Strike Energy Limited ( (AU:STX) ) has issued an announcement.
Strike Energy Limited reported a strong operational performance in its half-year financial results for FY25, with significant milestones including the final investment decision for the South Erregulla gas power station and a major gas discovery at Erregulla Deep-1. The company generated $35.8 million in sales revenue from gas and condensate production, maintaining low production costs. Despite a reported underlying loss after tax, the company is advancing its Gas Acceleration Strategy, supported by a financing package from Macquarie Bank, and is poised to capitalize on opportunities presented by Western Australia’s relaxed export ban.
More about Strike Energy Limited
Strike Energy Limited operates in the energy sector, focusing on the exploration and production of gas and condensate. The company is involved in developing infrastructure for gas power stations and is positioned to benefit from Western Australia’s updated Domestic Gas Policy, which allows for the export of a portion of its natural gas production.
YTD Price Performance: -7.14%
Average Trading Volume: 4,186,919
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$559M
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