The federal and state governments have awarded Strike Energy with a $2 million grant and streamlined approvals for the company's fertiliser project in the Mid West.
Strike Energy's plan to build a $2.3 billion urea plant at Geraldton has firmed after the company today revealed it was heavily oversubscribed with offtake offers for its projected 1.4 million tonnes of annual production.
Strike Energy shares bounced back from early selling today after investors absorbed an update that detailed short-term drilling delays but longer-term positives for its Perth Basin gas project.
As the big offshore gas projects planned for WA's north face more delays and uncertainty, the prospects for developing onshore gas fields in the Perth Basin get better.
Strike Energy has signed an agreement with ASX-listed Talon Petroleum, which will begin drilling the Walyering appraisal well in the Perth basin next year.
Strike Energy has partnered with the Australian Gas Infrastructure Group (AGIG) to build and operate one of the largest onshore gas facilities in Western Australia in a deal worth more than $200 million.
Oil and gas explorer Strike Energy announced today it has raised $30 million through a share placement and is seeking an additional $5 million through a share purchase plan, primarily to fund the company's exploration and appraisal programs in the Perth Basin.
Flow tests from the deepest well ever drilled in Australia are expected within days, but it has already refocused attention on the oil and gas industry in the Perth basin.
Strike Energy has executed a $5 million sales option with Wesfarmers subsidiary CSBP, for up to 100 petajoules of gas from its half-owned West Erregulla project.
ASX-listed Strike Energy will not receive its federal government research and development tax credits for the 2018 financial year, a week after West Perth-based Northern Minerals was ordered to pay back 50 per cent of its $21.56 million R&D rebate for the same financial year.
