Strike Energy announced that the company has entered into a gas supply option Agreement for 30PJ of gas with Orora, the recently demerged Australasian and Packaging Distribution division of Amcor Limited.
The gas is to be produced by Strike from its Southern Cooper Basin Gas Project centered on the substantial gas resource identified within permit PEL 96.
The option agreement has the following key elements:
Managing Director David Wrench said: “ The Orora Gas Supply Option Agreement is another important milestone in the rapid commercialisation of our substantial gas resource in the Southern Cooper Basin and follows our successful appraisal drilling program completed in December 2013.
“This agreement and our foundation gas sales agreement with Orica demonstrate that Strike is well positioned to play an important part in the gas supply solution required to meet increasing uncontracted demand for gas in Eastern Australia.”
[mappress] LNG World News Staff, January 15, 2014; Image: Strike Energy