Strike Oil vor dem möglichen Durchbruch

In der kommenden Woche sollt sich entscheiden in welche Richtung sich die Headline im Eingangsposting wendet entweder kommt es zum erwarteten Durchbruch und Durchmarsch im Aktienkurs oder wir werden wieder eingie Cent tiefer landen. Das Risiko scheint begrenzt und die Chance hoch. So werden wir uns ein weiteres  Mal in Geduld ueben.

Permanent  

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth, Western Australia, 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

16 July 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

DIRECTOR’S INTEREST NOTICE

Please find attached Appendix 3Y - Change of Director's Interest Notice for

James Durrant being the transfer of shares to James Michael and Monica Catherine Durrant <Durrant Superannuation Fund>.

Yours faithfully

SIMON ASHTON

Managing Director - Strike Oil Limited

Further information:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@strikeoil.com.au

 

APPENDIX 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Strike Oil Limited

ABN 59 078 012 745

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 

Name of Director	James Durrant
Date of last notice	14/6/06

 

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Pontia Pty Ltd <Durrant Family Account> of which J Durrant is a Director and shareholder
Date of change	A 15/6/07 B 28/6/07
No. of securities held prior to change	1,000,000 Unlisted incentive options expiring 31/12/08 and exercisable at 35 cents - James Michael Durrant 8,804,871 Ordinary fully paid shares - 7,965,571Pontia Pty Ltd <Durrant Family A/C> - 839,300 Pontia Pty Ltd <Durrant Superannuation Fund>
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

No. of securities held after change	1,000,000 Unlisted incentive options expiring 31/12/08 and exercisable at 35 cents - James Michael Durrant 8,804,871 Ordinary fully paid shares - 7,665,571Pontia Pty Ltd <Durrant Family A/C> A. 839,300 James Michael Durrant and Monica Catherine Durrant <Durrant Super Fund A/C> B. 300,000 James Michael Durrant and Monica Catherine Durrant <Durrant Super Fund A/C>
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Transfer of interest to James Michael Durrant and Monica Catherine Durrant <Durrant Super Fund A/C>

 

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

18 July 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

FEASIBILITY OF RIVOLI GAS FIELD DEVELOPMENT UNDER REVIEW

Strike Oil, Operator of Carnarvon Basin Permit EP325, is pleased to announce:

The Commonwealth of Australia, represented by the Department of Defence, has commissioned Strike Oil (Strike) to undertake a Front End Engineering Design (FEED) Study to investigate the feasibility of supplying gas from the Rivoli Gas Field, located 7 km southeast of the town of Exmouth, to fuel power generation for the Defence Communication Station located north of the town (see map below). If approved for development, Strike Oil will manage and operate the project and first gas sales would be anticipated some time in 2009.

As envisaged, the project will provide around 8 PJ (petajoules) of gas over a period of 20 years and will replace the diesel fuel currently used to generate power for the Station. As a remote power project, the gas price would need to be sufficient to underwrite the development and operating costs as well as be competitive with the current delivered price of diesel.

Commenting on the project, Strike’s Technical Director, Jim Durrant, said:

"The establishment of Production Infrastructure in this permit will provide an incentive for further exploration drilling of nearby oil and gas prospects and herald a renewed focus and a new round of activity over all of Strike’s extensive Carnarvon Basin acreage. Strike’s prospective permits in the area contain numerous prospects, including the Baniyas Prospect, with upside potential to 60 million barrels of oil or over 100 BCF of gas, which have been developed for a new drilling campaign being put together for the second half of next year. To this end, Strike is looking at lining up a number of prospects and a drilling program to underwrite the importation of a smaller offshore drilling unit more appropriate to the shallow water areas of Strike’s acreage, than the large and expensive deep water rigs currently drilling in the region".

 

The Rivoli Gas Field, in Western Australia Permit EP325, is located in the Carnarvon Basin on the Australian North West Shelf.

Permit EP325 working interests are as follows:

Strike Oil: 44.5% (Operator)

Victoria Petroleum: 36.1%

Bow Energy: 11.1%

Advent Energy: 8.3%

PROPOSED RIVOLI GAS FIELD DEVELOPMENT

Yours faithfully

SIMON ASHTON

Managing Director - Strike Oil Limited

Further information:

Strike Oil Limited

Jim Durrant – Technical Director

T: 08 6464 0400

E: strike@strikeoil.com.au

 

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

18 July 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

Gulf Coast, Texas

Rayburn Prospect, Duncan 1 well, Wharton County

(Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

 

1. •

1. Additional Wilcox zones to be completed for testing

   The Duncan 1 well has been successfully drilled to test the Rayburn Prospect in Wharton County, Texas. Wireline logs have confirmed potential gas pay at multiple levels in the Wilcox Formation (refer to ASX announcement made 16 July 2007).

   Operations are now underway to complete the well for production testing of the deeper pay zones in the Lower Wilcox before production testing the gas pay within the shallower Middle Wilcox section, previously secured behind casing.

   At the time of reporting (17 July 2007, Texas time) a 4 ½ in liner had been set over the interval 12,330-16,030 feet (3,758-4,886 metres) in preparation for testing the deeper zones.

   Testing is expected to commence within the next month.

    

   Colorado

   Florence Project, Fremont County

   (Strike Oil: 39% working interest. Operator: Comet Ridge USA Inc.)

   Strike Oil has been advised by the operator that acquisition of the Florence 3D seismic survey has been completed. The 3D survey is being acquired to identify infill drilling locations on the Florence oil field.

   Strike Oil will make weekly Operations reports e

   Yours faithfully

   SIMON ASHTON

   Managing Director - Strike Oil Limited

   Further information:

   Strike Oil Limited

   Simon Ashton - Managing Director

   T: 08 6464 0400

   E: strike@strikeoil.com.au

    

   1. • Liner set in preparation for testing

    

 

 

STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

20 July 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

QUARTERLY ACTIVITIES REPORT – PERIOD ENDED 30 JUNE 2007

Please find attached Strike Oil Limited’s Quarterly Activities Report for the period ended 30 June 2007.

Yours faithfully

SIMON ASHTON

Managing Director

Further information:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@strikeoil.com.au

 

QUARTERLY ACTIVITIES REPORT

FOR THE PERIOD ENDED 30 JUNE 2007

HIGHLIGHTS

 

1. •

1. Successful drilling of the Duncan 1 well on the Rayburn prospect, onshore Gulf Coast, Texas, establishes promising gas pay zones in both Middle and Lower Wilcox objectives;

 

 

1. • Completion of 3D seismic survey and increased working interest in the Florence prospect, Fremont County, Colorado;

 

 

1. • Rivoli gas project development evaluation renews focus on the Carnarvon Basin assets;

 

 

1. • Annual revenues for 2006/7 of $8.6 million from Texas gas and oil condensate sales (2005/6: $3.6 million).

 

Subsequent to quarter end

 

1. •

1. Operations to test the Duncan 1 well at the Rayburn prospect commenced;

 

 

1. • Commissioned to undertake Front End Engineering Design (FEED) studies to investigate the feasibility of supplying gas from the Rivoli gas field to the Department of Defence.

 

SIGNIFICANT PROJECT ACTIVITIES

 

1. •

PRODUCTION ACTIVITIES

USA

1. Rayburn Project, Gulf Coast, Texas

   The successful drilling of the Duncan 1 well in the Rayburn Prospect in Wharton County, Texas, established a number of promising gas pay zones in the Wilcox Formation.

   Confirmation of the discovery through production testing will provide the Company with a second producing asset, increased revenues and two out of three exploration success rate in its Wilcox Formation, Texas Gulf Coast deep drilling programme.

   Further development wells may be drilled later in 2007.

    

   1. • Bear River, Colorado

      Production from the Peltier 11-12 well at 5-10 bbl/d has been significantly lower than expected. Investigations continued throughout the quarter to determine whether the low rates are indicative of the nature of the reservoir or are being cause by problems associated with the completion of the well.

      PRODUCTION REVENUE

      Total revenue from Texas gas and oil condensate sales for the 2006/7 year was $8.6 million, up from $3.6 million in 2005/6. Gross daily production from the Company’s Mesquite project at the end of the quarter was 6.2 million cubic feet gas per day and 85 barrels of oil condensate per day which contributed the bulk of the $1.75 million revenue for the quarter.

      Production (Strike Oil WI)	June Quarter	March Quarter	Movement (%)
      Gas (MMcf)	156.9	202.6	(22.6)
      Oil (Bbl)	2,608	3,775	(30.9)

      Revenue (Strike Oil WI)	June Quarter		March Quarter		Movement
      ($’000)		($’000)		(%)
      Gas	1,543		1,798		(14.2)
      Oil	213		256		(16.8)
      Total	1,756		2,054		(14.5)

      Total revenue from Texas gas and oil condensate sales for the 2006/07 year was $8.6 million.

      EXPLORATION ACTIVITIES

      USA

       

   2. •

    

   Gulf Coast, Texas Projects

   Activities in the Gulf Coast program continued to be focussed on the drilling of large Wilcox Formation prospects.

   Duncan 1 (Rayburn Prospect, Wharton County):

   McGall 1 (Flint Prospect, Fort Bend County):

   Prospect Generation:

    

   1. •

    

   Rocky Mountains Projects

   Unseasonable weather and a shortage of equipment caused delays to some projects during the quarter.

    

   Florence Project (Fremont County):

   Coal View Unit 31-4 (Tow Creek Prospect, Routt County):

   Peltier 11-12 (Bear River Prospect):

   AUSTRALIA

    

   2. •

    

   Carnarvon Basin

   Plans for drilling in the Company’s Carnarvon Basin permits remained on hold due to the unavailability of a suitable rig. In the meantime, the Company continued the process of obtaining environmental approval from regulatory authorities for a future drilling programme. Investigation into alternative drilling rig options also continued.

   Subsequent to the end of the quarter, the Company announced that the Commonwealth of Australia, represented by the Department of Defence, had commissioned Strike Oil to undertake a front end engineering design, or FEED study, to investigate the feasibility of supplying gas from the Rivoli gas field, located 7 km southeast of the town of Exmouth in exploration permit EP-325, to fuel power generation for the Defence Communication Station located north of the town. If approved for development, Strike Oil will manage and operate the project, with first gas sales anticipated in 2009.

   Further technical evaluation of the Baniyas prospect in EP-424 was undertaken in an attempt to identify the nature of the fluids in the mapped trap. Work to date suggests the prospect could contain either oil, gas or both. The possibility of gas in this prospect will not deter drilling as the potential domestic gas shortage in

    

   Western Australia and the rising price of sales gas are making smaller near shore, shallow water, gas prospects more attractive to drill.

   During the quarter the Company relinquished its interests in exploration permits TP/17, TP/18 and EP-420 as it considered they contain no prospects of viable size.

    

   1. •

    

   Cooper Eromanga Basins

   Processing of the data collected during the Gukithi 2D seismic survey continued during the quarter. Once processing and interpretation of the data has been completed it is expected the operator, Beach Petroleum, will recommend at least one exploration well to be drilled before the end of March 2008.

   In permits PELA 71 and PELA 96, located in South Australia, work is still progressing to finalise Native Title agreements.

    

   1. •

    

   Kingston Energy Project

   Strike Oil’s wholly owned subsidiary Kingston Energy Pty Ltd has commissioned a scoping study as a precursor to a pre-feasibility study to investigate potential commercial development options, including gasification, for the Kingston lignite deposit in South Australia.

   Coal resources for the Kingston lignite deposit (EL3385) have been estimated in accordance with the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The Kingston deposit, contains 578.3 million tonnes (Mt) to a depth of 80 metres. Of this total resource, 523.5 Mt are Measured Resource and 54.8 Mt are Indicated Resource. Additional quantities of lignite are known to exist from more sparsely drilled boreholes but do not fall within the JORC guidelines for reporting coal resources.

   DRILLING SCHEDULE AND PROSPECT INVENTORY

   Strike Oil continues to build an inventory of prospects and leads in Australia and the USA.

   The Company plans to participate in the drilling of at least five more wells before the end of calendar year 2007. The drilling programme for the second half of the 2007/08 financial year is more fluid but the Company anticipates it will maintain an active drilling campaign. The prospects and leads inventory will continue to be upgraded with time to provide the best chance for success and risk management.

   The provisional drilling schedule to mid 2008 is attached. Note: proposed drilling timings are susceptible to change due to rig availability, climatic conditions, joint venture and regulatory approvals and operator schedules.

    

   HEALTH SAFETY AND ENVIRONMENT

   The Company did not register any safety or environmental incidents during the quarter.

   CORPORATE

   During the quarter the Company announced the resignation of Ms Gillian Swaby as Company Secretary with effect from 30 June 2007. This was part of a planned transition. Mr Tony Brazier, the Company’s Chief Financial Officer, has been appointed Company Secretary.

   Ms Swaby was Company Secretary of Strike Oil from its inception in May 1997, and the Board expresses its gratitude for the significant contribution Ms Swaby has made to the Company's growth and expansion.

   NEXT QUARTER ACTIVITIES

   The information that relates to the Kingston lignite resources in this quarterly report is based on information compiled by Charles Parbury, consulting geologist of McElroy Bryan Geological Services, who is a member of the Australasian Institute of Mining and Metallurgy. Charles Parbury has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify him as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Charles Parbury has consented to the inclusion of the matters based on his information in the form and context in which it appears in this quarterly report.

    

   Email: strike@strikeoil.com.au Telephone: (61 8) 9323 2000

   Website: www.strikeoil.com.au Facsimile: (61 8) 9323 2033

   Telephone: (61 8) 6464 0400

   Facsimile: (61 8) 6464 0401 Australian Stock Exchange Code: STX

   For further information contact:

   STRIKE OIL LIMITED

   Registered Office: Share Register Enquiries:

   Level 9, Wesfarmers House Computershare Investor Services

   40 The Esplanade Level 2, 45 St George’s Terrace

   Perth, Western Australia, 6000 Perth, Western Australia 6000

    

   2. • Complete and test the Duncan 1 well on the Rayburn prospect, Texas.

       

      1. • Commence production from the Duncan 1 well.

          

         1. • Drill further wells on the Rayburn prospect.

             

            1. • Re-enter and test the Coal View Unit 31-4 well at Tow Creek, Colorado.

                

               1. • Conduct remedial treatment on the Peltier 11-12 oil well at Bear River, Colorado in an endeavour to increase flow rate.

                   

                  1. • Complete acquisition and processing of the 3D seismic over the Florence prospect, Colorado in preparation for drilling in the fourth quarter.

                      

                     1. • Complete FEED study for Rivoli gas field, Carnarvon Basin.

                         

                        1. • Conduct Scoping Study and commence Pre-feasibility Study of Kingston gasification project.

                         

                      

                   

                

             

          

       

    
   Investigation as to the cause of low oil flow rates continued during the quarter. Remedial operations to test possible plugged perforations are planned for early July. Strike Oil has a 33.75% working Interest in the Bear River project. Drilling of a sidetrack hole is planned to commence in the next quarter. Oil and gas shows were encountered across a 245 foot (75 metre) thick fractured interval in the Niobrara formation in the original hole. The sidetrack will be drilled around part of the work string that became irretrievably stuck during completion operations. If similar shows and fracturing are encountered in the sidetrack hole the well will be completed and flow tested. Strike Oil has a 37.5% working interest in the Tow Creek project. Acquisition of the eight square mile (13 square kilometres) 3D seismic survey did not start until late May due to delays in obtaining permits and a suitable contractor. The survey was approximately 85% complete by the end of the quarter; it is expected to be completed in mid July. The survey covers a significant part of the old Florence oil field and overlaps a smaller 3D survey acquired by one of the Company’s partners in 2004. At least one highly profitable well (in which Strike Oil has no interest) was located by this earlier survey. Once acquisition has been completed, the data will be processed and merged with the existing data for interpretation and prospect generation. Drilling is expected to commence in the last calendar quarter of 2007. Strike Oil increased its working interest in the Florence project from 26% to 39% during the quarter.
   A number of prospects have been generated from the 3D seismic data reprocessed during the quarter. Leasing on these prospects is underway. Strike Oil has a 25% Working Interest in these new prospects. Interpretation of drilling and wireline data indicated a substantial gas column in a secondary objective within the Wilcox Formation. Due to the close proximity of water-bearing sands to the gas pay zone, the risks of communicating with the water-bearing sands during the required stimulation was considered to be high. This led to the decision not to complete the well at the time. Significant potential remains on adjacent fault blocks and the prospect remains on the operator’s inventory for consideration as locations for future wells. Strike Oil has a 25% working interest in the Flint prospect. Wireline logs indicated the presence of gas pay in both the Middle Wilcox and Lower Wilcox sections. The reserves potential of the pay zones in this well, and over the larger associated structure, will be determined by the planned production testing program and further development drilling. Strike Oil has a 22.8% working interest in the Rayburn prospect, having reduced its interest from 25% during the quarter.

    

 

 

1

Attention ASX Company Announcements Platform

Lodgement of Open Briefing

®

Strike Oil Limited

Level 9,

Wesfarmers House,

40 The Esplanade,

Perth, Western Australia, 6000

Date of lodgement:

 

24-Jul-2007

Title:

Open Briefing®. Strike Oil. Strategic Update on US & Australian Prospects

Record of interview:

corporatefile.com.au

Strike Oil Limited (ASX code: STX) is presently completing for production

testing the Duncan-1 well (STX: 22.8%) on the Rayburn Prospect in the Gulf

Coast of Texas, where you have highlighted, pre drilling, a prospective resource of

500+ Bcf of gas. Do the results received to date support your estimations? How

are these results driving your ongoing exploration and development program in the

area? What is the potential of the project to Strike?

MD Simon Ashton

It is still too early to make a reasonable estimate of the potential size of the

resource but we are excited about the discovery based upon the drill results we’ve

received to date. It has significant gas pay zones based on drill cuttings, gas shows

and wireline logging. We have now confirmed the presence of a large structure

with interpreted gas pay at multiple levels.

The pay zone in the Middle Wilcox level is interpreted as excellent quality; clearly

defined on seismic and of a scale potentially greater than our Mesquite Project

interest. The pays in the Lower Wilcox are not as high quality and not as well

defined seismically but still expected to flow at commercial rates and are

associated with a very large structure. Adjacent wells in nearby fields producing

from similar horizons have initial flow rates in excess of 10 million cubic feet per

day. The potential will be evaluated with the flow testing of the well within the

next few months and further development drilling as warranted.

2

Evaluation of initial capital works on the production facilities and pipeline to the

regional transmission line is underway.

corporatefile.com.au

The company maintains interests across several Gulf Coast prospects. Can you

summarise the key milestones to date? What are your future drilling plans? What

are the risks?

MD Simon Ashton

Strike is in the fortunate position of having a revenue stream. Financially, we have

increased our sales revenues from A$3.6 million in 2005/06 to A$8.6 million for

the financial year ending June 30 2007. This is due largely to our US interests in

the Gulf Coast and, in particular, the Mesquite discovery. The other milestone is

the current Rayburn discovery which, although not yet on production, we are

confident will generate significant and increasing cash flows in the 2007/08 year

and we are forecasting sales revenues to increase to greater than A$10 million for

the coming year.

We have now drilled 4 deep exploration wells in the Gulf Coast since mid 2006 (3

of which tested the Wilcox Formation) with 2 successes in the Wilcox giving us an

overall 50% exploration success rate and two out of three in the Wilcox wells.

This indicates that the technical risks are relatively low and we have a good

portfolio of these low risk prospects at various stages of maturity to ensure a

continuous flow of exploration drilling.

With the Rayburn discovery, the Gulf Coast drilling program is being reviewed to

optimise returns and we will announce the forward program when it is clarified by

the operator.

corporatefile.com.au

At the Florence Project (STX: 39%) in the Rockies (USA) you are in the process

of acquiring a 3D seismic survey. What is the timing to completion of the survey?

In a mature field, why is it necessary to acquire this information to plan a drilling

program? What are your plans?

MD Simon Ashton

The survey has been completed and we will now process and interpret the data and

integrate it with the existing adjacent 3-D seismic and well control. The survey is

aimed at better defining sweet spots associated with fracture systems in the

existing shallow production areas and defining prospects in the deeper formations

which remain largely unexploited and known to be productive elsewhere in the

area. Once all the data is mapped and prospects generated, we will commence

drilling, probably later this year.

corporatefile.com.au

You have completed two of three ‘proof of concept’ wells one at the Bear River

Project (STX: 33.75%) and one at the Tow Creek Project (STX: 37.5%) in the

Rocky Mountains, Colorado. What have the results to date revealed about the

potential of the play? When will the drilling program recommence? What are

your expectations?

3

MD Simon Ashton

The technical program on these two wells has yet to be completed. Operational

issues have been a challenge and we certainly will be avoiding drilling in the

winter months in this area in future. Last winter we encountered abnormally

severe winter weather which ultimately caused us to suspend operations.

Subsequently, at the Peltier well (Bear River) we are producing small quantities of

oil and are currently attempting to stimulate production. At the Coal View Unit

well (Tow Creek) we encountered encouraging extensive fractured reservoir with

significant oil shows. We are currently designing a sidetrack to bypass the drill

pipe which became stuck in the hole during the attempted earlier completion

before operations were suspended. Once approved, the sidetrack could be

undertaken during this current quarter. The Tow Creek well has a reasonable

chance of achieving around 50 to100 barrels of oil a day.

corporatefile.com.au

Strike is also targeting prospects in the Cooper and Carnarvon Basins in Australia.

Can you provide an update on your activities? What work is planned for these

areas over the next 12-18 months?

MD Simon Ashton

The Company is placing considerable focus on getting our Carnarvon Basin

position into a cash flow generating part of the Company. We consider this area

and our permits to be highly prospective for further oil discoveries. However, the

current tight and expensive offshore drilling rig environment has delayed our

plans. We are currently evaluating several options to correct this situation and get

our opportunities drilled. Our focus is to secure a more suitable and lower cost

drilling option for our shallow water prospects than is currently available in

Australia. This is a major challenge in the current high cost environment. We are

confident we will develop a solution and have been actively generating a number

of exciting drilling opportunities.

One of the opportunities is the Rivoli Gas-field in the Carnarvon Basin, where we

have just entered into a FEED (Front-End Engineering Design) feasibility study

with a potential customer for the supply of gas to a remote power project.

The environmental approval process is well advanced for the drilling of the 60

million barrel (oil) or 100 billion cubic feet of gas potential Baniyas Prospect in

EP-424.

In the Cooper Basin the next well is planned for late 2007-early 2008 in ATP-633P

and will likely be drilled on the Phi structure which has potential in the order of 10

million barrels of oil.

corporatefile.com.au

Strike owns the rights to a significant lignite (brown coal) deposit located in South

Australia? What is the commercial potential of this deposit?

4

MD Simon Ashton

We acquired the coal and petroleum rights to a large lignite deposit in the upper

south-east of South Australia to enable us to evaluate the coal seam gas potential.

We have broadened our evaluation of the potential of this asset to include coal

gasification, clean coal technologies and carbon capture and storage. We are

currently completing a scoping study looking at various alternatives in preparation

for the consideration for approval of a pre feasibility study within the next month.

This asset is located in a wholly owned subsidiary of Strike Oil and as this project

advances we are likely to seek separate funding.

corporatefile.com.au

A 5-well program is planned in the USA and Australia during the second half of

calendar 2007 with 5 wells having been drilled in the first half. How do you rank

these wells?

MD Simon Ashton

All of these wells we would consider of relatively low technical risk. Two or three

of these wells are likely to be deep Gulf Coast wells and hence have added

operational risks along with the higher upside potential. The program could be

increased depending upon the level of success at the Duncan well, leading to a

combination of exploration and development wells.

corporatefile.com.au

In a market presentation earlier this year, you outlined a market capitalisation

growth target for Strike of greater than five fold from the current A$70 million by

August 2008. Where do you see the best opportunities to create this value? Are

you being too ambitious? How important are energy prices in realising your

longer-term growth strategy?

MD Simon Ashton

The target you refer to reflects the total potential of Strike’s portfolio of activity.

While it is an ambitious target we have the projects in place that have the potential

to deliver this scale of growth and that growth figure reflects this potential. A

significant proportion of this growth can come from the Gulf Coast area with the

development of the Rayburn discovery, and say one more new discovery from one

of our next 3 large scale exploration wells. In the Carnarvon Basin we have the

projects to deliver significant value add when we have resolved the drilling rig

issue. Furthermore we have other business development opportunities and

production acquisitions under review in addition to the South Australian coal

gasification project, all of which could add significant value in the next 12 months.

The current high world oil prices and high domestic US gas prices clearly help our

growth strategy. However, the nature of the projects we are working with would

remain profitable at lower prices.

corporatefile.com.au

What about Strike’s financial commitment? How are you funding your

participation? Does this impact your ability to develop your other projects?

5

MD Simon Ashton

At this stage we are funding the program from existing working capital and cash

flow from the production. We are entertaining putting in place a small debt

facility to help fund development type activities. Fortunately at present other

projects in Strike Oil’s portfolio, in addition to the Gulf Coast activities, are not

placing significant capital demands on existing cash which stands at around A$5

million. It is also important to understand that unlike many junior explorers we do

have a revenue stream. If success at the Duncan-1 well triggers an accelerated

development program, we have the option to draw on increased cash flow from the

success, a greater debt funding capacity and the possibility of some equity funding.

corporatefile.com.au

Strike has had an active 2007 financial year. What is planned for FY 2008?

MD Simon Ashton

We are progressing on many fronts. In the Gulf Coast we are moving to

immediately develop the Duncan-1 well to generate additional revenue. We are

also progressing with our planned high impact exploration drilling program, to

build on our high success ratio (better than 50%) there. In the Rocky Mountains,

following completion of the 3-D seismic survey, we will be further testing and

evaluating prospective drill targets at Florence, Tow Creek, and Bear River.

In Australia, we are commencing a feasibility study to develop the Rivoli Gasfield

in the Carnarvon Basin to supply regional power and we are making good

progress on developing alternative drilling options for our exciting Carnarvon

Basin prospects. In South Australia, we have made considerable progress in

evaluating the various options with respect to the potential for a coal gasification

project associated with a large lignite (brown coal) deposit.

corporatefile.com.au

Thank-you Simon.

For further information on Strike Oil Limited visit

Simon Ashton on (08) 6464 0400.

To read other Open Briefings, or to receive future Open Briefings by email, please

visit

www.strikeoil.com.au or callwww.corporatefile.com.au.

DISCLAIMER:

It is information given in a summary form and does not purport to be complete. The information contained is not intended to be

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belebteren Thread zu Strike Oil als hier -bin mehr oder minder Einzelkämpfer- bei ARIVA. Die Beiträge sind sachlich und von hohem Informationsgehalt.

Zu einem Punkt der zuletzt dort häufig Anlaß für große Spekulationen war möchte ich mich hier -da ich kein WO User bin- kurz äußern.

Das Kohleprojekt von Strike Oil -hier eine Kopie aus Posting 31-:

Strike owns the rights to a significant lignite (brown coal) deposit located in South

Australia? What is the commercial potential of this deposit?

4

 

MD Simon Ashton

 

We acquired the coal and petroleum rights to a large lignite deposit in the upper

 

south-east of South Australia to enable us to evaluate the coal seam gas potential.

 

We have broadened our evaluation of the potential of this asset to include coal

 

gasification, clean coal technologies and carbon capture and storage. We are

 

currently completing a scoping study looking at various alternatives in preparation

 

for the consideration for approval of a pre feasibility study within the next month.

 

This asset is located in a wholly owned subsidiary of Strike Oil and as this project

 

advances we are likely to seek separate funding.

Beflügelt die Kollegen mit großer Fantasie.  In diesem Zusammenhang möchte ich -um beim Thema Kohle- ein wenig realitätsnah zu bleiben einen Bericht aus dem letzten Rohstoffreport hier einstellen. Kohle ist der Energieträger, der weltweit am häufigsten vorkommt. Die Vorräte reichen noch für viele Generationen, die Kosten der Grenzproduktion sowie der Ölpreis sind die stärksten Einflußfaktoren auf den Marktwert von Kohle.

Hier der Bericht:

www.boerse-go.de

4. Jahrgang | Ausgabe 14 | 23.07.2007 1

 

...

Kohle mit Kohle?

Bei einem mutmaßlich weiter

anziehenden Ölpreis werden

Alternativen immer gefragter.

Solarwerte und alle alternativen

Energieträger wie Wind,

Wasserkraft oder Erdwärme

sind in aller Munde, und für

Antizykliker, zumindest zur Zeit,

weniger geeignet. Bei einem

anderen Energieträger sieht das

etwas anders aus. Viele Aktien

von Kohleproduzenten haben

aus verschiedenen Gründen ein Schmuddel-Image. Kohle gilt als

C02-Sünder, nicht besonders sauber in der Verbrennung, staubig

und rußig – Kohle eben.

Dabei werden einige Entwicklungen gerne übersehen: Nach

Angaben des aktuellen BP Statistical Review of World Energy

2007 ist Kohle weltweit der Brennstoff, der sich am schnellsten

verbreitet.

Betrachtet man die Sache aus dem globalen Blickwinkel, ist das

auch kein Wunder: Allein in den USA liegen Kohlereserven, die

nach heutigem Stand noch 250 Jahre reichen werden. In den

Vereinigten Staaten lagert viermal mehr Energie als in Saudi-Arabien

- in Form von 275 Milliarden Tonnen Kohle. Und China hat

Kohlevorräte, die noch für viele Jahrzehnte reichen werden. Nach

Regierungsangaben schlummern mehr als 1.000 Milliarden

Tonnen (!) unter dem Boden des Riesenreichs. Kohle wird also

noch genügend da sein,wenn das Öl längst verbraucht ist...

„Kein Energieträger, von Nordamerika bis nach China ist so billig

und in so großer Menge verfügbar“, sagte Richard Price,

Investmentbanker bei Westminster Securities in St. Louis und

ehemaliger Vize-Präsident des größten US-Kohleproduzenten

Peabody Energy (US-Kürzel:BTU) kürzlich in einem Interview.Und

Peabody-CEO Gregory Boyce erklärte,wenn man die Kohlevorräte

des Unternehmens in flüssigen Treibstoff verwandeln würde,

würde sich die Bewertung des Konzerns verzehnfachen.

Was sich völlig utopisch anhört,wäre technisch durchaus möglich:

Bereits im Jahr 1925 entwickelten die beiden deutschen Chemiker

Franz Fischer und Hans Tropsch am Kaiser-Wilhelm-Institut für

Kohleforschung in Mülheim/Ruhr ein Verfahren zur Gewinnung

von flüssigen Kohlenwasserstoffen aus Kohle. Mit ihrer „Fischer-

Tropsch-Synthese“ hatten die beiden Forscher aus der Not eine

Tugend gemacht: Die Möglichkeit, einheimische Kohle zu verflüssigen,

galt damals als Sensation.

Die südafrikanische South African Coal, Oil, and Gas Corporation

Limited (Sasol, US-Kürzel: SSL, WKN 865164) hat das Verfahren

weiterentwickelt und ist heute der weltweit größte Produzent

von flüssigen Kraftstoffen aus Kohle (CTL - Coal-to-Liquid). Damit

sind die Potenziale des Fischer-Tropsch-Verfahrens aber noch

nicht erschöpft. In ähnlicher Weise ist es auch möglich, Erdgas zu

verflüssigen.

Der besondere Charme des “Gas to Liquids” (GTL)-Prozesses liegt

darin, dass das anfallende Kraftstoffgemisch schwefelfrei ist.

Angesichts der jüngsten Klimadiskussionen und aufgrund der

politischen Rahmenbedingungen könnte hier ein wachstumsstarker

Zukunftsmarkt entstehen, da die aufwendige Entschwefelung,

wie sie beim Rohöl oder auch bei der Verarbeitung

von Kohle erforderlich ist, entfallen könnte.

Entscheidend ist der Ölpreis...

Rentabel wird eine Verflüssigung von Kohle allerdings erst ab

einem Ölpreis von etwa 40 US-Dollar pro Barrel. Es ist jedoch zu

vermuten, dass dieses Niveau kaum noch einmal unterschritten

werden wird. Damit könnte das Verfahren dauerhaft profitabel

werden. Experten schätzen die jährlichen Steigerungsraten bei

der Kohle-Nachfrage auf rund drei Prozent - und damit doppelt

so hoch wie beim Öl. Innerhalb der nächsten zehn bis 15 Jahre

werde sich der Kohlepreis mindestens verdoppeln.

Hier zu Lande wurden Programme zur Kohleverflüssigung und

Kohlevergasung Mitte der 1980er Jahre durch die damalige

Bundesregierung eingestampft. Die letzte Pilotanlage zur

Kohleverflüssigung, die von der Deutschen Montan Technologie

(DMT) seit den 1970er Jahren im Kleinmaßstab betrieben wurde

(Produktionsleistung rund 200 Kilogramm pro Tag), wurde vor

zwei Jahren, ähnlich wie die Kokerei Kaiserstuhl, abgebaut und

nach China verkauft.

Dort betreibt man bereits intensivste Forschungen und entwikkelt

immer neue Technologien zur Kohleverflüssigung. Große

Raffinerie-Konzerne wie etwa China Petroleum & Chemical

Corporation - Sinopec (WKN 887169) stellen derzeit ein Projekt

nach dem anderen auf die Beine. Hier beabsichtigt Chinas größter

Bergbaukonzern, die Shenhua Group einzusteigen. Diese wiederum

plant, auch mit Hilfe deutscher Experten, im mongolischen

Majata den Bau einer Kohleverflüssigungsanlage, die jährlich

aus rund 9,7 Millionen Tonnen Kohle rund fünf Millionen

Tonnen Benzin, Kerosin und Diesel herstellen und noch in diesem

Jahr in Betrieb gehen soll. Die chinesische Regierung hält diese

weltweit erste Industrieanlage zur direkten Kohlehydrierung mit

einem Investitionsvolumen von fast drei Milliarden US-Dollar für

bedeutsam im Rahmen der inländischen Energiestruktur.

Nach Zeitungsberichten plant China, in den nächsten fünf bis

zehn Jahren 15 Milliarden US-Dollar in den Bau von Anlagen zu

investieren, mit denen jährlich 16 Millionen Tonnen Ölprodukte

aus Kohle gewonnen werden können. Die Anlagen sollen in den

kohlereichen Provinzen Shanxi, Shaanxi und Yunnan sowie der

autonomen Region Innere Mongolei entstehen.

Mit Sicherheit...

Der kräftige Preisanstieg für Erdgas und Erdöl hatte den jüngsten

Kohle-Boom ausgelöst. Doch auch die geopolitische Situation

heizt das Interesse an. Die großen Öl- und Gaslager liegen allesamt

in den Händen politisch unsicherer Staaten. Die Sicherheit

8

Gastkommentar

Kohle mit Kohle?

4. Jahrgang | Ausgabe 14 | 23.07.2007

Andreas Hoose, Chefredakteur

www.antizyklischerboersenbrief.

de

der Energieversorgung jedoch könnte auch angesichts terroristischer

Bedrohungen vor allem in den USA in den kommenden

Jahren ein zentraler Punkt sein – und zwar gänzlich unabhängig

von umweltpolitischen Diskussionen.

Nach Expertenschätzungen soll der Anteil der Kohle bei der

Stromproduktion in den USA innerhalb der kommenden zehn

Jahre von 47 auf 53 Prozent steigen. „Kohle ist eine entscheidende

Komponente im Energiehaushalt der USA“, urteilte die UBS

Investmentbank kürzlich. Bis 2030 werde die Nachfrage um 73

Prozent zunehmen, so die Prognose des US-Department of

Energy: Von 1,1 Milliarden auf 1,9 Milliarden Tonnen.

Saubere Kohle?

Kohle hat allerdings Schwächen. Noch existieren massive

Umweltprobleme. Es gibt keine saubere Kohle. Das bei der

Verbrennung entstehende Kohlendioxid ist hauptverantwortlich

für die globale Erwärmung. Allerdings werden weltweit Anstrengungen

unternommen, die Probleme zu lösen.

Doch vom Wiedererwachen der Kohle profitieren nicht nur die

Hersteller. Auch Firmen, die etwa Technologien zur Aufbereitung

des Energieträgers entwickeln, wie etwa die Hersteller von

Turbinen Siemens, General Electric oder Alstom, können sich ein

Stück vom Kuchen abschneiden. Auch kleinere Hightechfirmen,

wie etwa Headwaters (US-Kürzel: HW) könnten von der Welle

erfasst werden. Das Unternehmen mit Sitz in Utah ist führend

bei der Entwicklung von Technologien, mit der sich die

Verbrennung von Kohle umweltfreundlicher gestalten lässt.

Headwaters steigert überdies die Effizienz der Kohle, indem sie

Abfallprodukte wie Flug- oder Bettasche für das Baugewerbe

aufbereitet.

Fazit:

Verfahren der Kohleverflüssigung haben derzeit (noch?) keine

größere wirtschaftliche Bedeutung. Ob sich das jemals ändert,

hängt stark vom Ölpreis ab. Ob Kohle als Energieträger eine

Zukunft hat, wird entscheidend davon abhängen, wie sich die

weltweite Klimadiskussion entwickelt. Sollten die Vereinigten

Staaten an ihrem Kurs festhalten, der bislang eher auf die

Förderung fossiler Brennstoffe abzielte, könnten hier hohe

Renditen möglich sein.

Nicht vergessen darf man in diesem Zusammenhang den Punkt

der Energiesicherheit: Die Vereinigten Staaten aber auch China

könnten bei einem Ausbau der Kohleförderung von den arabischen

Staaten weitgehend unabhängig werden. Ein Energiemix

bestehend etwa aus alternativen Formen der Energiegewinnung

und Kohle wäre hier eine mögliche Option.

 

 

Vom Schmuddel-Image der Kohle können Bergleute ein Liedchen singen...

 

 

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

25 July 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

Gulf Coast, Texas

Rayburn Prospect, Duncan 1 well, Wharton County

(Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

 

1. •

1. Rig Released

   The Duncan 1 well has been successfully drilled to test the Rayburn Prospect in Wharton County, Texas. Wireline logs have confirmed potential gas pay at multiple levels in the Wilcox Formation (refer to ASX announcement made 16 July 2007).

   The rig was released on 23 July after successfully setting a 4 ½ in liner over the interval 12,330-16,030 feet (3,758-4,886 metres) in preparation for testing the Lower Wilcox zones followed by testing of the shallower Middle Wilcox pay zone.

   Testing of these zones is expected to commence in mid August at which time perforating and fracture stimulation will be undertaken using a workover rig.

   Earlier this week, Strike Oil’s Managing Director, Simon Ashton, told Corporatefile:

   It is still too early to make a reasonable estimate of the potential size of the resource but we are excited about the discovery based upon the drill results we’ve received to date. It

   (the Duncan 1 well) has significant gas pay zones based on drill cuttings, gas shows and wireline logging. We have now confirmed the presence of a large structure with interpreted gas pay at multiple levels.

   Yours faithfully

   SIMON ASHTON

   Managing Director - Strike Oil Limited

   Further information:

   Strike Oil Limited

   Simon Ashton - Managing Director

   T: 08 6464 0400

   E: strike@strikeoil.com.au

    

   …….Adjacent wells in nearby fields producing from similar horizons have initial flow rates in excess of 10 million cubic feet per day. The potential will be evaluated with the flow testing of the well within the next few months and further development drilling as warranted. Evaluation of initial capital works on the production facilities and pipeline to the regional transmission line is underway.

    

   1. • Testing planned for August

    

 

 

dem Aktienkurs von Strike Oil kurzfristig einen Schub verleihen. Der große Sprung wird allerdings nicht ohne eine klare Ansage zu Cashfow produzierenden Öl/Gasfunden kommen.
Weiteres Abwarten ist angesagt. Wie immer kommt am Mittwoch das wöchentliche Update.

Gruß

Permanent  

Nachrichten sehr hoch. Der Kurs ist auf 0,28 A$ gestiegen. Nun fehlen zu den hohehn Energiepreisen nur noch die richtigen Nachrichten von Strike Oil um den Kurs entgültig Richtung Norden zu schieben.
Das Potential ist vorhanden, warten wir ab.

Permanent  

In diesem Gesamtmarkt reicht dies leider nicht um den Kurs oben zu halten. Strike wird bald in Produktion gehen.

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

1 August 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

Gulf Coast, Texas

Rayburn Prospect, Duncan 1 well, Wharton County

(Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

 

1. •

1. Testing planned for August

   The Duncan 1 well has been successfully drilled to test the Rayburn Prospect in Wharton County, Texas. Wireline logs have confirmed potential gas pay at multiple levels in the Wilcox Formation (refer to ASX announcement made 16 July 2007).

   Testing of these zones is expected to commence in mid-late August. In the meantime, operations are underway to connect to local facilities to enable test gas to be sold immediately.

   Strike Oil will resume reporting on activities at the Rayburn Prospect once testing has commenced.

   Yours faithfully

   SIMON ASHTON

   Managing Director - Strike Oil Limited

   Further information:

   Strike Oil Limited

   Simon Ashton - Managing Director

   T: 08 6464 0400

   E: strike@strikeoil.com.au

    

   1. • Connecting to local facilities

    

 

 

das zukünftige Potential von Strike Oil. Der Well Rayburn Prospect, Duncan 1 well, Wharton County wird an das lokale Gasversorgungsnetz angeschlossen. Somit können aus den Probebohrungen der kommenden Wochen fließede Gasmengen sofort verkauft werden. Ebenso unterstreicht dies die zuversicht des Managements hier erhebliche Mengen in den Verkauf bringen zu können.
Investoren müssen für den laufenden Monat August noch Geduld aufbringen bis die entgültigen Readings abgeschlossen sind. Danach kann eine Aussage über die Quantität der Funde getroffen werden.
Sollten hier erhebliche Funde vorliegen -wovon ich ausgehe- wird der Cash Flow von Strike Oil sofort stark positiv beeinflußt. Durch den Anschluß an das lokale Gasnetz kann unmittelbar verkauft werden.
Die Märkte sind zur Zeit nicht in der Lage dieses positive Szenario zu spielen. Also Geduld und einen kühlen Kopf bewahren.

Gruß

Permanent  

Posting 29 in folgendem Thread sollte eigentlich hier eingestellt werden.

Hier der Link:

http://www.ariva.de/Gold_und_Silber_als_sicherer_Hafen_t298422

 

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

8 August 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

 

1. • Texas Gulf Coast : Rayburn development plan under review

   Gulf Coast, Texas

   Rayburn Prospect, Duncan 1 well, Wharton County

   (Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

   The Operator is reviewing a development plan for the Rayburn gas discovery. A testing programme for the Duncan 1 well is being designed.

   Gas transportation and sales agreements are being finalised, with the intent being to test the well to sales within 30 days of finalising such agreements.

   Colorado

   Tow Creek Project, Routt County

   (Strike Oil: 37.5% working interest. Operator: Comet Ridge USA Inc.)

   Strike Oil has been advised by the Operator that drilling operations on the Coal View Unit 31-4 (CVU 31-4) sidetrack are due to commence this week.

   The original well was drilled in November-December 2006. It reached a total depth of 6,600 feet (2013 metres) after intersecting 245 feet (75 metres) of oil and gas shows in the main objective which was interpreted to be moderately to intensely fractured.

    

   During the subsequent completion operation drill pipe became irretrievably stuck in the well. It is now planned to sidetrack the well and if similar oil and gas shows are encountered, to complete it for testing. The operations are expected to take about two weeks from the time of commencement. The sidetrack is targeting 200,000 to 500,000 barrels of recoverable oil.

   Florence Project, Fremont County

   (Strike Oil: 39% working interest. Operator: Comet Ridge USA Inc.)

   Strike Oil has been advised by the Operator that an initial set of processed data from the Florence 3D seismic survey has been received. Interpretation will commence immediately.

   The data will be used to identify infill drilling locations on the Florence oil field.

   Drilling is expected to commence in the last calendar quarter of 2007.

   Yours faithfully

   SIMON ASHTON

   Managing Director - Strike Oil Limited

   Further information:

   Strike Oil Limited

   Simon Ashton - Managing Director

   T: 08 6464 0400

   E: strike@strikeoil.com.au

    

   1. • Colorado : Sidetrack of CVU 31-4 due to commence

    

 

 

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

15 August 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

 

1. • Texas: Preparations for testing Duncan 1 continue

   Gulf Coast, Texas

   Rayburn Prospect, Duncan 1 well, Wharton County

   (Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

   Preparations for testing the well continue.

   During the week the drilling mud in the well bore was displaced with brine in preparation for fraccing and flow testing. Negotiations on gas transportation and sales agreements continued with the intent being to test the well to sales within 30 days of finalising such agreements.

    

   Rocky Mountains, Colorado

   Tow Creek Project, Routt County

   (Strike Oil: 37.5% working interest. Operator: Comet Ridge USA Inc.)

   The Operator has advised that a completion rig started operations on 8 August 2007. The rig successfully plugged the well bore in preparation for the drilling of a sidetrack well.

   A rotary rig is due on location this week to drill the 1800 feet (550 metre) sidetrack, which is expected to take less than ten days to drill.

   Yours faithfully

   SIMON ASHTON

   Managing Director - Strike Oil Limited

   Further information:

   Strike Oil Limited

   Simon Ashton - Managing Director

   T: 08 6464 0400

   E: strike@strikeoil.com.au

    

   1. • Colorado: Sidetrack of CVU 31-4 due to commence this week

    

 

 

ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au

22 August 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

 

1. • Texas: Preparations for testing Duncan 1 slowed by rain.

   Gulf Coast, Texas

   Rayburn Prospect, Duncan 1 well, Wharton County

   (Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

   Preparations for testing the well continued during the week.

   Agreements have now been concluded on a surface facilities site, site access and gas transportation. A gas sales contract is also close to being finalised. Once the facilities have been installed and all agreements are in place the intention is to test the Lower Wilcox to sales within 30 days.

   Very heavy rain during the week slowed the installation of the facilities.

   Rocky Mountains, Colorado

   Tow Creek Project, Routt County

   (Strike Oil: 37.5% working interest. Operator: Comet Ridge USA Inc.)

   The Operator has advised that the rotary rig has been moved to the location and rigging up is in progress. The drilling of the 1800 feet (550 metre) sidetrack is expected to commence during the latter part of this week.

   Yours faithfully

   SIMON ASHTON

   Managing Director - Strike Oil Limited

   Further information:

   Strike Oil Limited

   Simon Ashton - Managing Director

   T: 08 6464 0400

   E: strike@strikeoil.com.au

    

   1. • Colorado: Rig on location for sidetrack of CVU 31-4.

    

 

 

ABN 59 078 012 745

STRIKE OIL LIMITED

Level 9, Wesfarmers House

40 The Esplanade

Perth Western Australia 6000

Phone: 61 8 6464 0400

Facsimile: 61 8 6464 0401

Email: strike@strikeoil.com.au

www.strikeoil.com.au

29 August 2007

Australian Stock Exchange Ltd

Via Electronic Lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

•

Texas: Preparations for production testing Duncan 1 continued.

•

Colorado: Sidetrack of CVU 31-4 commenced.

Gulf Coast, Texas

Rayburn Prospect, Duncan 1 well, Wharton County

(Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

The building of production facilities, approval processes and preparations for

testing the well continued during the week.

A completion programme for the Lower Wilcox sands consisting of perforating and

fraccing, has been designed and is currently being costed. The testing programme

is expected to commence in early September.

Rocky Mountains, Colorado

Tow Creek Project, Coal View Unit 31-4, Routt County

(Strike Oil: 37.5% working interest. Operator: Comet Ridge USA Inc.)

The Operator has advised that drilling of the sidetrack well commenced on 25

August. At last report (28 August) the well was at a depth of 5602 feet (1707

metres). Proposed total depth is 7,132 feet (2174 metres) measured depth.

Elevated gas readings have been recorded in the Niobrara section penetrated so

far. For more details refer to the attached ASX announcement made by Comet

Ridge.

Yours faithfully

Further information:

Strike Oil Limited

Simon Ashton - Managing Director

T: 08 6464 0400

E: strike@strikeoil.com.au

SIMON ASHTON

Managing Director - Strike Oil Limited

The Company Announcement Officer

Australian Stock Exchange Limited Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

By Electronic Lodgement

Operations Update – Tow Creek Drilling

Routt County, Colorado USA

Main Points

•

Coal View Unit 31-4 sidetrack at 1,707m waiting on rig repairs

•

Gas show recorded in secondary objective

•

The directors of Comet Ridge Limited are pleased to provide the following

operational update for the Coal View Unit 31-4 sidetrack (CVU 31-3 ST)

hole.

As of report time the well was at a depth of 1,707m with the rig undergoing

repairs. The shallowest of three reservoir targets in the Niobrara Formation

has been penetrated and elevated gas readings were recorded throughout.

The primary objective – the “second bench” of the Niobrara is expected at

1,829 m and should be reached within a few hours after drilling resumes.

Comet Ridge USA is the operator of the well and is paying 50% of the costs

of the sidetrack to earn a 37.5% working interest (29.25% net revenue

interest) in the Tow Creek project.

Yours sincerely,

Well is expected to penetrate the primary objective at around 1,829 m

ANDREW LYDYARD

Managing Director

Comet Ridge Limited

29 August 2007

ABOUT COMET RIDGE

Comet Ridge is an Australian-listed

oil and gas explorer transitioning to

producer with projects in Australia

& USA.

The Company’s strategy is to

capture meaningful interests

and, via operatorship, control

of large acreage positions

covering high potential impact

oil and gas opportunities, in

both mature fields and in proven,

but overlooked, basins.

Comet Ridge is capitalizing on

its local experience in the USA

through development of its

Pacific Northwest & Rocky

Mountain projects

Comet Ridge is also advancing a

number of key projects in Australia

USA

Pacific Northwest

• Grays Harbor (COI: 100%)

• Cedar Creek/Vader (40%)

Rocky Mountains

• Tow Creek (37.5%)

• Bear River (33.75%)

• Florence (39%)

AUSTRALIA

Queensland

• Mahalo (40%)

• Galilee Basin (100%)

New South Wales

• Gunnedah Basin (20 – 25 %)

ASX Listed:

………………..19 April 04

Shares on issue:

…………105 million

Unlisted options:

…………9.8 million

Top 20:

……………………. 44%

Directors:

………………….12%

Comet Ridge Limited

ABN 47 106 092 577

ASX CODE: COI

 

 

Ankündigung einer Kapitalerhöhung. Alles in Allem läuft es nach meiner Einschätzung bei Strike Oil nach Plan. Mittelfristig (12-18 Monate) wird sich Strike Oil aus dem Chash Flow finanzieren können um Projekte voranzutreiben. Kurzfristig steht wie gesagt aber eine Kapitalerhöhung auf dem Programm. Das ist im aktuellen Umfeld ein spannender Faktor. Ich kann mir nicht vorstellen wie Strike Oil im derzeitigen Kapitalmarktumfeld eine geordnete Kapitalbeschaffung durchführen will.

Die Präsentation ist gut gemacht, aussagekräftig und vielversprechend aber ob das zum heutigen Zeitpunkt ausreicht um Investoren hinter dem Ofen hervor zu locken mag ich doch bezweifeln. Vor zwei Monaten sah die Welt noch anders aus, da wäre dieses Unterfangen sicher kein Problem gewesen.

Warten wir ab.

Permanent

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

 

ASX Announcement

ASX Code: STX

DATE

5 September 2007

The Company Announcement Officer

Australian Stock Exchange Ltd

via electronic lodgement

OPERATIONS UPDATE

Strike Oil announces the following update on activities in the USA.

•

Texas: Preparations for production testing Duncan 1 continued.

•

Colorado: CVU 31-4 Sidetrack experienced mechanical problems.

Gulf Coast, Texas

Rayburn Prospect, Duncan 1 well, Wharton County

(Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

The building of production facilities and preparations for testing the well

continued during the week.

Rocky Mountains, Colorado

Tow Creek Project, Coal View Unit 31-4, Routt County

(Strike Oil: 37.5% working interest. Operator: Comet Ridge USA Inc.)

The Operator has advised that due to mechanical problems with the rig, no

progress was made during the past week. The sidetrack is currently at a depth of

5602 feet (1707 metres). Proposed total depth is 7,132 feet (2174 metres)

measured depth. For more details refer to the attached ASX announcement

made by Comet Ridge.

Strike Oil Limited

ABN 59 078 012 745

Our Strengths

•

strong cash flow

Producer/Explorer with

•

discoveries

Track record of

•

portfolio

Geographically diverse

•

Highly experienced team

•

partners

Strong experienced

•

E&P

Innovative approach to

Strike Oil Limited

Level 9, Wesfarmers House

40 The Esplanade

Perth WA 6000

Tel: 08 6464 0400

www.strikeoil.com.au

Yours faithfully

SIMON ASHTON

Managing Director - Strike Oil Limited

The Company Announcement Officer

Australian Stock Exchange Limited Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

By Electronic Lodgement

Operations Update – Tow Creek Drilling

Routt County, Colorado USA

Main Points

•

No progress for the week on the Coal View Unit 31-4 sidetrack

•

Extensive rig repairs now complete

•

Gas show recorded in secondary objective

•

Comet Ridge Limited provides the following operational update for the Coal

View Unit 31-4 sidetrack (CVU 31-3 ST) hole being drilled on the Tow Creek

prospect in northern Colorado.

As of report time the well was at a depth of 1,707m, with no progress

recorded for the week. Badger Rig 2 has required extensive mechanical

repairs but is now fully operational and operations are underway to resume

drilling.

The shallowest of three reservoir targets in the Niobrara Formation has

been penetrated and elevated gas readings were recorded throughout. The

primary objective – the “second bench” of the Niobrara is expected at 1,829

m. Proposed total depth is 2,174 m.

Comet Ridge USA is the operator of the well and is paying 50% of the costs

of the sidetrack to earn a 37.5% working interest (29.25% net revenue

interest) in the Tow Creek project.

Yours sincerely,

Well is expected to penetrate the primary objective at around 1,829 m

ANDREW LYDYARD

Managing Director

Comet Ridge Limited

5 September 2007

ABOUT COMET RIDGE

Comet Ridge is an Australian-listed

oil and gas explorer transitioning to

producer with projects in Australia

& USA.

The Company’s strategy is to

capture meaningful interests

and, via operatorship, control

of large acreage positions

covering high potential impact

oil and gas opportunities, in

both mature fields and in proven,

but overlooked, basins.

Comet Ridge is capitalizing on

its local experience in the USA

through development of its

Pacific Northwest & Rocky

Mountain projects

Comet Ridge is also advancing a

number of key projects in Australia

USA

Pacific Northwest

• Grays Harbor (COI: 100%)

• Cedar Creek/Vader (40%)

Rocky Mountains

• Tow Creek (37.5%)

• Bear River (33.75%)

• Florence (39%)

AUSTRALIA

Queensland

• Mahalo (40%)

• Galilee Basin (100%)

New South Wales

• Gunnedah Basin (20 – 25 %)

ASX Listed:

………………..19 April 04

Shares on issue:

…………105 million

Unlisted options:

…………9.8 million

Top 20:

……………………. 44%

Directors:

………………….12%

Comet Ridge Limited

ABN 47 106 092 577

ASX CODE: COI

 

ASX Announcement

ASX Code: STX

10 September 2007

The Company Announcement Officer

Australian Stock Exchange Ltd

via electronic lodgement

COLORADO ROCKY MOUNTAINS UPDATE

Strike Oil announces the following update on the CVU 31-4 sidetrack

drilling activities in the Rocky Mountains - Colorado.

Rocky Mountains, Colorado

Tow Creek Project, Coal View Unit 31-4, Routt County

(Strike Oil: 37.5% working interest. Operator: Comet Ridge USA Inc.)

The Operator has advised that the Coal View Unit 31-4 sidetrack has been

temporarily abandoned due to part of the drill string becoming irretrievably

stuck in the well bore above the primary objective of the well.

For more details refer to the attached ASX announcement made by the

Operator, Comet Ridge.

Elsewhere in the USA

Texas Gulf Coast, development operations are continuing, building facilities

for the planned production testing of the Duncan 1 well later this month and

preparing for the development drilling program commencing next month.

, on Strike’s Rayburn development project in the

Strike Oil Limited

ABN 59 078 012 745

Our Strengths

•

strong cash flow

Producer/Explorer with

•

discoveries

Track record of

•

portfolio

Geographically diverse

•

Highly experienced team

•

partners

Strong experienced

•

E&P

Innovative approach to

Strike Oil Limited

Level 9, Wesfarmers House

40 The Esplanade

Perth WA 6000

Tel: 08 6464 0400

www.strikeoil.com.au

Yours faithfully

JIM DURRANT

Technical Director - Strike Oil Limited

The Company Announcement Officer

Australian Stock Exchange Limited Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

By Electronic Lodgement

Operations Update – Tow Creek Drilling

Highlights

•

CVU 31-4 side track well temporarily abandoned

•

Comet Ridge Limited announces that the Coal View Unit 31-4 sidetrack has been

temporarily abandoned due to part of the drill string becoming irretrievably stuck

in the well bore above the primary objective of the well.

Extended repairs resulting from the repeated mechanical failures of the drive

mechanism on the rig created a situation where the drill string was left hanging

stationary in the borehole for almost a week. During this time, as a result of the

inability to move the drill string and maintain circulation, borehole conditions

deteriorated to such an extent that the drill string became irretrievably stuck. The

decision to quickly discontinue operations results from experience gained during

the winter when a similar situation resulted in an extended and expensive

unsuccessful fishing operation.

The well has been temporarily plugged to allow further side-tracking operations at

a later time with another rig. Comet Ridge is pursuing negotiations with the

drilling contractor to recover certain costs.

Strong oil and gas shows recorded over fractured intervals within the Niobrara in

both the original well bore and the sidetrack hole remain untested. Comet Ridge

and joint venture partner Strike Oil Limited (ASX Code: STX) remain committed

to testing the significant oil potential of the Tow Creek anticline but need to

assess an appropriate way forward given the obviously elevated operational risks

of drilling on the structure.

ANDREW LYDYARD

Drilling rig released

Managing Director

10 SEPTEMBER 2007

ABOUT COMET RIDGE

Comet Ridge is an Australian-listed

oil and gas explorer transitioning to

producer with projects in the USA &

Australia

The Company’s strategy is to

capture meaningful interests

and, via operatorship, control

of large acreage positions

covering high potential impact

oil and gas opportunities, in

both mature fields and in proven,

but overlooked, basins

Comet Ridge is capitalising on

its local experience in the USA

through development of its

Pacific Northwest & Rocky

Mountain projects

Comet Ridge is also advancing a

number of key projects in Australia

USA

Pacific Northwest

• Grays Harbor (COI: 100%)

• Cedar Creek/Vader (40%)

Rocky Mountains

• Tow Creek (37.5%)

• Bear River (33.75%)

• Florence (39%)

AUSTRALIA

Queensland

• Mahalo (40%)

• Galilee Basin (100%)

New South Wales

• Gunnedah Basin (20 – 25 %)

ASX Listed:

………………19 April 04

Shares on issue:

………. 104 million

Unlisted options:

……….8 million

Top 20:

………………….. 44%

Directors:

…………….… 12%

Comet Ridge Limited

ABN 47 106 092 577

ASX CODE: COI

 

Nicht viel was den Kurs bewegen könnte. Abwarten ist weiter angesagt. Der Aktienkurs liegt nunmehr auch nur noch auf dem Niveau der Bezugsrechte für die neuen Aktien. Es dürfte in diesem Umfeld schwer sein Geld einzusammeln wenn keine entscheidenenden Nachrichten kommen. Die Projekte sind sehr vielversprechend, irgendwann reicht es den Aktionären allerdings nicht mehr immer nur vertröstet zu werden. Ich werde weiter abwarten. Über eine Zeichnung habe ich noch nicht entgültig entschieden.

Gruß

Permanent

The Company Announcement Officer

Australian Stock Exchange Ltd

via electronic lodgement

ASX Announcement

ASX Code: STX

19 September 2007

OPERATIONS UPDATE

Rayburn Project

(Strike Oil: 22.8% working interest. Operator: Cypress E&P Corporation)

 

Rayburn Development

 

 

Progress continues with respect to site and road access, site preparation, facilities installation and access to enable testing to commence and new drill sites to be accessed in the next few weeks.

 

 

Duncan 1 Testing

 

 

The Duncan 1 well is scheduled to commence the testing program in two to three weeks. Commencement of testing has been slightly delayed due to the adverse wet weather conditions in Texas and the finalization of key location access agreements which are now well advanced.

 

 

Development drilling

 

Preparations are continuing to enable the start up of development drilling by late October. The first well is planned to drill and test only the high quality shallower pay zones which will be brought onto production immediately on completion and fracture stimulation. Additional development wells will be announced closer to the start dates.

Continuous production is planned to commence around the end of this year.

Timing of field operations are best estimates and are subject to operational, weather and contractual and access agreements.

Yours faithfully

SIMON ASHTON

Managing Director - Strike Oil Limited

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

 

1. Testing will start with the fracture stimulation of the deeper zones first and progressively move up the well bore to the shallower zones. It is intended for testing to proceed for the order of 60 to 90 days with test gas production being sold into the local gas pipeline network.

 

 

null  

47 verschluckt worden. Eigentlich hätte hier ein Bericht zum chinesischen Ölimport (plus 18% seit Jahresbeginn) stehen sollen.

Permanent  

The Sydney Morning Herald

http://www.smh.com.au/news/business/too-many-small-oil-explo…

Already hit it big

" [...] Unlike a lot of the junior petroleum plays, Perth's Strike Oil has already hit it big. A few years back, it banked $23.5 million from selling out of the Casino gas discovery in the Otway Basin off Victoria to a Santos/AWE/Mitsui consortium.
But like a host of other Australian juniors, Strike has since turned its attention to the US.

The US is hardly an underexplored petroleum province. While Australian oil production peaked in 2000, American production reached its peak 30 years earlier and has been declining ever since.

Short of protected areas of Alaska and the ultra-deep waters of the Gulf of Mexico, there probably aren't a lot of big fields waiting to be found in the US.

But that hasn't stopped Australian juniors from looking for profitable small finds in well-known petroleum provinces like Texas, Louisiana, Oklahoma and California.

Strike already has interests in two commercial discoveries in Texas. Now an American joint venture partner is about to start flow testing at the Rayburn gas discovery, which has the potential to hold up to 500 billion cubic feet of gas. Strike will receive about 17 per cent of the revenues after taxes and royalties, which could be worth up to $425 million, or $1.52 a share ( ), depending on the ultimate size of the discovery. The company is seeking to raise up to $10 million from an entitlement issue at 21.5c a share to help expand its production base. [...]"

In den nächsten Wochen sollten wir mehr wissen. Ich habe die KE gezeichnet und darüber hinaus noch Stücke am Markt eingesammelt.

Ein Erfolg von Rayburn mit einer Mrd. Cubic feet Gas wäre sicher der große und erhoffte Durchbruch. Ein Marktwert von $1,52/ Aktie müsste wohl noch auf den heutigen Tag rückgerechnet werden, immerhin ist der Erlös nicht sofort in der Kasse von Strike Oil. Das Strike Oil Management hat aber bewiesen wie professionell man bei der Erschließung als Juniorpartner in Projekten vorgehen kann. Eine super Risikostreuung. Das Management nimmt an der KE in vollem Umfang teil (ein schöner Vertrauensbeweis). Sollt Rayburn tatsächlich der große Wurf sein so wäre Aktienkurse von über einem A$ kurzfristig sicher schnell möglich. Langfristig ist wesentlich mehr drin da die weiteren Projekt ebenso vielversprechend (wenn zum Teil auch noch in den Kinderschuhen steckend) sind.

Zunächst einmal heißt es weiter abwarten.

 

Permanent

 

Ich habe keine klare Abgrenzung im Text vorgenommen.

Die englischsprachigen Textpassagen sind von User gimo211 aus dem WO Forum kopiert.

Die deutschsprachigen Textpassagen sind von mir eingefügt worden.

Entschuldigung für die unklare Abgrenzung.

Permanent