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STX - Strike Energy

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countrylad said:
@rcw1 just read the strategic review, are they kidding? 6 months to release that, nothing substantially new was released, this has to be one of the poorest run companies on the ASX.
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your post just come on when rcw1 posting, was going to see what you thought of it... yeah not sure how they can look themselves in the mirror with a straight face... surely they could not be that stupid...
 
Announcement today (270625):

Following the release of our Strategic Review outcomes this week, we have received strong interest and a high level of engagement from shareholders.

no doubt about that

In response, Strike Energy Limited (Strike – ASX:STX) will host a webinar to address key themes and queries raised.

Shoulda coincided with the strategic review release. What they thinking??? Get outta da office and get the hands dirty and perhaps answer a question or two!!!

Strike's Managing Director & Chief Executive Officer, Peter Stokes, along with Chair, John Poynton, and Chief Financial Officer, Tim Cooper, will host a webinar on Tuesday, 1 July 2025 at 11:00am (AWST)/ 1:00pm (AEST). This will be followed by a short Q&A.

rcw1 will be logging on

This session will provide an opportunity for management to elaborate on the outcomes of the Strategic Review, outline next steps, and respond to common questions received from shareholders and the broader investment community.

Nice ... the other missing plan is the 12 month action plan to help achieve the strategic review outcomes ... with some content and facts aligned towards achievement with timings and anticipated costings...

To register for the webinar, please sign up to our InvestorHub using the link below. If you have already signed up to our InvestorHub, log in and download the calendar invite to sync the invite to your calendar. At the scheduled time, the webinar will be streamed live on the same link below. Please visit the following link to sign up to attend:

https://strikeenergy.com.au/s/547326
 
@countrylad
rcw1 has asked five questions ...

What strategies do you possess to attempt to stem the tide of a decreasing SP

Why do you believe that the SP is being decimated?

Has there been a Take Over offer or discussion had with a possible buyer, during the past 12 months. If so what are the circumstances surrounding this (these)

Does the company have a 12-month action plan to help achieve the strategic review findings which has more facts, costings and timings

What are proposed at this stage of partnerships or farm outs and what are the circumstances

 
Good evening
Over 5 year low on Friday (27/06/25) after the Strategic Review Findings released day before on the Thursday ha ha ha ha ha ha ha must have made a difference ha ha ha ha ha The enormity of the situation... no doubt the driving force behind having the Strategic Review Webinar set down for Tuesday (1 July 2025) ...

rcw1 does have some concerns ... but, anyways in for the ride. Suspected for some time there have been some confidential talkies ... can only hold onto that one for sooooooooooo long. Be done with it and get onto the arrangements being locked in!!!! or the SP will get down to $0.10 ... or something even more demoralising.

rcw1 thoughts

Chart update:
Weekly


One Minute
 
Got my question answered @rcw1, just as I thought no dedicated team out there selling the product, expertise scattered across the company, but the are putting a junior role in place
 
countrylad said:
Got my question answered @rcw1, just as I thought no dedicated team out there selling the product, expertise scattered across the company, but the are putting a junior role in place
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@countrylad just had a chance to listen to the webinar ...
rcw1 questions on SP were discussed a couple of times. They acknowledge the 'shorters' and the hurt caused. Pretty much said company will achieve their four priorities nominated in Strategic Review and coupled with the fact the WA government have recently been talking up gas into pipe and gas to power .... that demand may well exceed supply, especially critical when coal fired power plants are twitched off in the very near term...

Also answered the question about an offer from Carlyle Group ... denied all knowledge.

re: your question, I musta picked up on something else ... but thought they said they did have a team out there selling gas...

Anyways, all in all, it helped rcw1 restore some further confidence in what the company are planning to action and the way forward as a electricity maker and gas explorer. Did like their comments about Gina looking at positively moving forward with the joint venture in WE. Jeepers if that one got pushed over the line, be wonderful for the SP.

See what happens then.

Kind regards
rcw1
 

Carnarvon poised to take major stake in WA junior Strike Energy​


Angela Macdonald-Smith Senior resources writer AFR
Jul 21, 2025 – 3.15pm

Carnarvon Petroleum is set to take a stake in Strike Energy in a deal that could provide about $100 million for the cash-short West Australian junior to expand exploration and gas power generation.

The investment, expected to be announced on Tuesday, comes as Carnarvon looks to put some of its $186 million of cash to use as it awaits movement from Santos to proceed with their delayed Dorado oil and gas project.
Strike, meanwhile, is building a gas power station at its South Erregulla gas field in the onshore Perth Basin and is looking to accelerate its West Erregulla gas project with Gina Rinehart’s Hancock Energy.
Chaired by high-profile Perth businessman John Poynton, Strike said in May that it would “strengthen the balance sheet via disciplined capital allocation and pursuit of strategic partnerships and corporate opportunities”. It had $33.1 million of cash as at December 31 and signed a $217 million financing deal with Macquarie in January to fund power and gas projects.
Both Carnarvon and Strike halted trading early on Monday. Carnarvon, which has a market capitalisation of about $197 million, cited news on “a proposed strategic investment”. Strike, valued at $475 million, pointed to an imminent announcement relating to a potential equity raising.

Strike, meanwhile, is building a gas power station at its South Erregulla gas field in the onshore Perth Basin and is looking to accelerate its West Erregulla gas project with Gina Rinehart’s Hancock Energy.
Chaired by high-profile Perth businessman John Poynton, Strike said in May that it would “strengthen the balance sheet via disciplined capital allocation and pursuit of strategic partnerships and corporate opportunities”. It had $33.1 million of cash as at December 31 and signed a $217 million financing deal with Macquarie in January to fund power and gas projects.
Both Carnarvon and Strike halted trading early on Monday. Carnarvon, which has a market capitalisation of about $197 million, cited news on “a proposed strategic investment”. Strike, valued at $475 million, pointed to an imminent announcement relating to a potential equity raising.

MST Marquee energy analyst Saul Kavonic said an injection of equity would allow Strike to pursue expansion opportunities that it outlined in May after its strategic review. Those include an 85-megawatt peaking gas power plant already under construction, its 87 terajoules a day West Erregulla project with Hancock and its Ocean Hill accelerated gas exploration project, also in the Perth Basin. Strike initiated the strategic review and changed its chief executive after a 56 per cent dive in its share price last year.
“A cash injection may enable Strike to pursue its exploration and power peaker expansion ambitions outlined in its recent strategic review, which otherwise appeared funding-constrained,” Kavonic said.
For Carnarvon, its minority stakes in undeveloped fields Dorado and Pavo put it at the mercy of decisions by larger partners. In both fields, which together hold more than 200 million barrels of oil and gas, Santos is the largest partner and operator. It put the $3.2 billion Dorado project in hold in January as it put the priority on increasing shareholder returns, and is now subject to a $36.4 billion takeover bid led by Abu Dhabi’s national oil company. Taiwan’s CPC Corporation also has a stake in Dorado.
“Carnarvon needs to do something other than wait until Dorado gains traction one day again,” Kavonic said.
Eddie Rigg, head of corporate finance at Argonaut Securities, said Carnarvon would be looking for opportunities to use its cash as it awaited progress on Dorado rather than be forced to hand back funds to shareholders. “The reality is Santos is not pressing the button on the Dorado development, so what are they going to do with the cash?” he added.
The deal could involve an investment of about $100 million in Strike, according to one source close to the companies who was not authorised to speak publicly. Strike and Carnarvon declined to comment.

​

 
@countrylad
STX has quality gas reserves.

They either sell part of their assets to pay for further development / production / making of electricity or progress joint venture with another small player that has cash and can progress production and exploration of the much-needed development of further gas reserves... This can be under many scenarios...
countrylad said:
@rcw1 and @embryo what's your thoughts on the TH and possible CVN investing $100 million in STX ...
Click to expand...
rcw1 good with it at the minute bloke. The meat in the sandwich tomorrow... the answers. hmmm

Kind regards
rcw1
 
@rcw1
I am invested in STX for the following

Gas Reserves
Tier 1 Country
Friendly govt policy both at state and federal level.

I will be very disappointed if under the circumstances 1, we issue at a discount and 2 this is the only way the BOD can extract value.

I am giving CEO and CFO a pass for the time being as I would be even further disappointed if this deal has only been done in the last couple of weeks, again to me this is somewhat a hail Mary.
 
yes rcw1 has at times wondered whether the BoD is smart and whether rcw1 considerable investment is safe .... anyways gotta be in it to win it...
Await today's announcement with anticipation.

Kind regards
rcw1
 
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