Santos Deal a Potential Fly in the Warrego Ointment
Was the Santos announcement on Wednesday that it had struck a new gas supply deal in WA a step up in the battle for control of Warrego Energy?
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Strike Energy Limited
Strike Energy aspires to be the lowest cost onshore gas producer in Australia, in order to ensure affordable and abundant natural gas is available to support the energy transition into a lower carbon future.
Strike will look to achieve its vision through a sequenced and deliberate appraisal and development of its gas assets in Western Australia’s Perth Basin, and in the Cooper Basin in South Australia.
Strike Energy are an independent oil and gas exploration company, which was founded in 1997 and listed on the Australian Stock Exchange in 2004 (ASX: STX).
The Company’s primary focus is the significant gas discovery at West Erregulla, in WA’s Perth Basin, which was a major turning point in the Company’s history.
Spotlight Videos
Strike Energy (ASX: STX) – Webinar Presentation
All Strike Energy Limited Content
News
Beach Left Stranded in Warrego Battle
The Kerry Stokes-backed Beach Energy has abandoned the takeover battle for Warrego, leaving Gina Rinehart’s Hancock Energy seemingly in the box seat.
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Fancy Moves Put Strike Back in the Warrego Mix
Strike Energy has dealt itself back into the battle for Warrego Energy, using some fancy stockmarket dancing to grab a blocking 19.9% stake in the WA-based gas junior.
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Strike Energy (ASX: STX) – Webinar Presentation
Stuart Nicholls - CEO & Managing Director - Strike Energy is a Western Australian Company building an integrated, low-carbon energy and fertiliser business, through its access to Perth Basin gas and geothermal resources.
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Strike Energy aspires to be the lowest cost onshore gas producer in Australia
Presenter - Stuart Nicholls - MD, CEO & Executive Director - Strike Energy aspires to be the lowest cost onshore gas producer in Australia, in order to ensure affordable and abundant natural gas is available to support the energy transition into a lower carbon future.
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Analyst Views
STX – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price increases to $0.34 from $0.27.
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STX – Credit Suisse rates the stock as Outperform
Credit Suisse observes, unlike sector peers which have sustained lower prices and strained balance sheets, Strike Energy has avoided adverse impacts from the pandemic. Growth remains on track with the stock up 50% since pre-pandemic levels in January.
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STX – Credit Suisse rates the stock as Initiation of coverage with Outperform
Credit Suisse initiates coverage on Strike Energy with an Outperform rating and $0.28 target. The main asset is the recent gas discovery, West Erregulla, in the Perth Basin which may enable up to 250TJ/d for domestic gas development.
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