Australian (ASX) Stock Market Forum

STX - Strike Energy

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Oil and gas junior Strike Energy has unveiled plans for a $2.3 billion fertilisers venture in Western Australia, taking advantage of its abundance of low-cost gas discovered in the Perth Basin and involving also the production of green hydrogen.

The project, called Haber, is to be based at Geraldton on the WA mid-west coast, and will involve partnerships for equity stakes and for sales of ammonia and urea produced at the plant.

• Project Haber will secure more than 628 PJ of additional demand for Strike’s low-cost Perth Basin gas and will support the commercialisation of the Greater Erregulla gas resources.
• Strike has completed feasibility studies with TechnipFMC on a national scale 1.4 mtpa urea facility with a blended input of some blue and green hydrogen.
• Development WA have approved for award to Strike an option to lease over 60 hectares of strategically positioned land near Geraldton with existing port, rail and road access.
• Urea production will consume the majority of carbon from the gas stream and will enable partial chemical sequestration of the project’s carbon output

1610341064264.png
 
STX is pleased to announce that it has delivered its maiden Perth Basin gas reserve only 24 months after its first exploration operations in the Basin. [ Gas prices near all time highs. ]

The market immediately indicates that it's pleased to sell STX down the drain. Not interested in this falling knife.

stx1210.PNG
 
Miner said:
View attachment 133824


Could the drilling result be turning around lady luck on Tuesday for the holders and punters ?
Before TH, the announcements on 24 and 29 Nov were positive
PE is high compared to CVN
View attachment 133825


DNH
Click to expand...
Took a punt on STX today with the Haber update Ann. Hopefully this is the start of the up trend after being sold off since September. In at 20c
 
Just noticed that STX has doubled in price in the last few months, up from 14.5c to 29c. With the oil price at highs and good news coming through from the company's South Erregulla target, a perfect storm could be developing for STX. More upside to come in the short term?
 
STX has lost its continuous surge for some time.
But interestingly Nev Power spent some $1.2 M to buy 400000 shares at 30 cents and John Poynton paid 29.5 cents to buy half a million shares . .
Both the directors have the capacity to play high stakes at Casino by throw the dice but in this instance hopefully the money spent with good thoughts for sure.
If there was a CR then price would have gone up before announcement.
Thinking seriously to punt with STX on April Competition.



1647851834570.png
 
Miner said:
STX has lost its continuous surge for some time.
But interestingly Nev Power spent some $1.2 M to buy 400000 shares at 30 cents and John Poynton paid 29.5 cents to buy half a million shares . .
Both the directors have the capacity to play high stakes at Casino by throw the dice but in this instance hopefully the money spent with good thoughts for sure.
If there was a CR then price would have gone up before announcement.
Thinking seriously to punt with STX on April Competition.



View attachment 139303
Click to expand...
Forgot to put a punt in March and April competition.
Executed a small order of STX however as a non believer. But it is looking good on portfolio since then
In few minutes market will show its reaction on this news on the prices of AGL and STX (hopefully only couple of cents only)

 

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Good afternoon
STX trading halt. Capital raising exercise. Interesting. Mind is moving forward at 100 miles an hour. See what it says when published, obviously ... :) Wondering how much coin they want and exactly what for?? Dilution v progress and financial viability ha ha ha ha.
rcw1 holding. One stock have kept for the long haul. Cashed in prior to last Capital Raise, not this time though. Had many chances to sell but held back ... will rcw1 or won't rcw1. Oh the joy of it. Probably should have.... buttttttt, bottom draw caper for this little rocket.

Kindly conduct your own due diligence.

Have a very nice evening.

Kind regards
rcw1
 
rcw1 said:
Good morning
Nice announcement today Re: WE3


Kind regards
rcw1
Click to expand...
@rcw1
I can gauge you are very happy with your decision to avoid temptation to sell STX earlier.
Who knows after CR the price may come down that it could mean, the deferment would not been a good decision.
No worry, I have the same issue . So joining the club

BTW, you gave the same challenge to us which i inadvertently gave earlier :)
your link could not be opened :) :)
STX announcement attached
 

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  • STX ANNOUNCEMENT.PDF
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Good morning Miner,
The other STX announcement yesterday was a good read:

• Strike has secured a $6 million agricultural finance facility from Rabobank to support the acquisition of the ‘Precinct’;
• Marketing to developers, owners and operators of the Precinct’s renewable energy and carbon farming development opportunities has commenced; and
• The WA Government’s decision to exit coal fired power has substantially increased the attractiveness of the renewable energy development at the Precinct, with the opportunity to support the State’s decarbonisation plan via the upsizing of the development and exporting power to the State’s grid.

themarketherald.com.au

Strike Energy (ASX:STX) secures $6m agricultural finance facility to acquire the Precinct

Strike Energy (ASX:STX) has secured a $6 million agricultural finance facility from Rabobank to acquire the Precinct.
themarketherald.com.au themarketherald.com.au

Have a good day, today.

Kind regards
rcw1
 
themarketherald.com.au

Strike Energy (ASX:STX) takes another step forward at South Erregulla, WA

Strike Energy (ASX:STX) has further progressed testing operations at its South Erregulla gas discoveries in Western Australia.
themarketherald.com.au themarketherald.com.au
Strike Energy (STX) has further progressed testing operations at its South Erregulla gas discoveries in Western Australia.

The company has now ticked new steps off its list, having rigged up the test spread and subsequently executed 21 metres of perforations across the Wagina Sandstone between 4176 metres and 4200 metres measured depth.
 
Good morning STX believers
Announcement today (19/10/22) re Walyering EP447 JV where Strike is the operator and owner of a 55% equity interest, with Talon Energy Limited (ASX: TPD) the owner of the remaining 45%.

First gas sales are targeted for Q1/23 with the gross cost of the production facility estimated at approximately $14.4 million.

Have a very nice day today.

Kind regards
Rcw
 
First up,
Strike Energy Limited (ASX: STX) refers to the Warrego Energy Limited (ASX: WGO) ASX announcement this morning dated 10 November 2022. In order to keep the market fully informed, Strike confirms that on 16 September 2022 it submitted a confidential, non binding indicative all scrip merger proposal to the Warrego Board.
Click to expand...

................. OK, everyone wants to have some Erragulla action

so, after close today:
Warrego Energy Limited wishes to advise that it has received a non binding indicative offer from Beach Energy Limited (BPT) under which Beach would acquire all of the shares in Warrego via a scheme of arrangement.
Click to expand...

Warrego holds a 50% interest in EP469, including the West Erregulla gas project, and 100% of EPA0127. .... and I guess Strike and Beach want in.

...Strike has a Market cap of $540M, and BPT has a M/C of $3.87B . Hmmmm
 
Dona Ferentes said:
First up,


................. OK, everyone wants to have some Erragulla action

so, after close today:


Warrego holds a 50% interest in EP469, including the West Erregulla gas project, and 100% of EPA0127. .... and I guess Strike and Beach want in.

...Strike has a Market cap of $540M, and BPT has a M/C of $3.87B . Hmmmm
Click to expand...
rcw1 holds a shi- load of STX shares. Pretty much half holding is acquired via 'free carry'. This is only stock held for investment purposes. Done some extensive due diligence on STX way back. Thoughts are same as they were back then.

Luv to be a fly on the wall in the board rooms. Interesting times. A number of possible outcomes. See what transpires. All going well could be a blessing in disguise. ? Might get to move the lots before anticipated.

Have a very nice weekend, Donna Ferentes.

Kind regards
rcw1
 
would BPT be happy with less than 100% of WGO , because i wouldn't bet on STX offloading it's 7.63% for cash

and i would think SOME WGO holders would prefer a scrip deal ( the STX offer )
 
divs4ever said:
would BPT be happy with less than 100% of WGO , because i wouldn't bet on STX offloading it's 7.63% for cash

and i would think SOME WGO holders would prefer a scrip deal ( the STX offer )
Click to expand...
Hi divs4ever,

If STX gets an offer then one would assume their joint venture partner TPD would also rise
Mitsui may bid. Who knows ...

www.mitsui.com

Our Business - Mitsui & Co. (Australia) Ltd.

360°business innovation. Mitsui & Co. (Australia) Ltd.
www.mitsui.com www.mitsui.com

So if STX share goes up the value of the offer goes up at the same time ; .75 of stx share @ 24c values the offer to WGO holders at 19c a share.

Kind regards
rcw1
 
rcw1 said:
Hi divs4ever,

If STX gets an offer then one would assume their joint venture partner TPD would also rise
Mitsui may bid. Who knows ...

www.mitsui.com

Our Business - Mitsui & Co. (Australia) Ltd.

360°business innovation. Mitsui & Co. (Australia) Ltd.
www.mitsui.com www.mitsui.com

So if STX share goes up the value of the offer goes up at the same time ; .75 of stx share @ 24c values the offer to WGO holders at 19c a share.

Kind regards
rcw1
Click to expand...
sorry not real good english, but gotta hit the frog and toe, some punting and drinking to dooooooooooooooo
 

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