Background
The Cooper Basin is Australia’s premier location for evaluation of gas resources due to historical hydrocarbon production, developed infrastructure and existing geologic database, with approximately 630 producing gas wells. Strike’s Southern Cooper Basin Gas Project (PEL 94, 95 and 96) is targeting the gas potential of a series of very thick coals across a large portion of the permits. Strike’s Southern Cooper Basin Gas Project is one of the largest accessible undeveloped onshore East Australian gas resources.

Brief Introduction
Location of oil field
Three of the Cooper Basin permits (PEL 94, 95 and 96) are on the southern flanks of the Cooper Basin.
Distribution and area of oil field
1,796 sq.km.(PEL 96)
Oil field reserves( PEL 96)
Contingent Resource(2C net to STX): 155 BCF
Prospective Resource(net to STX): 4,492 BCF
Exploration and development history
Le Chiffre 1 and Klebb 1 drilled in 2013 both encountered net coal in excess of 100m (110m and 145m respectively) including a single seam 35m thick. The wells were stimulated in 2014, and underwent extended production testing.
Two follow up wells (Klebb 2 and Klebb 3) were drilled in late 2014, stimulated and underwent extended production testing. Klebb 4 (2016) has been stimulated and underwent production testing. Contingent Resource Assessment completed by DeGolyer and MacNaughton in 2015. Klebb 1, 2 and 3 are now undergoing extended production testing. 
The Jaws-1 project wells are being drilled by Halliburton in collaboration with Ensign on the 965. The horizontal well is the second of the two well appraisal campaign designed to prove commercial flow rates of gas and assess the quality of Strike’s Southern Cooper Basin Gas Project in PEL96. The Jaws-1 project drilling program remains on track to complete in April 2018 ready for fracture stimulation.

Change of rights and interests
Strike has a 66.67 percent operating interest in the project, while partner Energy World Corporation holds the remaining 33.33 percent stake.

Company behavior
In April 2015, Strike announced the assessment of a Contingent Resource by independent consulting firm DeGolyer and MacNaughton, which confirms the potential of the gas resource in PEL 96.
In 2016, Strike Energy Announces Southern Cooper Basin Gas Project Operations Update.
In 2017, Strike Energy signs gas supply deal for its Southern Cooper Basin Gas Project. The domestic market is currently 465 petajoules short. This is expected to rise to 600 petajoules by 2021.Strike’s development of the Southern Cooper Basin Gas Project is expected to provide a critical supply of gas into the East Coast market at a time of significant need