Good morning
STX latest announcement (s) and stuff:
Strike Energy boss Stuart Nicholls says the company is in a "unique position" to capture a larger portion of the West Australian gas market. The company has launched its fully-funded gas acceleration strategy targeting up to four sources of gas production to come online by the end of 2025, starting with Walyering in the second quarter.
"The company is very well capitalised post the most recent round of Perth Basin consolidations and is positioned to capture a large portion of the increasingly attractive WA gas market via its recently announced gas acceleration strategy," managing director and CEO Stuart Nicholls said. “Next quarter Strike should be reporting its first operating profits from the Walyering gas field and preparing for a high impact drilling campaign which could see the company emerge as the largest holder of Reserves in the Perth Basin.” [nice]
During the quarter Strike closed its off-market takeover bid for Warrego Energy, choosing to accept Hancock Energy’s cash offer of $0.36 per share – netting $136m. Strike said it also executed the facility documentation with Macquarie Bank Limited for the $153m secured domestic gas financing package on revised and improved terms.
It finished the quarter with a cash balance of $143m and $47m of undrawn debt taking its total available funding position to $190m.
Prior to today, STX SP had retraced from the lofty heights of $0.55. Not concerned.
Holding.
Have a happy Friday and May Day long weekend.
Kind regards
rcw1
STX latest announcement (s) and stuff:
Strike Energy boss Stuart Nicholls says the company is in a "unique position" to capture a larger portion of the West Australian gas market. The company has launched its fully-funded gas acceleration strategy targeting up to four sources of gas production to come online by the end of 2025, starting with Walyering in the second quarter.
"The company is very well capitalised post the most recent round of Perth Basin consolidations and is positioned to capture a large portion of the increasingly attractive WA gas market via its recently announced gas acceleration strategy," managing director and CEO Stuart Nicholls said. “Next quarter Strike should be reporting its first operating profits from the Walyering gas field and preparing for a high impact drilling campaign which could see the company emerge as the largest holder of Reserves in the Perth Basin.” [nice]
During the quarter Strike closed its off-market takeover bid for Warrego Energy, choosing to accept Hancock Energy’s cash offer of $0.36 per share – netting $136m. Strike said it also executed the facility documentation with Macquarie Bank Limited for the $153m secured domestic gas financing package on revised and improved terms.
It finished the quarter with a cash balance of $143m and $47m of undrawn debt taking its total available funding position to $190m.
Prior to today, STX SP had retraced from the lofty heights of $0.55. Not concerned.
Holding.
Have a happy Friday and May Day long weekend.
Kind regards
rcw1