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Strike Energy Limited ( (AU:STX) ) just unveiled an announcement.
Strike Energy Limited has announced a significant downgrade in its gas reserves at the Walyering gas field following an annual review. The company reported a decrease in 1P and 2P sales gas reserves due to production data from FY25, leading to an impairment of oil and gas assets valued between A$85m to A$108m. Additionally, the Walyering-7 well underperformed expectations, impacting overall productivity. Strike plans to drill the Walyering West-1 exploration well in 2026, which could potentially enhance its resource base.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.20 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 a company operating in the energy sector, primarily focused on the exploration and production of gas. The company is involved in the development of gas fields and aims to expand its operations through exploration prospects such as Walyering West.
Average Trading Volume: 6,123,318
Technical Sentiment Signal: Sell
Current Market Cap: A$395.7M
For an in-depth examination of STX stock, go to TipRanks’ Overview page.