Strike Energy Limited (AU:STX) has released an update.
Strike Energy Limited has reported a productive quarter with a 7% increase in gas and condensate sales volumes, leading to a 13% rise in sales revenues, totaling approximately $20 million. The company also announced the discovery of a new gas and condensate accumulation at the Walyering-7 well and has proposed the construction of an 85 MW Peaking Power Plant at South Erregulla to enhance the value of its resources. Additionally, Strike has secured a $153 million financing package to advance its Gas Acceleration Strategy in the Perth Basin.
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