Past year: ▼ 5%(9.70c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2025quarterly activities report● Neutral
September quarter: 15 of 20 South Erregulla engines delivered, project 56% complete, still targeting 1 October 2026. Cash rose to $105.1m after Carnarvon funds. Walyering compression slipped to end January 2026; Walyering West-1 spud targeted mid-February 2026, subject to rig.
29 Oct 2025regulatory community update▼ BadMajor
Triangle Energy (TEG) has sued Strike's subsidiary Talon (L7) in the WA Supreme Court over its withdrawal from the L7 joint operating agreement and farmout obligations, claiming $3,838,780 damages. Strike will defend. This turns the open L7/EP437 exit costs thread into a dispute.
28 Oct 2025other● Neutral
Notice of a webinar on the September quarter report, due 29 October 2025, hosted by CEO Peter Stokes and CFO Tim Cooper. Administrative; no business substance.
14 Oct 2025regulatory community update▲ Good
South Erregulla: first 12 of 20 engines have arrived and the South Erregulla-1 workover is complete, with first generation still targeted by 1 October 2026. Capacity credit revenue expected at about $18.4m in year one and $30.7m in year two, before energy sales.
29 Sept 2025annual report● Neutral
2025 Annual Report: sales revenue about $73m and Carnarvon's investment executed after year end. Reserves and resources shown for 2P and 2C, but the numbers are only partly readable. Most content repeats the results announcement.
29 Sept 2025other● Neutral
Annual Corporate Governance Statement for FY25, saying Strike complied with ASX recommendations unless otherwise indicated. Administrative; no new business information.
29 Sept 2025half year report▼ BadMajor
FY25 results: sales revenue $72.7m (FY24 $45.6m), underlying EBITDA $41.6m, operating cash inflow $42.6m. Net loss after tax $157.3m includes a $103.3m Walyering impairment, confirming the earlier $85m-$108m estimate. Cash at 30 June was $41.1m.
29 Sept 2025admin correction● Neutral
Appendix 4G, the standard checklist pointing to Strike's corporate governance disclosures for FY25. Administrative filing with no business substance.
25 Sept 2025capital raising announcement▲ GoodMajor
Tranche 2 of the Carnarvon placement and the share purchase plan completed: 300.4m new shares at $0.12 raised $36.0m, ($34.3m from Carnarvon, $1.7m from the plan). Funds go to South Erregulla, West Erregulla, Walyering West and Ocean Hill wells. Resolves the Carnarvon open thread.
What it means for a shareholder
300m new shares at A$0.120 to raise about A$36.0m. That's 8.3% dilution: every existing holder's slice gets 8.3% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.000252% to 0.000231% of the company. To keep it you'd need 756 more shares - about A$91 at the issue price.
Create a free account to see this worked out for your own holding.
16 Sept 2025agm notice● Neutral
Strike's 2025 AGM will be held on 13 November 2025. Director nominations must be received by 24 September 2025. Administrative notice only.
11 Sept 2025other▲ Good
All three EGM resolutions passed: ratifying Tranche 1 shares (91.1% for), approving Tranche 2 shares (89.2% for) and the share purchase plan (95.9% for). This clears the way for the rest of the Carnarvon investment.
11 Sept 2025other● Neutral
Chair's address to the EGM backing the Carnarvon investment of about $89m. Poynton acknowledges the Walyering reserves downgrade hit sentiment, saying the placement came before the full extent was known. Walyering West well is now described as planned for Q1 2026.
10 Sept 2025investor presentation● Neutral
Conference presentation; only a fragment is readable, repeating the target of a West Erregulla final investment decision in 2H 2026. No new information is readable.
27 Aug 2025resource reserve update● NeutralMajor
RISC certified Ocean Hill 2C contingent resources at 180 PJ (down from 306 PJ) plus 190 PJ unrisked prospective resource. New Ocean Hill South structure adds 678 PJ unrisked prospective. Ocean Hill-2 now targeted 2H CY2026, depending on rigs and Strike's capital position.
19 Aug 2025resource reserve update▼ BadMajor
Walyering reserves cut: 2P sales gas falls to 13.6 PJ from 38.5 PJ, 1P to 11.2 PJ from 23.2 PJ. Walyering-7 well performed very poorly. Impairment of $85m-$108m plus $19m deferred tax expected. About 24 PJ is contracted, leaving a shortfall; Walyering West well planned 1H CY2026.
12 Aug 2025agm notice● Neutral
Notice of an Extraordinary General Meeting on 11 September 2025, hybrid in Perth and online. Shareholders will vote on the Carnarvon placement and share purchase plan. Only the cover letter is readable; resolutions are inferred from the earlier Carnarvon deal, not stated here.
12 Aug 2025capital raising announcement● Neutral
Letter offering eligible shareholders up to $30,000 each of new shares at $0.12 (25% below the 18 July close) in the share purchase plan, opening 12 August and closing 18 September 2025. Funds go to South Erregulla, West Erregulla and Ocean Hill.
8 Aug 2025capital raising announcement● Neutral
Updated timetable for the share purchase plan. Only footnotes are readable: up to $5m of oversubscriptions may be accepted, and tranche 2 shares would be issued after the plan if approved. Dates are not readable.
4 Aug 2025director officer appointment● Neutral
Board changes following the Carnarvon investment. Only a header line is readable, so the specific changes are not shown (inference: likely Carnarvon's board nominee right).
30 July 2025quarterly activities report● Neutral
June quarter: receipts $18.8m, operating cash flow $11.9m, cash $41.1m (up from $22.3m). Borrowings drawn $79.9m of $115m facilities. Notes record notice of withdrawal from L7/EP437 and a revised South Erregulla capital expenditure forecast. Most text unreadable.
29 July 2025other● Neutral
Notice of a webinar on the June 2025 quarterly report, due 30 July 2025, hosted by CEO Peter Stokes and CFO Tim Cooper. Administrative; no business substance.
25 July 2025capital raising announcement● Neutral
Notice on completion of Tranche 1 of the Carnarvon placement. Only footnotes are readable: the share purchase plan can take up to $5m of oversubscriptions, and tranche 2 shares would be issued after the plan if approved.
22 July 2025investor presentation● Neutral
Presentation supporting the Carnarvon placement of up to $88m and share purchase plan of up to $10m. Only the disclaimer is readable; no new figures are shown beyond the earlier announcement.
22 July 2025capital raising announcement▲ GoodMajor
Carnarvon Energy will invest up to $88m at $0.12 per share (19.7% discount to 10-day average) for up to 19.9% of Strike, becoming largest shareholder. Tranche 1 is about $52m; tranche 2 needs shareholder approval. A share purchase plan of up to $10m is also planned.
22 July 2025capital raising announcement● Neutral
Carnarvon's side of its investment in Strike: up to about $89m at $0.12 per share for up to 19.9%, with a board nominee right, 12-month escrow and standstill. Carnarvon drops its planned capital return. Repeats Strike's announcement.
27 June 2025investor presentation● Neutral
Strike will host a webinar on 1 July 2025 with CEO Peter Stokes, Chair Poynton and CFO Cooper to discuss the strategic review outcomes, following strong shareholder interest. Administrative notice; no new business information.
26 June 2025other● NeutralMajor
Strategic review completed under new CEO Peter Stokes. Strike will deliver the 85 MW South Erregulla plant by 1 October 2026, progress the 87 TJ/d West Erregulla development with Hancock, seek partners for Ocean Hill and Kadathinni, and exit L7/EP437 and geothermal.
20 June 2025farm in farm out completion● NeutralMajor
Triangle says Strike and Echelon have given notice they are withdrawing from L7 and EP437 and will not fund the third well. Triangle will seek new partners. This ends Strike's 25% involvement after two dry holes; costs still under discussion.
4 June 2025director officer appointment● NeutralMajor
Announcement of a Managing Director and CEO appointment; the text is not readable beyond bullet markers. The later strategic review release names Peter Stokes as Managing Director and CEO, resolving the CEO search (inference from that release).
7 May 2025resource reserve update▲ GoodMajor
Interpretation of the Ocean Hill 3D seismic (EP495, 100%) shows multiple well locations and possible upside to the 306 PJe contingent resource; a 3-well appraisal is expected. Kadathinni (EP503) now has prospective resources of 385 PJ best estimate; Tathra-1 targeted drill-ready in 2026.
