Talon Energy Ltd (ASX:TPD) and partner Strike Energy Ltd (ASX:STX) have transitioned to producer status in the Perth Basin of Western Australia with the start of export of commissioning gas from the Walyering gas field.
On September 25, 2023, at 1pm the joint venture began stabilised export of sales gas into the Parmelia Gas Pipeline under its commissioning arrangements with Santos WA Energy Limited.
The operations team of the JV, of which Strike holds 55% and is the operator with Talon holding 45%, will now proceed to ramp up the field’s production rates over the coming week before firm gas sales deliveries commence at the start of October.
“A proud moment”
Talon’s managing director and CEO Colby Hauser said: “First gas at Walyering is a proud moment for Talon and our shareholders.
"Transitioning from explorer to producer has been an important milestone for the business.
"We look forward to working with Strike and supplying firm gas into our gas sales agreement with Santos.”
The sales gas is being sold into the Santos gas sales agreement under its commissioning provisions with firm gas sales to Santos due to commence at the beginning of October.
“A significant milestone”
Strike managing director & CEO Stuart Nicholls said: “The commencement of production from the Walyering gas field marks a significant milestone in Strike’s history.
"The rapid transition from explorer in the Perth Basin in 2019 to a producer is now complete.
"The company is poised to build upon this success through its government-endorsed Perth Basin gas acceleration strategy.
"It has been 10 years since the last operator commissioned a new greenfield domestic gas development in WA, and as such, the Strike team is incredibly proud of this achievement.”