STX - Strike Energy
- Thread starter markor
- Start date
-
- Tags
- strike energy strike oil stx
- Joined
- 26 December 2008
- Posts
- 59
- Reactions
- 0
Re: STX - Strike Oil
Congrats on posting the first post on this stock!!! lol
IMO humble opinion the prospects look very good, as soon as a rig is contracted and all the paperwork is done they can start, have over $1mill to fund after the sale of other stock, so I would keep an eye on this as they are targeting apparently coal seam..........
My partner has asked me to do some research on this stock so will have a look around...........
As always though, highly prospective stock, DYOR!!!!!
Congrats on posting the first post on this stock!!! lol
IMO humble opinion the prospects look very good, as soon as a rig is contracted and all the paperwork is done they can start, have over $1mill to fund after the sale of other stock, so I would keep an eye on this as they are targeting apparently coal seam..........
My partner has asked me to do some research on this stock so will have a look around...........
As always though, highly prospective stock, DYOR!!!!!
Re: STX - Strike Oil
Surprised no one else following this stock.
Some upcoming events:
1. Drilling oil in US
2. Drilling for coal seam gas in AU
Either or will do considerable things for the value of this company.
One of the latest announcements is their AGM presentation which is a really good read.
Surprised no one else following this stock.
Some upcoming events:
1. Drilling oil in US
2. Drilling for coal seam gas in AU
Either or will do considerable things for the value of this company.
One of the latest announcements is their AGM presentation which is a really good read.
Re: STX - Strike Oil
STX announced a new farm out with potential drill results in December - with further results coming in 2010.
This means they will have greater cash flow and can only be a good thing.
Still amazed no one else interested in it.
STX announced a new farm out with potential drill results in December - with further results coming in 2010.
This means they will have greater cash flow and can only be a good thing.
Still amazed no one else interested in it.
McCoy Pauley
Get out of here Budweiser!
- Joined
- 12 November 2009
- Posts
- 616
- Reactions
- 0
Re: STX - Strike Oil
STX's share price hit a new 52 week high during the day's trading (but closed slightly underneath its 52 week high) so obviously some people are interested in it!
STX's share price hit a new 52 week high during the day's trading (but closed slightly underneath its 52 week high) so obviously some people are interested in it!
Re: STX - Strike Oil
Very nice announcement today - a potential doubling of their gas reserves with a mention of potential further trebling.
This gives them a nice boost to their cash flow and will held them get further projects off the ground (ie, the Coopers CSG project in Australia).
Very positive announcement, IMO.
http://www.strikeenergy.com.au/media/2010_02_18_Strike_Makes_US_Gas_Discovery.pdf
STRIKE MAKES US GAS DISCOVERY
Find could double the Company’s reserves
Strike Energy Limited (ASX: STX) is pleased to announce that it has made, what it believes to be, a significant commercial gas discovery at its Gardner Duncan 1 well in the onshore Gulf Coast of the US.
Gas pay zones have been interpreted based upon the wireline logging and mud logging results in the primary objective. The results are in line with pre drilling expectations and the well is now being prepared for production testing to confirm commerciality.
The forward plan is to run casing, install facilities, negotiate gas sales contract and test the well to sales. We estimate this work to take in the range of 4 to 6 weeks.
The Gardner Duncan 1 well is located on the Louise Prospect. Reserves will be determined from production performance of the Gardner Duncan 1 well and future development wells. Strike has a 30% interest in the prospect which is located in Wharton County, Texas, 9 km northwest of the Company’s existing Rayburn Project.
Strike’s share of the prospect has the potential to double the Company’s current reserve position.
Preparations are underway to start drilling the next exploration well in the Gulf Coast. This target is a 100 Bcf scale prospect in the Wilcox Formation. Success with this well could treble Strike’s reserve inventory.
Strike’s Managing Director, Simon Ashton commented that:
“These results are extremely encouraging and add to the outstanding success we are experiencing in the onshore Gulf Coast. We now look forward to the next exploration well which is on a 100 Bcf prospect due to spud later this quarter”.
Page | 2
Strike Energy Limited ABN 59 078 012 745 19 February 2010
Background on Strike Energy
Strike is an active ASX-listed oil and gas exploration and development company with high-margin production from its proven reserves and substantial growth potential from its highly prospective exploration acreage in Australia and the USA.
In the USA, the Company currently produces approximately 700 barrels of oil equivalent per day from its interest in two fields in Texas and is undertaking an ongoing exploration program to expand this successful position.
In Australia, the Company holds an extensive strategic ground position in the Southern Cooper Basin, for coal seam gas and conventional prospects and in the Carnarvon Basin for shallow water oil and gas prospects.
Yours faithfully
SIMON ASHTON
Managing Director
Very nice announcement today - a potential doubling of their gas reserves with a mention of potential further trebling.
This gives them a nice boost to their cash flow and will held them get further projects off the ground (ie, the Coopers CSG project in Australia).
Very positive announcement, IMO.
http://www.strikeenergy.com.au/media/2010_02_18_Strike_Makes_US_Gas_Discovery.pdf
STRIKE MAKES US GAS DISCOVERY
Find could double the Company’s reserves
Strike Energy Limited (ASX: STX) is pleased to announce that it has made, what it believes to be, a significant commercial gas discovery at its Gardner Duncan 1 well in the onshore Gulf Coast of the US.
Gas pay zones have been interpreted based upon the wireline logging and mud logging results in the primary objective. The results are in line with pre drilling expectations and the well is now being prepared for production testing to confirm commerciality.
The forward plan is to run casing, install facilities, negotiate gas sales contract and test the well to sales. We estimate this work to take in the range of 4 to 6 weeks.
The Gardner Duncan 1 well is located on the Louise Prospect. Reserves will be determined from production performance of the Gardner Duncan 1 well and future development wells. Strike has a 30% interest in the prospect which is located in Wharton County, Texas, 9 km northwest of the Company’s existing Rayburn Project.
Strike’s share of the prospect has the potential to double the Company’s current reserve position.
Preparations are underway to start drilling the next exploration well in the Gulf Coast. This target is a 100 Bcf scale prospect in the Wilcox Formation. Success with this well could treble Strike’s reserve inventory.
Strike’s Managing Director, Simon Ashton commented that:
“These results are extremely encouraging and add to the outstanding success we are experiencing in the onshore Gulf Coast. We now look forward to the next exploration well which is on a 100 Bcf prospect due to spud later this quarter”.
Page | 2
Strike Energy Limited ABN 59 078 012 745 19 February 2010
Background on Strike Energy
Strike is an active ASX-listed oil and gas exploration and development company with high-margin production from its proven reserves and substantial growth potential from its highly prospective exploration acreage in Australia and the USA.
In the USA, the Company currently produces approximately 700 barrels of oil equivalent per day from its interest in two fields in Texas and is undertaking an ongoing exploration program to expand this successful position.
In Australia, the Company holds an extensive strategic ground position in the Southern Cooper Basin, for coal seam gas and conventional prospects and in the Carnarvon Basin for shallow water oil and gas prospects.
Yours faithfully
SIMON ASHTON
Managing Director
Re: STX - Strike Oil
Anny out today, finalisation of Cadleo with a rejection of offer being the end of it.
Positive that STX management have assessed the opportunity and decided not to go with it.
This should have a positive effect on the share price as it seems the market was not happy with the company having anything to do with the Cadleo project.
Anny out today, finalisation of Cadleo with a rejection of offer being the end of it.
Positive that STX management have assessed the opportunity and decided not to go with it.
This should have a positive effect on the share price as it seems the market was not happy with the company having anything to do with the Cadleo project.
- Joined
- 11 January 2013
- Posts
- 3
- Reactions
- 0
Update for 2013? Anyone else reckon that this stock is gonna shoot up this year to around $0.30 a share? Assets exceed liabilities, PB book rating is good and their management is effective. What do you guys think?
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
That is more than a 100% gain. What makes you think that management can deliver 100% returns when the stock has never ever been above 25c?
What earnings do they have? If you are quoting book value etc then they need to have earnings to make those stats worth anything
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
prawn,, the stock has this cooper basin holding bigger than beach
very soon they will deliver an announcement on that, which will be a funded well program for the cooper.
once that happens the share will go way way over .25
Chevron says it will spend as much as $US349 million earning a 60 per cent stake in two Cooper Basin permits that operator Beach Energy believes are highly prospective for shale gas.
In doing so, Chevron becomes the latest multi-national oil and gas giant to be attracted to Australia's potential for unconventional hydrocarbon riches.
Both the Beach permits - one in South Australia, the other in Queensland - are near Moomba and existing pipeline infrastructure to east coast markets including Sydney and the Gladstone home of Queensland's three coal seam LNG processing plants..
with massive money being thrown in at cooper basin,, strike is the last microcap yet to partner with a multinational
with strike being the only option for east coast gas supply post 2015, its fairly easy to say the deal going ahead with strike is a no brainer.
beach is about 1.4 bill
strike 52 mill
imho .25 will be blitzed on a the way to way way higher numbers
cheers
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
expect cooper news in july, also palta news..
woller well is drilling a lateral now... so the efs result will be known in july aslo
huge july for stx
ready for the ride?
woller well is drilling a lateral now... so the efs result will be known in july aslo
huge july for stx
ready for the ride?
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
there is comment that the massive palta discovery well will complete in next 2 weeks, and i have seen comment that its viewed very positively.
cooper must be close
woller in the efs is drilling a lateral also, and the permian well is drilling away
some huge news stops are only moments away imho
cooper must be close
woller in the efs is drilling a lateral also, and the permian well is drilling away
some huge news stops are only moments away imho
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
35% gain in 12 days with no announcements made as yet!!
strike has 4 announcements to make in the next few days/weeks
1/ Palta offshore exmouth
2/ Eagleford shale fayette county texas, EFS Wolter 1h.
3/ Permian basin vertical
4/ Cooper basin deals
3 of the 4 are high impact, with the palta and cooper really having potentially massive upsides..
best of luck to all holders. speculation money is driving it on right now..
strike has 4 announcements to make in the next few days/weeks
1/ Palta offshore exmouth
2/ Eagleford shale fayette county texas, EFS Wolter 1h.
3/ Permian basin vertical
4/ Cooper basin deals
3 of the 4 are high impact, with the palta and cooper really having potentially massive upsides..
best of luck to all holders. speculation money is driving it on right now..
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
now the fun begins
nice...
$52 mill deal on a company valued at $60 mill
could bounce a little
ASX Announcement
ORICA AND STRIKE ENERGY SIGN BINDING TERM SHEET FOR UP TO 150PJ OF GAS STRIKE ENERGY TO UNDERTAKE A RAPID EVALUATION PROGRAM TO COMMERCIALISE ITS PROSPECTIVE GAS RESOURCE IN COOPER BASIN PERMIT PEL 96
Highlights:
• 20 year supply for up to 150PJ
• Orica a foundation customer of the project
• Subject to milestones being achieved Orica to make pre-payments towards future gas deliveries to fund pilot test work and development expenditure.
Orica Australia Pty Ltd (ABN 99 004 117 828) (“Orica”), a subsidiary of Orica Limited (ASX:ORI) and Strike Energy Limited (ABN 59 078 012 745) (“Strike” - ASX:STX) have entered into a binding term sheet for the supply of up to 150 PJ of gas to be produced by Strike from PEL 96 (Strike 66.67% and operator; Energy World Corporation Ltd (ASX:EWC) 33.33%).
The agreement is an innovative risk-sharing arrangement designed to facilitate the evaluation and commercialisation of a large prospective gas resource (2.7 – 6.3Tcf gas net to Strike) defined within PEL 96 which forms part of Strike’s larger Southern Cooper Basin Gas Project (PELs 94,95 & 96) in South Australia.
To secure its gas offtake Orica can elect to make up to $52.5 million of gas pre-payments as Strike achieves appraisal and development milestones.
nice...
$52 mill deal on a company valued at $60 mill
could bounce a little
ASX Announcement
ORICA AND STRIKE ENERGY SIGN BINDING TERM SHEET FOR UP TO 150PJ OF GAS STRIKE ENERGY TO UNDERTAKE A RAPID EVALUATION PROGRAM TO COMMERCIALISE ITS PROSPECTIVE GAS RESOURCE IN COOPER BASIN PERMIT PEL 96
Highlights:
• 20 year supply for up to 150PJ
• Orica a foundation customer of the project
• Subject to milestones being achieved Orica to make pre-payments towards future gas deliveries to fund pilot test work and development expenditure.
Orica Australia Pty Ltd (ABN 99 004 117 828) (“Orica”), a subsidiary of Orica Limited (ASX:ORI) and Strike Energy Limited (ABN 59 078 012 745) (“Strike” - ASX:STX) have entered into a binding term sheet for the supply of up to 150 PJ of gas to be produced by Strike from PEL 96 (Strike 66.67% and operator; Energy World Corporation Ltd (ASX:EWC) 33.33%).
The agreement is an innovative risk-sharing arrangement designed to facilitate the evaluation and commercialisation of a large prospective gas resource (2.7 – 6.3Tcf gas net to Strike) defined within PEL 96 which forms part of Strike’s larger Southern Cooper Basin Gas Project (PELs 94,95 & 96) in South Australia.
To secure its gas offtake Orica can elect to make up to $52.5 million of gas pre-payments as Strike achieves appraisal and development milestones.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,462
- Reactions
- 4,500
Strike Energy seeing some much needed love today.
Strike has broken the downtrend that began in late 2015 and ended in early May. I expect that it will face waves of selling as it moves up as long term holders look to exit. However, today's news is very positive and may set the stage for further share price gains as long as the good news keeps coming.
Strike has broken the downtrend that began in late 2015 and ended in early May. I expect that it will face waves of selling as it moves up as long term holders look to exit. However, today's news is very positive and may set the stage for further share price gains as long as the good news keeps coming.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,462
- Reactions
- 4,500
Nice uptrend forming for Strike Energy. Worth keeping an eye on to see if it can hold and break above two year highs of 12c.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,462
- Reactions
- 4,500
And she's away! Strike Energy breaking out, currently trading at 14.5c with an intraday high of 16c. The last time STX held above 15c was back in late 2012.
- Joined
- 24 October 2005
- Posts
- 1,302
- Reactions
- 834
STX is another buy signal from my main momentum system for today. I've traded it a couple of times this month, most recently hitting a profit target at yesterday's close and exited at today's open. Momentum has continued today and it's a 100% mechanical system so I'll re-enter again tomorrow.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,462
- Reactions
- 4,500
Strike Energy has been consolidating between 11c and 15c for the last three and a half months. Today it has gapped up and is currently trading at 14c, towards the upper end of that range. It is beginning to look like a potential breakout to me, it just needs more volume and a convincing break through 15c.
The share price has held up well recently, so a break through resistance is definitely on the cards if there is a catalyst to give STX some momentum.
The share price has held up well recently, so a break through resistance is definitely on the cards if there is a catalyst to give STX some momentum.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,462
- Reactions
- 4,500
Strike Energy hit sustained gas at West Erregulla 2 last night.
The company said in today's announcment that it does not have sufficient information on pressures, permeability, flow rates or porosity to fully evaluate the interval until it runs the required wireline logs for formal evaluation of the initial results.
The news has seen the STX share price spike hard on heavy volume and it is currently up 43.75% to 9.2c. The price action makes me think it could hit 10c before today's close.
The company said in today's announcment that it does not have sufficient information on pressures, permeability, flow rates or porosity to fully evaluate the interval until it runs the required wireline logs for formal evaluation of the initial results.
The news has seen the STX share price spike hard on heavy volume and it is currently up 43.75% to 9.2c. The price action makes me think it could hit 10c before today's close.
