How Strike Energy Hit A Home Run With US Shale Technology

In baseball parlance, it took just one pitch for Strike Energy to hit a homer. The Adelaide-based junior has not only drilled the deepest pure coal seam gas well in the world, but also the deepest horizontal vertical intercept in Australian history.

Fortune favors the bold, and in this instance Strike Energy’s managing director, Stuart Nicholls, showed a conviction for deploying U.S. shale technology backed with Halliburton expertise. The move has spiked the company’s share price nearly 88% since the groundbreaking 2,000-m (6,561-ft) deep Jaws-1 well was declared a resounding success.