Commenting on the Offer, John Poynton, Chairman of Strike Energy said, “It is an exciting time for Strike Energy to be building a meaningful Perth Basin operated business. The additional exploration potential in the extensions of the Kingia-High Cliff sands sequence is set to be high graded through our near term high-impact drilling at West Erregulla, and has the potential to release further large scale gas opportunities. The Perth Basin continues to show signs of a heavily underexplored hydrocarbon system and the addition of UIL Energy’s acreage will result in Strike being set to influence the Western Australian domestic gas market over the coming decades.This transaction plays to Strike’s strengths of being a low cost and high-impact on-shore exploration and appraisal operator, which makes it an extremely attractive opportunity for both UIL Energy and Strike Energy shareholders alike.The Merged Group will be well capitalised to execute on the Perth Basin strategy whilst continuing to progress the Southern Cooper Basin Gas Project, which is approaching a key milestone in proving commercial success.
Reads well to me
Commenting on the Offer, John Poynton, Chairman of Strike Energy...
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Last
28.0¢ |
Change
0.030(12.0%) |
Mkt cap ! $801.0M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 28.3¢ | 24.5¢ | $7.221M | 26.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 293004 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 820079 | 16 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |