STX
Director Trades
| Date | Director | Value |
|---|---|---|
| N. Power | $486,000 | |
| Neville Joseph Power | $60,000 |
Company News
Strike Energy and Carnarvon Energy to Join Forces in WA Oil and Gas Sector Shake-up
The Western Australian oil and gas sector looks set for a major reorganisation with two of its leading players proposing a strategic partnership. Onshore Perth Basin specialist Strike Energy (ASX: STX) and offshore oil and gas discoverer Carnarvon Energy (ASX: CVN) have entered into an agreement under which Carnarvon will make an investment of as […]
Triangle Energy Global spuds Becos-1 exploration well in WA’s Perth Basin
Triangle Energy Global (ASX: TEG) has spudded its much-anticipated Becos-1 exploration well in Western Australia’s Perth Basin. Triangle, with a 50% stake and as operator, is drilling the well on behalf of the EP 437 joint venture with Strike Energy (ASX: STX) and Echelon Resources (ASX: ECH), each of which holds a 25% interest. “We […]
WA government lifts export ban on onshore gas, opening door for Perth Basin LNG
The Australian oil and gas industry has welcomed changes to the controversial Western Australia Domestic Gas policy, opening the door for gas to be exported as LNG from Perth Basin fields. The WA government has removed the export ban for onshore gas production by allowing the export of up to 20% of total production volumes […]
Strike Energy expands eastern Perth Basin gas play with major Erregulla Deep-1 discoveries
Strike Energy (ASX: STX) has made a pair of high-quality, low-impurity gas finds with the drilling of the Erregulla Deep-1 exploration well in Western Australia. Erregulla has opened up a deep play in an area where Strike has a significant position in the eastern section of WA’s onshore Perth Basin. Managing director and chief executive […]
Strike two: the second round of WA’s gas game
Natural gas is not for every investor but as a money maker it can be hard to beat, especially in a hothouse market created by strong demand, limited supply, potential takeover action, the promise of discovery — and the unexpected interest of iron ore billionaire Andrew Forrest. The place where most of those factors intersect […]
Strike Energy might be the next target in WA’s billionaire gas game
The battle of the billionaires for control of Warrego Energy (ASX: WGO) in Western Australia’s gas-rich North Perth Basin is heading towards a showdown but the war is likely to continue because Warrego might not be the main game. A second and bigger battle could follow with Strike Energy (ASX: STX), one of the current […]
Australian billionaires are investing in energy
Invest like the rich is advice, which nearly always works, because most rich people have a knack for growing their fortunes – something small investors can learn from the latest financial adventures of three mining billionaires. Amassing a collective fortune of more than $65 billion, Gina Rinehart, Andrew Forrest and Chris Ellison have generated the […]
Beach Energy nabs Warrego Energy in $250 million takeover
Beach Energy (ASX: BPT) has come out the winner in a takeover battle with fellow gas player Strike Energy (ASX: STX) by luring Warrego Energy (ASX: WGO) with a $246 million offer. Beach, the bigger of the two bidders, today announced it has inked a scheme implementation deed to acquire all of Warrego’s issued shares […]
Vintage Energy and JV partners enter rig sharing deal with Strike Energy
Joint venture partners Metgasco (ASX: MEL), Vintage Energy (ASX: VEN) and private company RCMA Australia have entered a rig sharing contract with fellow oil and gas explorer Strike Energy (ASX: STX) with a view to drill the Cervantes-1 well next year. Cervantes-1 is an onshore oil exploration well proposed to be drilled in Western Australia’s […]
West coast gas sector heats up as companies rush North Perth Basin
Politically incorrect as it might be to invest in oil and gas there is a yawning value gap opening between share prices and a record international price for natural gas, with a bonus in the form of a takeover rush for producers and explorers. The top end of the Australian oil patch has attracted most […]
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