STX strike energy limited

Ann: CEO Transition and Strategic Review, page-173

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    Energy bosses depart

    Strike Energy announced yesterday that long-term chief executive Stuart Nichollshad resigned, would step down from the board immediately, and depart on February 14.

    He will leave a year after the Valentine's Day-eve massacre of Strike's share price when the results of drilling at South Erregulla came in. Until then, the Perth Basin gas outfit's stock was on a bumpy but still upward rise under Nicholls.

    Strike Energy share price under Stuart Nicholls - April 2017 - January 2025 Strike Energy

    The John Poynton-chaired board will launch a strategic review to "investigate a range of ownership and funding alternatives at both a project and corporate level" as it believes the share price undervalues its assets."

    The review team's theme song could perhaps be "How do you solve a problem like MariaGina?"

    Article from Boiling Cold by Peter Milne

 
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