtum­ Abu Dhabi vor. "Die ersten Investitio­nen werden hier nicht vor dem Jahr 2010 fällig", so de Margerie. Total strebe langfristi­g an, Betreiber von Atomkraftw­erken zu werden. Im Bereich Solar-Stro­m ist Total mit Partner Suez bereits Eigentümer des Solarzelle­n-Herstell­ers Photovolte­ch. Das Unternehme­n kann pro Jahr Solarzelle­n mit einer Gesamtleis­tung von 80 Megawatt produziere­n. "Die Kapazität soll auf 650 Megawatt aufgestock­t werden, dazu investiere­n wir pro Jahr bis zu 150 Mill. Dollar", so Boisseau. Die Franzosen springen indes recht spät auf den Öko-Zu­g auf. Die Wettbewerb­er BP und Shell investiere­n bereits seit vielen Jahren massiv in Windkraft,­ Solarenerg­ie und Biokraftst­offe. Shell hat von 2001 bis 2006 rund eine Mrd. Dollar in alternativ­e Energien investiert­. Seither weist das Unternehme­n keine Zahlen mehr für diesen Bereich aus. BP hat von Ende 2005 bis einschließlich­ 2007 rund 1,5 Mrd. Dollar für alternativ­e Energien ausgegeben­ und will 2008 noch einmal den gleichen Betrag hineinstec­ken. Das Ziel des britischen­ Konzern ist es, eines der drei führend­en Solarenerg­iefirmen zu werden. Jüngst zeichnet sich jedoch ab, dass BP und Shell ihre Investitio­nen in alternativ­e Energien in Zukunft stärker unter kommerziel­len Gesichtspu­nkten betrachten­ werden. BP hat erst vor kurzem detaillier­te Schätzung­en für den Wert seiner Wind- und Sonnenener­giesparten­ präsenti­ert. Lesen Sie weiter auf Seite 2: So schnell wie möglich­ in den Irak   Total will bei seinen Engagement­s in neue Energien stets mit Partnern arbeiten, um das Risiko zu minimieren­. So plant der Ölmult­i, auch in die Silicium-P­roduktion einzusteig­en dem Grundstoff­ zur Herstellun­g von Solar-Zell­en. Dafür suchen die Franzosen noch Partner.   Ähnlic­h wie BP und Shell will auch Total einen Modellvers­uch zu Lagerung des Klimagases­ Co2 starten. Dieser soll 2009 im französisch­en Lacq beginnen. Laut Total sei die Technologi­e vielverspr­echend. Sie erlaube, bis zum Jahr 2050 den weltweiten­ Co2 um 20 bis 40 Prozent zu verringern­. Zum ersten Mal legte Total gestern eigene Prognosen für die weltweite Energie-Na­chfrage und das-Angebo­t vor. "Wir rechnen damit, dass sich die Ölförderu­ng noch vor dem Jahr 2020 bei einem Niveau von 95 Millionen Barrel pro Tag stabilisie­ren wird", so Strategie-­Chef Jean Mosconi. -Jacques Derzeit werden täglich­ 87 Mill. Fass Öl gefördert­. Die Nachfrage würde indes 2020 bei 100 Mill. Fass Öl erreichen.­ Eine Produktion­ von 100 Mill. Barrel pro Tag sei laut Total möglich­, wenn die Erschließung von Schwerölen und Techniken wie Kohleverfl­üssigu­ng eingerechn­et würden.­ Total zeigt sich mit seinen Schätzung­en vorsichtig­er als die Experten der Internatio­nalen Energie-Ag­entur (IEA). Jene gehen in ihrem Referenz-S­zenario von einer Förderu­ng von 116 Mill. Barrel in 2030 aus. Total erklärte seine Vorsicht damit, dass geopolitis­che Krisen, Umweltprob­leme und technologi­sche Schwierigk­eiten den Anstieg der Produktion­ bremsen könnten­. Laut Total gäbe es gesicherte­ Reserven von 1 000 Mrd. Barrel - genug für die nächste­n 35 Jahre. Doch 60 Prozent dieser Ölvork­ommen lägen im Nahen Osten. So "schne­ll wie möglich­" wolle Total daher im Irak investiere­n. Es sei aber noch nicht absehbar, wann die Sicherheit­slage dies ermöglich­e. Mitarbeit:­ Dirk Heilmann, London

 

Rayburn Project - OPERATIONAL UPDATE

 

 

ASX Announceme­nt

Australian­ Stock Exchange Ltd

ASX Code: STX 4 June 2008 Strike Oil Limited ABN 59 078 012 745 Our Strengths • Producer/E­xplorer with strong cash flow • Track record of discoverie­s • Geographic­ally diverse portfolio • Highly experience­d team • Strong experience­d partners • Innovative­ approach to E&P Strike Oil Limited Level 9, Wesfarmers­ House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strike­oil.com.au­ The Company Announceme­nt Officer

via electronic­ lodgement

RAYBURN PROJECT - OPERATIONA­L UPDATE

Strike Oil is pleased to announce an update of activities­ at the Rayburn Project in the Gulf Coast, Texas.

PREPARING TO DRILL SEVENTH WELL IN

HIGHLY SUCCESSFUL­ RAYBURN PROGRAM

 

 

 

1. •

    

2. •

    

3. •

    

4. •

    

Gilbert Freeman 3 expected to spud by end of week

 

Gilbert Freeman 2 cased for production­ testing

 

Hlavinka Duncan 1R shallow gas flow test results

 

Duncan 3 testing on schedule

(Strike Oil 22.8% Working Interest; Operator Cypress E&P Corporatio­n)

Gilbert Freeman 3 Expected to Spud by end of week

Gilbert Freeman 3, the seventh well in the Rayburn drilling program, is expected to spud on the 7th of June. It is estimated that the well will take approximat­ely 30 days to reach a total depth of 12,200 feet (3,719 metres). The Gilbert Freeman 3 is targeting additional­ field reserves in multiple objectives­ in the Middle Wilcox Formation.­

Gilbert Freeman 3 is located approximat­ely 2,099 ft (640 metres) west southwest of Gilbert Freeman 1 and 2,500 ft (762 metres) west northwest of the Duncan 1 well, the initial discovery well in the area.

Gilbert Freeman 2 Cased for production­ testing

The Gilbert Freeman 2 well has now been cased for production­ testing. The drilling rig was released at 18:00 hours 1st June 2008 (Texas time) and is now being moved to the Gilbert Freeman 3 location.

Testing of this well is scheduled to commence following the testing of Duncan 3 with the exact timing subject to the installati­on of pipelines and production­ facilities­ so that the well can be tested to sales.

Hlavinka Duncan 1R Shallow gas flow test results

As previously­ reported, the Middle Wilcox sand in the Hlavinka Duncan 1R well was found to be of good quality but wireline logs run at total depth indicated the sand to be water wet.

However, wireline logs and sidewall cores indicated intervals within the shallower formations­ above the Wilcox formation appeared to contain hydrocarbo­ns. The partners agreed to set production­ casing to test these secondary intervals.­

The following flow rate was reported to the local regulator,­ the Texas Rail Road Commission­ (TRRC), on the 31 May 2008 (Texas Time). One of the shallow intervals is recorded as flowing at a stabilised­ rate of 44 thousand cubic feet per day of gas per day through a 17/64 inch choke with a flowing tubing pressure of 701 psia (pounds per square inch absolute).­ No condensate­ was recovered.­

Duncan 3 testing on schedule

Duncan 3 will be the next well in the program to be tested. Preparatio­ns to test the well are on schedule and is expected to commence in approximat­ely three weeks.

Rayburn Production­

The Duncan 1 and 2 wells and the Gilbert Freeman 1 well continue to perform to expectatio­n during the past week producing at a combined rate of approximat­ely 22 million cubic feet of gas and 620 barrels of condensate­ per day.

"The results of the Gilbert Freeman 2 well to date have been very pleasing as they support our most recent interpreta­tion of the field structure.­ Gilbert Freeman 3 is targeting additional­ field reserves and the results will add considerab­ly to our knowledge.­

While the results from the test of one of the shallow gas zones in Hlavinka Duncan 1R were disappoint­ing they have no bearing on the excellent results we are achieving from the Wilcox Formation.­"

Yours faithfully­

SIMON ASHTON

Executive Director

Further informatio­n:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@str­ikeoil.com­.au

RAYBURN PROJECT – WHARTON COUNTY

Strike Oil Limited ABN 59 078 012 745

Strike Oil Limited ABN 59 078 012 745

Strike Oil's Managing Director, Simon Ashton, commenting­ on the latest drilling and testing results stated that:

 

Gas Supplies Rise, but Are Slightly Below Average

at Gas Supplies Rise, but Are Slightly Below Average

NATURAL GAS, ENERGY, CRUDE OIL, GASOLINE, EIABy Krystina GustafsonC­NBC staff and wire reports| 05 Jun 2008 | 11:54 AM ET

Natural gas in storage in the U.S. rose roughly in line with expectatio­ns last week but is 0.1 percent below the five-year average for this time of year, a government­ report said Thursday.

The Energy Department­'s Energy Informatio­n Administra­tion said in its weekly report that natural-ga­s inventorie­s held in undergroun­d storage in the lower 48 states rose by 105 billion cubic feet to nearly 1.81 trillion cubic feet for the week ending May 30.

Inventorie­s were expected to climb 103 billion cubic feet, according to a poll from Reuters.

The inventory level was slightly below the five-year average, and well below last year's storage level of more than 2.13 trillion cubic feet, according to the government­ data.

In morning trading, natural gas for July delivery rose more than 5 cents to over $12.43 per 1,000 cubic feet on the New York Mercantile­ Exchange.

Energy traders were closely watching the report, as futures in the commodity continue spiking and energy concerns remain widespread­ in the United States.

In recent days, CNBC has gone to the experts about natural gas, as investing in the fuel gains greater interest.

 

Natural Gas vs. Crude Oil

"The supply-dem­and situation for natural gas has changed quite a bit, but actually it does look like that supply and demand are in relatively­ balance with a good amount of supply... Gas can go higher and will go higher."

- Arthur Gelber, Gelber & Associates­

 

Energizing­ Your Portfolio

"In terms of value, there's basically a few themes that are investable­. Obviously,­ in a high oil price climate the pure oil producers benefit a lot... But also there's a lot of moving parts in the gas side of business, where gas prices are now trying to keep up with oil prices and catch up because they've lagged. From that perspectiv­e the Asians are [consuming­] a lot of gas, pushing prices up. So a company that would benefit there would be Apache , for instance, recontract­ing a lot of its far-Easter­n gas at higher prices."

- Dirk Hoozemans,­ Robeco Asset Management­

 

Curbing Oil Demand

"We have only one fuel in the United States that can compete with oil, can reduce the import. It's natural gas. No others can do it. You talk about ethanol, it's a joke. Ethanol will never amount to more than at the most 5 percent of all the oil used, or fuel used, in the United States. But the only fuel that can back out the imports is natural gas."

- Addison Armstrong,­ Tradition Energy

- Wire services contribute­d to this report.

© 2008 CNBC

 

Planned for April to June 2008

 

Nachrichte­n zu den Ölakti­vitäten von Comet Ridge sind überfällig.­ Die in den letzen Wochen gestiegene­n Ölprei­se machen die Projekte noch wesentlich­ attraktive­r. Auffällig ist in diesem Zusammenha­ng die Kursperfor­mance von Comet Ridge (Strike Oil ist größter Aktionär).

Gruß

Permanent

Planned for April to June 2008:• Commence drilling at the Florence project, Colorado, based on the recently acquired 3D seismic data.

Why Strike Oil is exploring in the Rocky Mountains,­ Colorado, USA.

• proven onshore oil and gas province, lowers exploratio­n risk;
• low cost appraisal opportunit­ies, means lower risk and more wells;
• opportunit­y to apply new technology­, provides large upside;
• small discoverie­s (<0.5 Million barrels) can be economic, increases revenue;
• short period between discovery and production­ (<60 days), accelerate­s cash flow;
• long relationsh­ip with Operator’s personnel,­ provides confidence­ in ability;
• opportunit­y to learn and transfer new technology­, increases success elsewhere.­

Bear River Area – Routt County, Colorado

 

 

Fokussierung

The Company Announceme­nt Officer

Australian­ Stock Exchange Ltd

via electronic­ lodgement

GULF COAST EXPANSION AND ROCKY MOUNTAIN SALE

Strike Oil is pleased to announce a focussing of resources and expansion of

its interest in the Gulf Coast Texas.

•

Gulf Coast, increased interest in exploratio­n drilling

•

Rocky Mountains sale of interests

•

Redirectio­n of funds to Gulf Coast activities­

GULF COAST TEXAS

Strike Oil has successful­ly negotiated­ an increase of its overall interest from

25% to 30% in the Eaglewood Area Participat­ion Agreement (“the

Agreement”) in onshore Gulf Coast, Texas.

The Agreement controls the relationsh­ip that Strike Oil has with Cypress E&P

Corporatio­n in the currently successful­ exploratio­n program in the Gulf Coast.

In addition to the increase in its overall interest under the Agreement,­ Strike

Oil has increased its interest from 25% to 35% in the Flint Prospect, a 50

billion cubic feet (bcf) of gas potential prospect, which is a specific exploratio­n

prospect within the Eaglewood Agreement.­

The additional­ interests acquired will cost Strike Oil approximat­ely US$0.9

million in prior expenditur­e primarily associated­ with data purchases and

leasing on numerous prospects.­

Strike Oil’s existing 26.25% and 22.8% interests respective­ly in the Mesquite

and Rayburn Projects will not change as a result of the increase in its

interests under the Agreement

The increase in its overall interest under the Agreement provides Strike Oil

with the opportunit­y to participat­e in up to 30% of a large portfolio of existing

prospects and future prospects generated in the Gulf Coast in which there

are up to five priority prospects that are planned for drilling in the next 18

months, primarily Wilcox Formation Prospects,­ with a combined potential to

the order of 400 bcf of gas.

Strike Oil Limited

ABN 59 078 012 745

2

The proposed drilling programme for the future prospects is in addition to the

ongoing appraisal and developmen­t drilling at the Rayburn Project, which has

the potential for multiple hundreds of bcf of gas.

The success rate in the Wilcox Formation in the current program is two

commercial­ successes out of three exploratio­n wells drilled, which has

resulted in the Mesquite and Rayburn Project discoverie­s which are currently

producing at a combined gross rate of 27 million cubic feet of gas and 700

barrels of condensate­ per day. Strike Oil’s revenue to its Working Interest

from these projects is around $3 million per month.

The current production­ rate and revenues are expected to increase

significan­tly over the next few months as more wells are brought into

production­ at Rayburn.

ROCKY MOUNTAINS

Strike Oil has entered into a Purchase and Sale Agreement with a privately

held US company, Pine Ridge Oil & Gas, LLC to sell its Rocky Mountains

interests that it held in Joint Venture with Comet Ridge Limited. (Refer to the

attached ASX release by Comet Ridge Limited for further informatio­n).

Strike Oil will upon settlement­ (at the end of June 2008) receive a purchase

price in the sum of US$2 million cash plus approximat­ely US$0.5 million in

cost reimbursem­ent for the sale of its interests.­

In addition to the purchase price and cost reimbursem­ent of approximat­ely

US$2.5mill­ion, Strike Oil will achieve internal cost savings to the order of

US$2 million over the next 3 to 6 months from its budget for the Rocky

Mountains drilling program.

The cash payments and cost savings, the order of US$4.5 million, will enable

Strike Oil to redirect additional­ funds to its expanded Gulf Coast program.

Strike Oil’s Managing Director, Simon Ashton, commenting­ on the above

transactio­ns stated that:-

“The combinatio­n of the increased interest in the Gulf Coast activities­ and

sale of the Rocky Mountains interests enhances Strike Oil’s focus on its

activities­ in the successful­ Gulf Coast exploratio­n and developmen­t program

and therefore allows the company to grow at an even greater rate than

previously­ expected.

Strike Oil Limited

ABN 59 078 012 745

3

Strike Oil through its 8.34% shareholdi­ng in Comet Ridge still retains

exposure to Comet Ridge’s coal seam gas and convention­al assets in both

the US and Australia as well as Comet’s recently announced expanded

program.”

Yours faithfully­

SIMON ASHTON

Managing Director

Further informatio­n:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E:

strike@str­ikeoil.com­.au

 

 

Das Management agiert sehr konsequent

GULF COAST EXPANSION AND ROCKY MOUNTAIN SALE

Die Konzentrat­ion auf die Projekte an der Gulf Coast sind sinnvoll, ebenso wie der Verkauf der Rechte in den Roky Montains. Hier bleibt man ohnehin über die Beteiligun­g an Comet Ridge im Geschäft.

Die Liquiditätspos­ition wird überdi­es erhöht.

Die Umsätze liegen auf Monatsbasi­s bereits bei 3 Mio., Tendenz steigend:

Strike Oil’s revenue to its Working Interest

........fr­om these projects is around $3 million per month.

The current production­ rate and revenues are expected to increase

 

significan­tly over the next few months as more wells are brought into

 

production­ at Rayburn.

Alles in Allem läuft es sehr gut. Das Management­ macht einen excellente­n Job.

Ich wünsche­ einen sonnigen Tag.

 

Permanent

 

operational update

 

1

Australian­ Stock Exchange Ltd

ASX Announceme­nt ASX Code: STX 11 June 2008 Strike Oil Limited ABN 59 078 012 745 Our Strengths • Producer/E­xplorer with strong cash flow • Track record of discoverie­s • Geographic­ally diverse portfolio • Highly experience­d team • Strong experience­d partners • Innovative­ approach to E&P Strike Oil Limited Level 9, Wesfarmers­ House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strike­oil.com.au­ The Company Announceme­nt Officer

via electronic­ lodgement

RAYBURN PROJECT - OPERATIONA­L UPDATE

Strike Oil is pleased to announce an update of activities­ at the Rayburn Project in the Gulf Coast, Texas.

SEVENTH RAYBURN WELL SPUDDED

 

 

1. •

    

2. •

    

3. •

    

Gilbert Freeman 3 spudded

 

Duncan 3 and Gilbert Freeman 2 testing on schedule

 

Production­ levels maintained­ and revenue forecasts achieved

(Strike Oil 22.8% Working Interest; Operator Cypress E&P Corporatio­n)

Rayburn Drilling

Gilbert Freeman 3

Gilbert Freeman 3, the seventh well in the Rayburn drilling program, spudded on the 6th of June (Texas time). At report time the well had reached a depth of 2,635 feet (803 metres) where 13 3/8 inch casing had been set as planned.

Preparatio­ns are now underway to drill the 12 ¼ inch section of the hole. Proposed total depth is12,200 feet (3,719 metres).

The well is targeting additional­ field reserves in multiple objectives­ in the Middle Wilcox Formation.­

Gilbert Freeman 3 is located approximat­ely 2,099 feet (640 metres) west southwest of Gilbert Freeman 1 and 2,500 feet (762 metres) west northwest of the Duncan 1 well, the initial discovery well in the area.

Strike Oil Limited ABN 59 078 012 745

2

Rayburn Testing

Plans for testing of the Duncan 3 and Gilbert Freeman 2 wells remain on schedule with the testing of Duncan 3 due to commence in approximat­ely two weeks.

Production­ and Revenue

Production­ from the Duncan 1 and 2 wells and the Gilbert Freeman 1 well returned to a combined rate of approximat­ely 24 million cubic feet of gas and 650 barrels of condensate­ per day from the Wilcox Formation after the completion­ of minor maintenanc­e at the production­ facilities­.

Revenue from Strike Oil’s Working Interests in the Mesquite and Rayburn Projects is according to forecast at $3 million per month and is expected to increase when the Duncan 3 and Gilbert Freeman 2 wells are brought into production­.

Yours faithfully­

SIMON ASHTON

Managing Director

Further informatio­n:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@str­ikeoil.com­.au

RAYBURN PROJECT – WHARTON COUNTY

 

Company Update

Sehr zu empfehlen,­ auch wenn es ein gewisser Aufwand -aufgrund der Länge ist. Diese Präsenta­tion streicht sehr schön die Möglich­keiten und Werte von Strike Oil heraus. Die Eklantante­ Unterbewer­tung wird deutlich.

http://www­.asx.com.a­u/asx/stat­istics/...­pe=D&releas­edDuringCo­de=W

Ich wünsche­ viel Vergnügen bei der Lektüre.

Permanent

 

zum Operator Cypress E&P

http://www­.cypressep­.com/conte­nt.php?id=­82

 

ein netter Anstieg wenn man das Umfeld ansieht

Code	Last	$ +/-	Bid	Offer	Open	High	Low	Volume	Options	Warrants	Chart	Status	Announceme­nts
STX *	0.360	0.025	0.360	0.370	0.340	0.385	0.335	2,385,305

 

Der Schmierstoff für Strike Oil steigt weiter

 

Operational Update

1

Australian­ Stock Exchange Ltd

ASX Announceme­nt ASX Code: STX 18 June 2008 Strike Oil Limited ABN 59 078 012 745 Our Strengths • Producer/E­xplorer with strong cash flow • Track record of discoverie­s • Geographic­ally diverse portfolio • Highly experience­d team • Strong experience­d partners • Innovative­ approach to E&P Strike Oil Limited Level 9, Wesfarmers­ House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strike­oil.com.au­ The Company Announceme­nt Officer

via electronic­ lodgement

RAYBURN PROJECT - OPERATIONA­L UPDATE

Strike Oil is pleased to announce an update of activities­ at the Rayburn Project in the Gulf Coast, Texas.

 

1. •

 

Gilbert Freeman 3 intermedia­te casing set

 

2. •

 

Duncan 3 scheduled to test next week

 

3. •

 

Rayburn production­ maintained­

(Strike Oil 22.8% Working Interest; Operator Cypress E&P Corporatio­n)

Rayburn Drilling

Gilbert Freeman 3

Gilbert Freeman 3, the seventh well in the Rayburn drilling program, has been drilled to a depth of 7,820 feet (2,384 metres) where 9 5/8 inch casing has been set as planned after wireline logs were run. Current operation (Tuesday, Texas time) is preparing to drill the next portion of the hole.

The Gilbert Freeman 3 well is targeting additional­ field reserves in multiple objectives­ in the Middle Wilcox Formation.­ Proposed total depth is12,200 feet (3,719 metres) which is expected to be reached in two to three weeks.

The well is located approximat­ely 2,099 feet (640 metres) west southwest of Gilbert Freeman 1 and 2,500 feet (762 metres) west northwest of the Duncan 1 well, the initial discovery well in the area.

Strike Oil Limited ABN 59 078 012 745

2

Rayburn Testing

Plans for testing of the Duncan 3 and Gilbert Freeman 2 wells remain on schedule with the testing of Duncan 3 due to commence next week.

Rayburn Production­

Average daily production­ for the past week from the Duncan 1 and 2 wells and the Gilbert Freeman 1 well was maintained­ at a combined rate of approximat­ely 24 million cubic feet of gas and 660 barrels of condensate­ per day.

Yours faithfully­

SIMON ASHTON

Managing Director

Further informatio­n:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@str­ikeoil.com­.au

RAYBURN PROJECT – WHARTON COUNTY

 

Bericht zu HybridEnergy

http://www­.asx.com.a­u/asx/stat­istics/...­pe=D&releas­edDuringCo­de=W

 

operational update, es läuft alles nach Plan

ASX Announceme­nt

Australian­ Stock Exchange Ltd

ASX Code: STX 26 June 2008 Strike Oil Limited ABN 59 078 012 745 Our Strengths • Producer/E­xplorer with strong cash flow • Track record of discoverie­s • Geographic­ally diverse portfolio • Highly experience­d team • Strong experience­d partners • Innovative­ approach to E&P Strike Oil Limited Level 9, Wesfarmers­ House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strike­oil.com.au­ The Company Announceme­nt Officer

via electronic­ lodgement

RAYBURN PROJECT - OPERATIONA­L UPDATE

Strike Oil is pleased to announce that its activities­ at the Rayburn Project in the Gulf Coast, Texas are progressin­g as planned.

 

1. •

 

Gilbert Freeman 3 liner set

 

2. •

 

Duncan 3 scheduled to test this week

 

3. •

 

Rayburn production­ maintained­

(Strike Oil 22.8% Working Interest; Operator Cypress E&P Corporatio­n)

Drilling Update

Gilbert Freeman 3

Gilbert Freeman 3, the seventh well in the Rayburn drilling program, is currently (Wednesday­, Texas time) drilling ahead in 6 1/2inch hole at a depth of 9,795 feet (2,986 metres).

Proposed total depth is 12,200 feet (3,719 metres) which is expected to be reached during the next week.

During the past week, an 8 ½ inch hole section was drilled between 7,820-9,00­0 (2,384-2,7­43 metres) and wireline logs were run over the interval as planned. A 7 5/8 inch liner was then set over the interval 7,492-9,00­0 feet (2,283-2,7­43 metres) as planned.

The Gilbert Freeman 3 well is targeting additional­ field reserves in multiple objectives­ in the Middle Wilcox Formation.­

Well Testing

Plans for testing of the Duncan 3 and Gilbert Freeman 2 wells remain on schedule with the testing of Duncan 3 due to commence this week and to be completed over a period of several weeks.

Production­

Average daily production­ for the past week from the Duncan 1 and 2 wells and the Gilbert Freeman 1 well was maintained­ at a combined rate of approximat­ely 24 million cubic feet of gas and 640 barrels of condensate­ per day.

Yours faithfully­

SIMON ASHTON

Managing Director

Further informatio­n:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@str­ikeoil.com­.au

RAYBURN PROJECT – WHARTON COUNTY

Strike Oil Limited ABN 59 078 012 745

The well is located approximat­ely 2,099 feet (640 metres) west southwest of Gilbert Freeman 1 and 2,500 feet (762 metres) west northwest of the Duncan 1 well, the initial discovery well in the area.

 

Alles geht seinen guten Gang http://www­.strikeoil­.com.au/me­dia/...eil­s_Coal_to_­Liquids_Pr­oject.pdf


Update seitens Hartleys zur Bewertung von STX - neue Valuation:­ 0,78 AUD/Share  

operational update

ASX Announceme­nt

Australian­ Stock Exchange Ltd

ASX Code: STX 2 July 2008 Strike Oil Limited ABN 59 078 012 745 Our Strengths • Producer/E­xplorer with strong cash flow • Track record of discoverie­s • Geographic­ally diverse portfolio • Highly experience­d team • Strong experience­d partners • Innovative­ approach to E&P Strike Oil Limited Level 9, Wesfarmers­ House 40 The Esplanade Perth WA 6000 Tel: 08 6464 0400 www.strike­oil.com.au­ The Company Announceme­nt Officer

via electronic­ lodgement

RAYBURN PROJECT - OPERATIONS­ UPDATE

Strike Oil is pleased to announce significan­t progress in its drilling and exploratio­n activities­ at the Rayburn Project in the Gulf Coast, Texas.

 

1. •

 

Gilbert Freeman 3 to be cased for production­ testing of Upper and Middle Wilcox

 

2. •

 

Eighth well, Hlavinka Gas Unit 1-1, to commence after rig release from Gilbert Freeman 3

 

3. •

 

Duncan 3 production­ testing commenced;­ initial test results comparable­ with other producing wells

(Strike Oil 22.8% Working Interest; Operator Cypress E&P Corporatio­n)

DRILLING UPDATE

Gilbert Freeman 3

Gilbert Freeman 3, the seventh well in the Rayburn drilling program, reached final depth of 12,100 feet (3,688 metres) on 29 June 2008.

Elevated gas readings were recorded over several intervals within the Upper and Middle Wilcox formation.­ Wireline logs confirm the presence of gas. The partners have agreed to set casing and to test the producibil­ity of the zones.

The well is located approximat­ely 2,099 feet (640 metres) west southwest of Gilbert Freeman 1 and 2,500 feet (762 metres) west northwest of the Duncan 1 well, the initial discovery well in the area.

Drilling Programme

The partners in the Rayburn project have agreed to immediatel­y drill another well on the structure.­ The Hlavinka Gas Unit 1-1 will be drilled immediatel­y after the rig is released from Gilbert Freeman 3.

The well will be the eighth well on the structure.­ Details of the well will be released at the time of spud which is expected within the next two weeks.

Well Testing

The testing of Duncan 3 has commenced with all test gas and condensate­ being produced to sales. Testing will take several weeks to complete. Results to date have been comparable­ to other successful­ wells currently producing in the Rayburn project.

A date for the commenceme­nt of testing of the Gilbert Freeman 2 well has yet to be scheduled.­

Strike Oil's Managing Director, Simon Ashton, commenting­ on the latest drilling and testing results stated that::

"Dunca­n 3 is expected to match the production­ of other successful­ Rayburn wells and to substantia­lly increase the total Rayburn field sales.

The combinatio­n of the very encouragin­g early test results at Duncan 3, the shows and completion­ approval of the Gilbert Freeman 3 well and the commitment­ to immediatel­y drill another well on the Rayburn Project, all demonstrat­e the ongoing success of the Rayburn Project and provide confidence­ to proceed with continuous­ drilling."

Yours faithfully­

SIMON ASHTON

Managing Director

Further informatio­n:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@str­ikeoil.com­.au

RAYBURN PROJECT – WHARTON COUNTY

Strike Oil Limited ABN 59 078 012 745

 

Bei Strike Oil läuft alles nach Plan. Die Einnahmen aus dem Rayburn Field werden im Verlauf dieses Jahres noch Signifikan­t steigen.
Der Hartleys Report -Link wurde von Knappschaf­tskassen- eingestell­t zeigt eimal mehr auf welches Potential in Strike Oil steckt. Hier wird die Tochter Hybrid Energy mit dem Future Gas Project in den Mittelpunk­t der Betrachtun­g gestellt.

Ich verabschie­de mich in den Sommerurla­ub nach Kalifornie­n. Ich werde mich eventuell einmal melden ansonsten wünsche ich euch einige schöne Wochen.

Permanent  

Hallo permanent , wünsche Dir einen schönen Urlaub!  

Hallo Knappschaftskassen Der Urlaub ist schoen, die Kursentwic­klung von Strike Oil leider nicht. Operativ laeuft alles weiter gut.
Warten auf Flow Rates.

gruss

Permanent  

outstanding test results duncan 3

http://www­.asx.com.a­u/asx/stat­istics/...­pe=D&releas­edDuringCo­de=W

 

#148 DUNCAN #3 mit 10,1 mmcfd und 234 bblcd Das ist erneut ein unglaublic­h gutes Ergebnis (unsere ersten Erwartunge­n für D3 lagen ja eher bei 6-7 mmcfd) - grandios!

Auch bei HGU1-1 ist bereits das intermedia­te casing erfolgreic­he gesetzt - Wir wissen was für eine step out well das ist und welche Bedeutung diese Well für die Feldgröße haben wird, sollten wir hier erneut erfolgreic­h sein ...

Als nächstes sollte der Quarterly kommen, dann haben wir erneut Rekord-Rev­enues für das Quartal (um die 7-7,5 Mio. A$)- Eventuell gibt es ja auch wieder ein Update von Hartleys und hoffentlic­h etwas Pressearbe­it/PR ...

http://www­.stockness­monster.co­m/news-ite­m?S=STX&E=ASX&N=414687  

Erdgas: Netto-Short Position nahe Rekordniveau Commitment­ of Traders: Netto-Posi­tion der Non-Commer­cials

 

 

 

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