Strike's swift payback on Walyering

Strike Energy has recovered the development cost of its Walyering gas project in the Perth Basin after just eight months, a timeframe the company says is among the fastest in recent history.

The news out of Walyering, which supplies 100 per cent of its gas to the domestic market, means the company has made $30 million on the project since it entered production eight months ago.

Despite calls from Strike and other companies to allow LNG exports from onshore regions to attract development capital, major gas users have argued that this would severely impact domestic gas supply.

Walyering's success challenges the notion that LNG exports are necessary for viable onshore gas projects. Strike remains committed to expanding its gas operations, with plans to bring four new fields online by 2026, despite recent setbacks with the South Erregulla project.

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