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Strike Energy Limited ( (AU:STX) ) has issued an update.
Strike Energy Limited has released its annual report for the financial year ending June 30, 2025, highlighting several key developments. The company has undergone a leadership transition with the appointment of Peter Stokes as Managing Director & CEO and Tim Cooper as CFO. A strategic review has been completed, focusing on a vertically integrated gas and power strategy. Major milestones include the commencement of construction on the South Erregulla Peaking Gas Power Station and a new gas discovery at Erregulla Deep-1. Despite a net loss after tax due to an impairment at Walyering, the company reported strong financial performance with increased sales revenue and a significant financing package secured. The strategic investment from Carnarvon Energy underscores the potential of Strike’s asset base and future development opportunities, positioning the company as a key player in Western Australia’s energy transition.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.
More about Strike Energy Limited
Strike Energy Limited is an energy company focused on the exploration and development of gas resources. The company operates primarily in the Perth Basin, Western Australia, and is engaged in a vertically integrated gas and power strategy, prioritizing cash-generating and near-term development projects.
Average Trading Volume: 5,755,281
Technical Sentiment Signal: Sell
Current Market Cap: A$364.5M
See more data about STX stock on TipRanks’ Stock Analysis page.