Past year: ▼ 5%(9.70c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Sept 2026investor presentation● Neutral
Webinar slides titled 'West Erregulla Unlocked'. The visible text is only the disclaimer; the substantive content is truncated, so nothing new can be confirmed. It presumably covers the 31 Aug Hancock Belisama processing deal (inference).
31 Aug 2026material agreement▲ GoodMajor
Strike chose Hancock Energy's proposed Belisama plant to process its West Erregulla gas, at a fixed capacity charge, with a term sheet for a loan of up to $30m (needs Macquarie consent). Upstream FID is now FY28 with first gas mid-CY29. South Erregulla approval to generate is now targeted for late Q4 CY26.
17 Aug 2026resource reserve update▲ GoodMajor
RISC Advisory reports Walyering 2P reserves up to 16.4 PJ from 13.6 PJ a year earlier, after 5.7 PJ of FY26 production, with maiden Walyering West C1 reserves. 1P fell to 6.1 PJ from 11.2 PJ. A tie-in FID is expected in Q4 CY2026; 16.3 PJ is contracted.
30 July 2026quarterly activities report● Neutral
June quarter: Walyering produced 0.99 PJe (27 days of downtime for compression) and sales revenue was $13.1m at ~$7.09/GJ. South Erregulla is 94% complete. Walyering West-1 tie-in viability is under assessment. Cash rose to $46.3m, with $0.3m undrawn debt.
16 July 2026joint venture update● Neutral
South Erregulla upstream gas facilities and power station are commissioned and in preservation pending AEMO compliance testing. Western Power downstream commissioning has slipped to 21 July. 716,279,985 Carnarvon shares leave voluntary escrow on 25 July 2026, with no new shares issued.
29 June 2026director officer appointment● NeutralMajor
All 20 generating units at South Erregulla were commissioned on gas; network commissioning by Western Power is due to begin 8 July. CFO Tim Cooper will step down by 29 September 2026 and leaves the company secretary role immediately; a CFO search has begun.
16 June 2026flow test result▲ GoodMajor
Walyering West-1 flow test: the C1 sand flowed a stable 11 MMscf/d with low CO2 (~1-2%) and condensate of ~15 bbl/MMscf. A Sub1 flowed 2.8 MMscf/d from a limited reservoir; D1 did not flow and D2-4 produced water. It could be developed through existing infrastructure, pending analysis.
11 June 2026production update▲ Good
South Erregulla 85 MW power station reached mechanical completion and South Erregulla gas was introduced to the plant; live commissioning has started. The 1.5 km grid tie-in is under construction and the 1 October 2026 online target is unchanged but depends on Western Power.
9 June 2026flow test result▲ Good
Flow testing at Walyering West-1 began and the C1 sand has flowed hydrocarbons to surface; testing is due to finish by 30 June. Walyering field production was shut temporarily for compression installation, with restart expected 10 June.
11 May 2026director officer appointment● NeutralMajor
CEO Peter Stokes resigned immediately after about 11 months; Shelley Robertson (ex-Fortescue COO, ex-MinRes, ex-Norwest Energy CEO) becomes CEO/MD on 1 June 2026. Following the board review, Chair John Poynton and director Mary Hackett retire 30 June; Nev Power becomes Chair 1 July.
1 May 2026drilling result▲ GoodMajor
Walyering West-1 reached 3,650m and discovered a new conventional gas accumulation, with net pay in the A Sub 1 (4.3m), C1 (11.3m) and D1-D4 (11.9m) sands. Wireline fluid sampling failed, so flow testing is next. This resolves the 26%-chance exploration well in Strike's favour.
30 Apr 2026quarterly activities report● Neutral
March quarter: South Erregulla 86% complete, still targeting 1 October 2026. Walyering output rose to ~15 TJ/d from March; sales revenue $13.7m. Walyering West-1 reached total depth on 27 April and evaluation is underway. Cash fell to $37.1m with no undrawn debt.
23 Apr 2026drilling progress report● Neutral
Walyering West-1 has cased the 9-5/8" section at 2,596m and is drilling ahead at 2,670m in the Cattamarra Coal Measures. Target depth is about 3,639m; preliminary results are expected early May. No new result yet.
16 Apr 2026drilling spud● NeutralMajor
Walyering West-1 spudded 15 April 2026 with the Ensign 970 rig, drilling at 1,006m toward a planned 3,639m. It tests a 46 PJ prospective resource with a 26% chance of discovery; early May results expected. This delivers the mid-April spud target.
1 Apr 2026investor presentation● Neutral
Presentation at the Australian Domestic Gas Outlook conference; only the disclaimer is readable, so no new information can be confirmed.
26 Mar 2026director officer appointment● Neutral
Michaela Stanton-Cook appointed Joint Company Secretary alongside CFO Tim Cooper, and becomes an ASX communications contact. Administrative appointment.
19 Mar 2026investor presentation● Neutral
Conference presentation at the Euroz Rottnest Conference; only the disclaimer is readable, so no new information can be confirmed.
18 Mar 2026resource reserve update▲ GoodMajor
Delayed certification delivered: West Erregulla 2P reserves rise 19% to 251 PJ net to Strike (from 211 PJ in 2022), audited by Miller & Lents. Some Erregulla Deep prospective resource converts to contingent; High Cliff contingent resources revised down.
16 Mar 2026regulatory community update▲ Good
Final 2028/29 benchmark capacity price set at $488,500/MW, up 35% from $360,700 (draft was $491,700). South Erregulla is 82% complete, the power line is finished, dry commissioning has begun, and completion is still targeted for 1 October 2026.
6 Mar 2026other▼ Bad
S&P Dow Jones index rebalance: Strike (STX) is removed from the S&P/ASX 300 effective 23 March 2026. Third-party index change, not a company event; it may affect index-fund holding of the shares (inference).
26 Feb 2026half year report● Neutral
Half-year to December 2025: Walyering sales revenue $36.0m at $7.37/GJ, with total liquidity $129.5m including $69.5m cash. South Erregulla is 72% complete. Walyering West-1 spud expected by mid-April 2026. Profit figures are not readable.
26 Feb 2026half year report● Neutral
Half-year to December 2025: sales revenue $36m (1H25: $35.8m), underlying EBITDA $14m, loss $12.3m, $3.2m better than a year earlier. Cash $69.5m. South Erregulla 77% complete, Walyering West-1 spud expected April. CEO acknowledges disappointing share price performance.
26 Feb 2026investor presentation● Neutral
Half-year results presentation; only the disclaimer is readable. No new information is readable.
25 Feb 2026other● Neutral
Notice of a webinar on the 1H FY26 results, to be released 26 February 2026. Administrative; no business substance.
16 Feb 2026drilling scheduled▲ GoodMajor
All approvals are received for Walyering West-1 and well pad construction has begun, with spud expected by mid-April 2026. It tests a 46 PJ (2U) prospect with a 26% chance of discovery. About 19.6 PJ of contracted gas remains.
3 Feb 2026regulatory community update▲ Good
Regulator's draft 2028/29 benchmark capacity price is $491,700/MW, up 36% from $360,700. Final determination is due March 2026, and it is a benchmark, not a guaranteed price. South Erregulla expects its full 85 MW of capacity and remains on track for 1 October 2026.
29 Jan 2026quarterly activities report● Neutral
December quarter: South Erregulla 72% complete, still on track for 1 October 2026. Walyering output cut to 10 TJ/d with third-party gas bought instead, compression deferred to Q2 CY26. Ensign 970 rig secured. Cash fell to $69.5m.
23 Dec 2025resource reserve update▼ Bad
The West Erregulla and Erregulla Deep reserves and resources certification, promised for December, is delayed to Q1 2026. Strike says the delay is not an adverse technical outcome. This pushes back a step towards the 2H 2026 FID target.
13 Nov 2025investor presentation● Neutral
AGM chair address and CEO presentation. Directors' fees cut 20% from today, and an external board review is planned this financial year. West Erregulla resource update is due in December; FID target remains 2H CY2026. Largely repeats known facts.
13 Nov 2025annual report● Neutral
FY25 ESG report covering safety, emissions, community and governance, with zero fatalities and $130m spent in Western Australia. Strike will be a mandatory climate reporter from FY26. Sustainability reporting only; no new business information.
