Past year: ▼ 5%(9.70c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 May 2023contract award▲ Good
Talon's version of the Santos condensate agreement for Walyering: over A$10m annual revenue at US$75 Brent, breakeven US$45-50 per barrel. Notes the Safety Case has been accepted. Re-release of Strike's news from the partner's side.
9 May 2023regulatory community update● Neutral
Strike received approvals for a 128 km 2D seismic survey at its 100% Eneabba Deep permit (EP506), starting within 7-10 days. Results could lead to an exploration well, part of the gas acceleration strategy. Near the Ocean Hill discovery.
2 May 2023investor presentation● Neutral
Text not readable. Conference presentation with only bullet markers extracted; no content can be confirmed.
27 Apr 2023debt financing▲ GoodMajor
Strike signed the Macquarie $153m financing package first announced in December: $33m refinanced, a $40m committed drilling facility, and an $80m uncommitted development facility. Cash is $143m. Macquarie options were cut to 62.1m at 40c. This resolves the earlier unreadable financing item.
24 Apr 2023director officer appointment● Neutral
Former Woodside senior executive Jill Hoffmann joins the board as a non-executive director from 1 May 2023, bringing WA gas marketing experience. She is to receive 5 million options at $0.60, subject to shareholder approval and election at the AGM.
20 Apr 2023drilling scheduled▲ GoodMajor
Strike plans South Erregulla in three phases, starting with a 40 TJ/d modular plant at the Precinct targeted for late 2024, on 128 PJ of 2P reserves. A 3-well appraisal campaign from July 2023 aims to convert up to 271 PJ of 2C. Production licence applications are lodged.
4 Apr 2023admin correction● Neutral
Administrative notice: Strike's registered office and principal place of business moved to Level 1, 40 Kings Park Road, West Perth. Phone number unchanged. No substance for shareholders.
14 Mar 2023production update● Neutral
Talon's re-release of the Walyering update: Environmental Plan approved, about 6 weeks of construction, production expected April, upstream cost $19.2m plus $3.8m for the APA connection. Nothing new beyond Strike's own announcement.
14 Mar 2023production update● Neutral
Walyering (Strike 55%, Talon 45%) got its Environmental Plan approved; construction takes about 6 weeks, with first gas expected in April. Costs rose: upstream scope now $19.2m and APA's pipeline connection $3.8m. Only the safety case approval remains.
7 Mar 2023investor presentation● Neutral
Conference presentation repeating known points, such as the South Erregulla-1 flow test at 80 mmscfd (equipment-constrained) and the Precinct hosting gas processing. Only the opening and disclaimer text is readable; no new results.
2 Mar 2023other▲ GoodMajor
Strike launched a 'fully funded' gas acceleration strategy: 5 wells and seismic, aiming for up to four gas sources online by end-2025, funded after ~$136m from selling its Warrego shares. Funding also counts an $80m Macquarie facility that is still uncommitted.
28 Feb 2023other● Neutral
Administrative Listing Rule 3.4.1 notice after the Warrego bid closed, attaching Strike's shareholder distribution and top 20 holders. Strike has 2,510,851,718 shares on issue; Justin Ferravant signs as CFO and Company Secretary.
23 Feb 2023half year report● Neutral
Half-year financial report to 31 December 2022 for Strike. The extract shows only the contents, notices and resource references (West Erregulla 50%, South Erregulla 100%, Walyering 55%, Ocean Hill 100%); no results figures are readable.
15 Feb 2023asset acquisition disposition▲ GoodMajor
Strike closed its Warrego bid holding ~30.4% (377m shares) and will accept Hancock's $0.36 cash offer, realising $136m. That resolves the takeover contest and, with earlier funding, gives $203m available; Hancock becomes West Erregulla JV partner holding Warrego's 50%.
9 Feb 2023investor presentation● Neutral
Text not readable. Title indicates a Bell Potter conference presentation; no figures can be confirmed from this text.
8 Feb 2023business combination▼ BadMajor
Hancock's $0.36 cash offer became unconditional after its 40% acceptance condition was met, taking Hancock to 52.17% and control of Warrego. This effectively decides the contest against Strike's scrip bid; the Strike board is reconsidering its position (text truncated).
3 Feb 2023business combination● Neutral
Strike declares its Warrego offer 'best and final', with no increase in the one-for-one ratio. Its voting power is 24.91%, with a further 1.57% expected, up from 20.57% on 17 January.
3 Feb 2023business combination● Neutral
Strike corrects the CHESS acceptance code in its sixth supplement to WGOSTK, and gives the required status notice: offer unconditional since 17 January, voting power 24.91%. Offer closes 13 February 2023. Administrative.
23 Jan 2023business combination● Neutral
Warrego lodged its target's statement responding to Strike's scrip offer, also setting out directors' views on Hancock's cash offer. The extract is cover pages and contents only, so the recommendation cannot be confirmed from this text.
23 Jan 2023other● Neutral
Text not readable. Title indicates a rig has been secured for a multi-well campaign, matching the same-day fifth supplement on the Ensign 970; no details can be confirmed from this text.
23 Jan 2023drilling scheduled▲ GoodMajor
Strike secured Ensign 970 rig slots for 2023-24, shared with Mineral Resources' subsidiary. Two South Erregulla (100%) updip appraisal wells start mid-2023, targeting conversion of 178 PJ 2C to reserves; up to three wells follow in early 2024 at Southwest Erregulla, Erregulla Deep and possibly Ocean Hill.
17 Jan 2023business combination● Neutral
Strike's fourth supplement confirms a court order fixed a late quotation filing, satisfying that condition, and that it has waived its last condition. The one-for-one Warrego offer is unconditional; acceptances will be processed with consideration paid within 7 business days.
17 Jan 2023business combination▲ GoodMajor
Strike waived its last defeating condition, so its one-for-one Warrego offer is now unconditional. Strike and associates hold 20.57% of Warrego, so acceptances will lock in rather than depend on a threshold.
17 Jan 2023business combination● Neutral
Warrego says ASIC allowed electronic delivery of its target's statement on Strike's offer, due by 27 January 2023. Holders are told to take no action until then. Administrative; no recommendation yet.
12 Jan 2023business combination● Neutral
Strike notified that one defeating condition in its Warrego offer, tied to events before the offer opened, was fulfilled when the offer opened. Procedural; the offer was still subject to one remaining condition.
12 Jan 2023regulatory community update▲ GoodMajor
Talon reports Production Licence L23 for Walyering was granted to the joint venture (Strike 55% operator, Talon 45%). Procurement is ~98% complete and start-up is still targeted by end of Q1 2023, a key approval won on schedule.
12 Jan 2023regulatory community update● Neutral
Text not readable. Title indicates the Walyering Production Licence grant, matching Talon's same-day announcement; no figures can be confirmed from this text.
12 Jan 2023business combination● Neutral
Strike's third supplement says Hancock holds 25.91%, not the 32.6% it implied, after Regal sold to Mineral Resources, whose intentions are unclear. Strike intends to waive its remaining condition, making its offer unconditional.
11 Jan 2023business combination● Neutral
Strike began sending its bidder's statement, two supplements and acceptance form to Warrego holders; the one-for-one offer is now open for acceptance. Administrative step in the takeover contest.
11 Jan 2023business combination● Neutral
Statutory notice that Strike has finished sending its bidder's statement and supplements to Warrego holders on the 24 Dec 2022 register. Administrative only; no new terms.
