9 May 2024investor presentation● Neutral
Macquarie conference presentation by the CEO. Only the disclaimer text is shown, with no new figures or results.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Apr 2024regulatory community update▲ Good
The 256 km² Ocean Hill 3D seismic survey finished on schedule and under budget, over the field's 306 PJe 2C contingent resource. The 479 km Kadathinni 2D survey has started, targeting over 100 km² of Permian closure. This will help site an Ocean Hill appraisal well.
18 Apr 2024drilling scheduled● Neutral
New Zealand Oil & Gas re-released Triangle's news that the Booth-1 rig is signed and approvals are in hand, with drilling from late June 2024. NZO's net cost is A$4.55m. It confirms Strike holds 25%. No new information for Strike.
18 Apr 2024drilling scheduled▲ Good
Triangle, operator of L7, signed the Ventia 106 rig to drill Booth-1 in late June–July. Strike holds 25% of the permit. Booth's best-estimate prospective gas resource is 279 Bcf gross. Becos is planned for the September quarter.
28 Mar 2024security holder rights change● Neutral
Strike will buy back unmarketable parcels (2,083 shares or less) at $0.24 per share. 1,569 holders with 2,034,041 shares (0.07% of the register) are eligible, at a total cost of about $488,170. Holders can opt out by 9 May 2024.
12 Mar 2024investor presentation● Neutral
Text not readable.
12 Mar 2024material agreement▲ Good
Strike signed a 2-year transport deal with APA to send up to 10 TJ/d from Walyering into the DBNGP pipeline from late 2024, opening a larger market. Walyering hit 34 TJ/d on 6 February 2024, with instantaneous rates equal to 38 TJ/d; A-Sand production is tracking its 2P case.
28 Feb 2024half year report● Neutral
Half-year report to 31 December 2023. Walyering began producing in the first quarter, with 1.1 PJe net and $8.13m net revenue. The Alinta 3.4 PJ deal is noted, and Walyering-7 has been sanctioned. Remaining financial detail was truncated in the text.
28 Feb 2024other▼ Bad
The Chair wrote to shareholders calling the SE-2 and SE-3 flow tests a setback, with South Erregulla resources and reserves being updated and development pathways assessed. Walyering-7 is planned for April and Erregulla Deep-1 mid-year. The board says Walyering cash flow lets it avoid dilution.
28 Feb 2024investor presentation● Neutral
Text not readable.
26 Feb 2024investor presentation● Neutral
Notice of a 28 February 2024 webinar on half-year results and an operational update. Administrative only.
20 Feb 2024well test result● Neutral
SE-2 testing began, producing gas and formation water, with more equipment needed for further flow tests. SE-3's wellhead pressure has built to about 431 psi, suggesting some response from the formation. Independent reviews are under way; no final result yet.
19 Feb 2024listing compliance notice▼ Bad
Strike answered an ASX query about trading before the SE-3 announcement. It said the well was overbalanced, so not yet price-sensitive, and it knew of the no-flow on 8 February. It said heavy trading that day was explained by its S&P/ASX 200 inclusion. Shares fell from $0.42 to a low of $0.29.
14 Feb 2024investor presentation● Neutral
Conference presentation titled 'Ramping up gas production'. Extracted text shows only the disclaimer, with no new figures or results.
13 Feb 2024well test result▼ BadMajor
South Erregulla-3 failed to flow when tested in the Kingia Sandstone, despite earlier-booked gas pay; Strike interprets a possible gas-water contact. The CEO called it disappointing. Testing moves to up-dip SE-2 within 5 days, and reserves will be reviewed afterwards.
1 Feb 2024other● Neutral
S&P Dow Jones announced Strike will join the S&P/ASX 200 index from 9 February 2024, replacing Costa Group. Index change only, no operational news.
25 Jan 2024investor presentation● Neutral
Strike announced a webinar on 29 January 2024 after its Q2 FY24 quarterly report. Administrative notice with no new results.
11 Jan 2024resource reserve update● Neutral
Triangle Energy, operator of the L7 and EP 437 permits, reported new oil prospects: 36 MMbbl best-estimate prospective resource (gross). Talon's 25% stake in the JV is now Strike-owned; wells are targeted for 2024. Prospective only, not drilled; Strike's share is not stated here.
3 Jan 2024production update▲ GoodMajor
Walyering reached its 33 TJ/d nameplate gas rate and 265 bbl/d condensate on 24 December 2023, within 90 days of start-up. Strike also signed a firm take-or-pay deal with Alinta for 3.4 PJ over about 2 years from February 2024, adding to the Santos contract.
27 Dec 2023business combination▲ GoodMajor
Strike's acquisition of Talon was implemented: all Talon shares transferred to Strike, and 322,268,051 new Strike shares (0.4828 per Talon share) were issued. Talon directors resigned and Nicholls, Hackett and Hoffman joined its board; delisting expected 28 December 2023.
27 Dec 2023business combination▲ Good
Strike confirmed the Talon scheme was implemented, so it now owns 100% of Talon. Talon holders received 0.4828 new Strike shares each; ineligible and small holders' shares go to a sale nominee to be sold within 15 business days. Duplicates Talon's own notice.
14 Dec 2023business combination▲ GoodMajor
Strike's acquisition of Talon became effective, giving Strike 100% of Walyering's free cash flow and, per its own statement, 1,022 PJ of Perth Basin 2P reserves and 2C resources. Talon holders get 0.4828 Strike shares each, issued 27 December 2023.
14 Dec 2023business combination● Neutral
Talon confirmed the scheme took effect on 14 December 2023 after court orders were lodged with ASIC. Talon shares are suspended from close of trading, with Strike shares to be issued on 27 December and delisting on 28 December.
13 Dec 2023business combination▲ GoodMajor
The Federal Court approved the scheme under which Strike acquires Talon for 0.4828 new Strike shares per Talon share. Talon shares are expected to be suspended after trading on 14 December, with implementation on 27 December 2023.
4 Dec 2023drilling result▲ GoodMajor
South Erregulla-3 found 13m of net gas pay in the Kingia Sandstone, confirming the field continues to the northwest, plus 75m of net potential CO2 storage sand. With SE-2, it will feed an independent review for converting contingent resources to reserves. Flow tests are expected from late January 2024.
23 Nov 2023investor presentation▲ Good
Chair and CEO AGM address and presentation. The chair calls Walyering the move from explorer to producer, cites the $136m Warrego sale proceeds and the Talon deal, said to nearly double free cash flow, with implementation on 27 December. Mostly repeats known facts.
17 Nov 2023material agreement▲ GoodMajor
Strike signed foundation gas sales for South Erregulla Phase 1: 36.5 PJ to Worsley Alumina JV (South32) over 5 years, and 5.75 PJ to Perth Energy (AGL) over 3 years, covering about 60% of capacity. Both depend on a final investment decision. This follows the earlier negotiation with a major industrial user.
14 Nov 2023regulatory community update▲ GoodMajor
South Erregulla's Phase 1 40 TJ/d development received its primary environmental approval, completing the primary government approvals needed before a final investment decision can be considered. SE-3 spud 21 October and had drilled to 4,373m, with heavy gas seen in the Beekeeper Formation.
13 Nov 2023annual report● Neutral
Strike's FY23 Sustainability Report, covering July 2022 to June 2023, describes its sustainability approach and climate disclosures, and presents the company as moving from explorer to producer. Extracted text shows no new financial or operational figures.
7 Nov 2023business combination● Neutral
Talon posted the scheme booklet and proxy forms to its shareholders on 7 November 2023, ahead of the 7 December vote on Strike's takeover. Procedural step with no new terms.