Key Developments: Strike Energy Ltd (STX.AX)

STX.AX on Australia Stock Exchange

0.12AUD
18 Dec 2014
Price Change (% chg)

$0.01 (+9.52%)
Prev Close
$0.10
Open
$0.11
Day's High
$0.12
Day's Low
$0.11
Volume
1,220,043
Avg. Vol
1,023,508
52-wk High
$0.16
52-wk Low
$0.09

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Latest Key Developments (Source: Significant Developments)

Strike Energy Ltd does not declare dividend
Friday, 19 Sep 2014 12:00am EDT 

Strike Energy Ltd:Says that in respect of the financial year ended June 30, 2013, no dividend was paid to the holders of fully paid ordinary shares.Says in respect of the financial year ended June 30, 2014, the Directors recommend no payment of a dividend to the holders of fully paid ordinary shares at this time.  Full Article

Strike Energy Ltd announces completes transaction to sell portion of net acreage interest in Eagle Ford Shale
Friday, 29 Aug 2014 02:17am EDT 

Strike Energy Ltd:Completes transaction to sell portion of its net acreage interest in Eagle Ford Shale joint venture to Penn Virginia Oil and Gas, for consideration of $ 4.5 mln subject to postclosing adjustments.  Full Article

Strike Energy Ltd announces award of new Cooper Basin permit
Tuesday, 26 Aug 2014 09:00pm EDT 

Strike Energy Ltd:Says that it has been successful in its application for block CO2013-B in the Cooper Basin exploration acreage release by the Government of South Australia.  Full Article

Strike Energy Ltd signs Orora gas sales agreement
Monday, 23 Jun 2014 12:00am EDT 

Strike Energy Ltd:Says that it has entered into a  Gas Sales Agreement for 45PJ of gas with Orora Limited.Says the GSA adds a  further  15PJ  of  gas to the  30PJ  agreed  with  Orora  earlier this  year  in the  Gas  Supply  Option  Agreement  announced  by  Strike  on  Jan. 15, 2014  and supersedes  and  replaces that Option Agreement.  Full Article

Orica Ltd signs agreement to secure additional 100 PJ of prospective gas supply from Strike Energy Ltd
Monday, 24 Mar 2014 06:03pm EDT 

Orica Ltd and Strike Energy Ltd:Reach further agreement for supply of additional 100 petajoules (PJ) of gas to be produced by Strike.Additional 100 PJ of gas, supplied over ten years from 2020, has been negotiated at competitive prices from Orica's position as foundation customer.  Full Article

Strike Energy Ltd completes A$12.7 mln capital raising
Wednesday, 12 Mar 2014 06:28pm EDT 

Strike Energy Ltd:Announces completion of A$12.7 mln capital raising by way of a private placement to sophisticated and professional investors.To issue 105,977,949 fully paid ordinary shares at A$0.12 per share to sophisticated and professional investors.Funds raised by placement will be used to accelerate the appraisal and development of Strike’s Southern Cooper Basin Gas Project.Bell Potter Securities Limited acted as lead manager for placement with Blackswan Equities Limited acting as co‐manager.Placement is expected to settle on March 19, with the placement shares expected to be issued and to commence trading on ASX on March 20.  Full Article

Strike Energy Ltd does not declare interim dividend
Sunday, 9 Mar 2014 09:16pm EDT 

Strike Energy Ltd:Says there were no dividends declared or paid during the half year period ended Dec. 31, 2013 (half year period ended Dec. 31, 2012: nil).  Full Article

Strike Energy Ltd signs new gas supply option agreement with Orora Ltd
Tuesday, 14 Jan 2014 05:53pm EST 

Strike Energy Ltd:Says that it has entered into a gas supply option agreement for 30PJ of gas with Orora Ltd.Says the gas is to be produced by Strike from its Southern Cooper Basin Gas Project (the project) centered on the substantial gas resource identified within permit PEL 96.Says it has granted an option to Orora for the supply of 30PJ of gas, to be delivered at 3PJ per annum, at a fixed price over a 10 year term from 2017, the expected commencement of production from the Project.Says Orora has agreed to pay an option fee to Strike, conditional only upon the PEL 96 joint venture proceeding with a pilot production test project.Says Orora can then exercise the option when a decision is made by the PEL 96 joint venture to proceed with development of the Project.Says it will use the option fee to accelerate the PEL 96 work program following the recent confirmation of a substantial, continuous gas resource directly under the Moomba to Adelaide gas pipeline.  Full Article

Strike Energy Ltd Announces Appointment Of Chief Financial Officer
Thursday, 21 Nov 2013 06:37pm EST 

Strike Energy Ltd announced the appointment of Sean McGuinness to the role of Chief Financial Officer and Company Secretary.  Full Article

Strike Energy Ltd Commences Drilling Operations At Southern Cooper Basin Gas Project
Tuesday, 29 Oct 2013 10:10pm EDT 

Strike Energy Ltd announced that it has commenced field operations at the Southern Cooper Basin Gas Project. A drilling rig is on location at the Le Chiffre well site preparing to spud pending receipt of final regulatory approval.  Full Article

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