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Our earth has two types of resources i.e. renewable and non renewable resources. Renewable resources are the ones which once are used can be reused or get again. For example, water around the earth goes in the atmosphere and then comes back to the earth in form of rain and this cycle continues. In other words it can be said that we do face shortage of clean water and this also due to the fact that we do not take care of our water reservoirs. Same is the case with gases in the atmosphere. They are also regulated by their respective cycles. But as far as the non renewable resources are concerned, these when once consumed cannot be gained again. This includes the coal oil, coal gas and oil gas etc. All these are the types of resources which when used get depleted with every passing day. Every country in the world is trying to discover more and more reservoirs of oil so that the shortage of these reservoirs can be overcome in an appropriate way. Strike energy is one of the leading programs these days which is trying to find out more and more treasures of oil gas. It has been working in the form of joint ventures. It’s one of the ventures with Texas is involved in an exploration drilling program on the sites where it is supposed that more reservoirs can be found. This has same features as there are trends seen in Rayburn and Mesquite fields. This project carries 30% of the working interest in all these prospects. Strike Energy has real wealth of reserves and it continues to find high hydro carbon reserves potential. Success rate of Strike Energy is 60% as per exploration with drilling project is 3 from 5 drills. It has been planning to get more and more reserves. Moreover, it is planning to open two more joint ventures for the next year. Main investment of Strike Energy lies on Australia. In Australia, there have been three main locations where oil gas reserves are supposed to be present i.e. Bowen basin. In the near future, strike energy is planning to drill in southern cooper basin, area 94, area 95 and area 96 etc. In United States, there are also reservoirs which need to be discovered and Strike Energy is planning to find the reservoirs here as well. All such operations are planned to be carried out within USA and they will be administered and operated by its partners with which this company has been operating for a long period of time. This mutual relationship has gained many beneficial prospects and has helped in increasing knowledge as well as deliverance of both the discoveries along with high margin production of the oil gas. If we see towards the success ratio of the Strike Energy, we can say that in the near future we will be successful in getting new treasures of oil gas all around the world. So we must wait and watch that what we shall be getting in the near future.
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