More Gas Potential in Cooper Basin

摘要

More unconventional resource potential has been unlocked in Australia's Southern Cooper Basin, this time on permit PEL 95, where wireline log data from the Marsden 1 well demonstrated coal and shale thicknesses that match or exceeded predrill expectations, said minnow Strike Energy. Strike has a 50% stake in the permit, while midcap Beach Energy, which was the first company to book an initial contingent resource of 2 Tcf last year in the basin, holds the remaining 50%.