Recent Insider Transactions • May 20
Key Executive recently bought €62k worth of stock On the 14th of May, Neville Power bought around 769k shares on-market at roughly €0.08 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Neville's only on-market trade for the last 12 months. Announcement • Sep 16
Strike Energy Limited, Annual General Meeting, Nov 13, 2025 Strike Energy Limited, Annual General Meeting, Nov 13, 2025. Announcement • Jul 25
Strike Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 51.61889 million. Strike Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 51.61889 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 430,157,416
Price\Range: AUD 0.12
Transaction Features: Subsequent Direct Listing Announcement • Jan 29
Strike Energy Limited to Report Q2, 2025 Results on Jan 31, 2025 Strike Energy Limited announced that they will report Q2, 2025 results on Jan 31, 2025 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Jill Hoffmann was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
Strike Energy Limited, Annual General Meeting, Nov 28, 2024 Strike Energy Limited, Annual General Meeting, Nov 28, 2024. Announcement • Jun 13
New Zealand Oil & Gas Limited, Triangle Energy (Global) Limited and Strike Energy Limited Provides Drilling Update Booth Well in L7 Permit Perth Basin Triangle Energy Global Ltd. advised that preparatory works by the L7 Joint Venture with Strike Energy Ltd. and New Zealand Oil and Gas Ltd. to drill the Booth-1 well in the North Perth Basin are nearing completion and all regulatory approvals have been received. The Company now expects the Ventia 106 rig to be released by the current drilling operator in early July with the spud of the Booth-1 well expected to occur mid to late July. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Cattamarra Coal Measures sandstones. Negotiations are ongoing for a rig to drill the Becos Prospect in permit EP 437. The Booth prospect has potential for multiple oil and gas targets, with a Prospective Resource range of 113 Bcf (billion cubic feet of gas) to 540 Bcf with a Best Estimate of 279 Bcf (Gross 100%, on-block), has a prognosed total depth of 2,900m (measured depth) and is expected to take 22 days to drill from spud. The well will deviate 800m to the southeast from the surface location to intersect three prospective reservoirs that are offset in depth and will have a true vertical depth of 2,670m. A new water supply well has been drilled which will subsequently be given to the landowner. Announcement • Apr 18
Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin New Zealand Oil & Gas Limited announced that its Joint Venture with Strike Energy Ltd. and New Zealand Oil and Gas Ltd. has contracted a rig to drill the Booth-1 well in the North Perth Basin. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming Joint Venture's drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones. The previously identified Becos oil prospect in EP 437 is intended to be the second well in the program, targeting the Bookara sandstone. Triangle expects to drill Becos in the September quarter 2024, subject to EP approval and final JV approval. Becos has a Prospective Resource range of 1 MMbbl (million barrels) to 21 MMbbl with a mid-case of 5 MMbbl oil (Gross 100%). The first two wells are expected to be drilled utilising separate rigs. The Booth prospect, with a total depth of 2,900m, requires a medium to large rig such as the Ventia 106 and the Becos prospect, with a prognosed depth of just over 1,000m, is more suited to a smaller, more mobile rig. This is an untested play underlying potential Jurassic to Permian oil-prone sandstone reservoirs in this area near Mount Horner Oil Field. Triangle Managing Director Conrad Todd said: "Booth will be the first well drilled in the two permits in the Perth Basin for 30 years. During this time, 3D seismic has been developed, which has played a pivotal role in some of the major discoveries in the Perth Basin in recent years. Triangle and JV partners have utilised new 3D seismic to locate and plan these wells and are excited to drill the first of many prospects within these permits. "This latest 3D data interpretation and geological analysis has led to numerous new oil and gas prospects being identified, further highlighting the immense potential in what is the most under-explored acreage in the lucrative Perth Basin". Authorised for Release by: The Board of Directors. These estimates have both an associated risk of discovery and a risk to development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. The estimates of Prospective Resources included in the announcement have been prepared in accordance with the definitions and guidelines set out in the Petroleum Resources Management System ("PRMS") as revised in June 2018 by the Society of Petroleum Engeers. The PRMS defines prospective resources as those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations. All Prospective Resources indicated within the updated L7, and EP 437 resources tables are calculated for a Gross 100% interest in the Permit and tabulated as Gross (100%) and Net (50%) interests. These prospects were mapped using the Bookara 3D seismic data which has been recently acquired and interpreted. TEG has applied a range of reservoir parameters based on regional well-owned and interpreted. Triangle has applied a range of reservoir metrics based on regional well-owned, and EP 437, which also hosts the Becos prospect, to be the first well in the North Perth Basin. Recent Insider Transactions • Apr 12
Non-Executive Director recently sold €172k worth of stock On the 11th of April, Andrew Seaton sold around 1m shares on-market at roughly €0.14 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. New Risk • Feb 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$80m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$80m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (€616k sold). Announcement • Jan 26
Strike Energy Limited to Report Q2, 2024 Results on Jan 29, 2024 Strike Energy Limited announced that they will report Q2, 2024 results on Jan 29, 2024 Announcement • Dec 04
Strike Energy Limited Confirms Continuity of South Erregulla Gas Field Strike Energy Limited provide an update on the appraisal results from the SE3 well at the Company's 100% owned South Erregulla gas field which sits within Production License L24 (surface location: 6735995.41 N, 334750.14 E). The SE3 well encountered the Kingia Sandstone at 4,817m measured depth (MD) where a gross interval of 54m was observed. Mud logs, logging while drilling and wireline logging tools were used to evaluate the Kingia Sandstone where cuttings have been collected. The net pay in the Kingia is made up of two blocks of reservoir totalling 13m with an average porosity of 10.2% and porosities up to 16.4%. Evaluation of the Kingia has used cutoffs consistent with Strike's other successful Kingia wells across the Erregulla region in the North Perth Basin. Pressure and mobility data have been collected, where reservoir pressures measured approximately 6,746 psia. Strike will now run, set and cement the 7" liner before installing the 5-1/2" production tubing string along with the well head and christmas tree. SE2 and 3 will be flow tested in a campaign expected to commence in late January 2024. The SE3 well was observed as being downdip of the SE1 discovery well and confirms the presence of gas filled conventional reservoir in the Kingia to the northwest of the field. This data, along with the SE2 results, will form the basis for an independent review and potential conversion of Contingent Resources in L24 to Reserves. Wireline logging over the Jurassic Sandstone in SE3, appraising the potential CO2 storage capacity, observed a high quality 75m net reservoir, with an average porosity of 19% and a maximum porosity of 29%. This supports the continuity of the potential storage reservoir to the northwest of SE1. This announcement is authorised for release by the Managing Director and Chief Executive Officer in accordance with the Company's Continuous Disclosure Policy. Announcement • Nov 08
Strike Energy Reportedly Out of Race for Oil, Gas Assets The $1 billion West Australian gas producer Strike Energy Limited (ASX:STX) is understood have pulled out of the race to buy Woodside Energy Group Ltd. (ASX:WDS)'s $500 million ($768 million)-plus Pyrenees and Macedon oil and gas projects. The sale process is proving to be slow moving for the suitors that remain in the race, with some questioning whether it will drag out into the new year. It is understood Strike was keen to buy the Macedon project but was not in a position to also take on Pyrenees. The sale process is being run by Morgan Stanley. Woodside inherited the two gas facilities in WA's Carnarvon Basin through its acquisition of BHP's petroleum business last year. First-round bids were received last month, but the offers were not conforming bids, with most suitors only vying for the more popular Macedon asset. DataRoom understands that parties that have been in the data room are The Carlyle Group Inc. (NasdaqGS:CG), Cooper Energy Limited (ASX:COE), the Chris Ellison-backed Mineral Resources Limited (ASX:MIN), billionaire Gina Rinehart's Hancock Prospecting Pty Ltd, Carnarvon Energy Limited (ASX:CVN), Strike Energy Limited (ASX:STX), Jadestone Energy plc (AIM:JSE) and Questus Energy LLC. Beach Energy was not thought to have put forward a bid because it currently has an Interim Chief Executive running the company, Bruce Clement. Sources believe that Beach, which is 30% controlled by the interests of billionaire Kerry Stokes and now chaired by his son Ryan on an interim basis, is the logical candidate to buy the assets. Recent Insider Transactions • Oct 12
MD, CEO & Executive Director recently sold €334k worth of stock On the 9th of October, Stuart Nicholls sold around 1m shares on-market at roughly €0.25 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stuart's only on-market trade for the last 12 months. Announcement • Sep 28
Strike Energy Limited, Annual General Meeting, Nov 23, 2023 Strike Energy Limited, Annual General Meeting, Nov 23, 2023. Buying Opportunity • Aug 01
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Jul 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$89m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$89m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • May 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Mary Hackett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 10
Strike Energy Limited Provides Update on Eneabba Deep Strike Energy Limited provided an update on its operations at the 100% owned and operated permit EP506 - Eneabba Deep as part of its previously announced Gas Acceleration Strategy. Strike has received all regulatory approvals required to commence the 128 km of 2D seismic for the Eneabba Deep campaign. Terrex Seismic has mobilised and Strike expects acquisition to commence in the next 7-10 days and take 3-weeks. Strike is likely to receive a processed volume of the seismic in approximately 6-weeks post-acquisition and upon interpretation, Strike may identify a well location for exploration drilling as part of its `opportunity reloading' post the successful West and South Erregulla and Walyering drilling campaigns. successful West and South Erregulla and Walye With its proximity to the 100% owned Ocean Hill gas discovery, and subject to successful exploration drilling, Eneabba Deep represents an opportunity for inclusion in a regional development or alternatively to feed the immediately adjacent industrial demand where Iluka is currently constructing a rare earth refinery. Buying Opportunity • Feb 15
Now 20% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be €0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Mary Hackett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 10
Key Executive recently bought €799k worth of stock On the 8th of March, Neville Power bought around 4m shares on-market at roughly €0.20 per share. This was the largest purchase by an insider in the last 3 months. This was Neville's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 05
Independent Non-Executive Director recently bought €63k worth of stock On the 1st of June, Mary Hackett bought around 307k shares on-market at roughly €0.21 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €255k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 08
Deputy Chairman recently bought €171k worth of stock On the 6th of January, Neville Power bought around 1m shares on-market at roughly €0.17 per share. This was the largest purchase by an insider in the last 3 months. Neville has been a buyer over the last 12 months, purchasing a net total of €363k worth in shares. Is New 90 Day High Low • Jan 08
New 90-day high: €0.20 The company is up 23% from its price of €0.17 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period. Announcement • Dec 06
Strike Energy Limited Provides an Update on Behalf of the EP469 Joint Venture Strike Energy Limited provided an update on behalf of the EP469 Joint Venture. Since the last update, Strike has drilled the second intermediate hole section in 12-1/4" down to a section final depth of 3,534 m. Section depth was nominally planned for 3,750m, however an expected fault was encountered higher than predicted. As a result of this fault, it has 'cut out' a series of sequences covering the Woodada and upper Kockatea formations, which has allowed Strike to preclude a bit change and already locate the casing point in the lower Kockatea as planned. During the drilling of this section hydrocarbon shows have been observed throughout and as a result, wireline logs will be run through the section. The presence of these hydrocarbons is supportive of Strike's geological models and the results are analogous to observations seen in the West Erregulla 2 well. After completion of wireline logging operations, Strike will commence running of 9-5/8" casing before cementing in place and drilling ahead to the well's primary targets. The final production section of the well will encounter the full Permian sequence and on success, will be completed as a future producer. The bottom hole assembly for this section will include several logging while drilling and pressure sampling tools for live data acquisition with real time feedback. Announcement • Nov 16
Strike Energy Limited Announces Update on Behalf of the EP469 Joint Venture Strike Energy Limited provided an update on behalf of the EP469 Joint Venture. Since the last update, Strike carried out the installation of the wellhead section for the 13-3/8" casing in preparation for drilling ahead with the second intermediate hole section. Pressure testing of the wellhead seals was unsuccessful and upon investigation it was found that the slip and seal assembly for the 13-3/8" casing connection had failed. With the slip and seal assembly not suitable for reuse, a new assembly will be required and is currently due to arrive in approximately one week. Announcement • Oct 27
Strike Energy Limited Announces Board Changes Strike Energy Limited announced that Ms. Mary Hackett has been appointed as a Non-Executive Director of the Company. This appointment will be effective from the 27th October 2020. Ms. Jody Rowe has elected to retire from her role effective at the date of the 2020 Annual General Meeting, after approximately six and half years of service. Ms. Rowe will leave the Strike Board to increase her focus on her business interests at Rowe Advisory, Promitheia Procurement and various other board roles. Ms. Hackett's career includes more than 30 years in the resources sector, with senior executive roles in Brown & Root, Woodside, and General Electric. Her most recent executive role was CEO of General Electric Oil & Gas for Australasia. Ms. Hackett is currently a Non-Executive Director and Chair of the Environment, Social and Safety committee at Northern Star Resources, Chair of the Future Energy Exports Cooperative Research Centre, and a Board Director and Chair of the Finance committee with LNG Marine Fuel Institute. Announcement • Oct 16
Strike Energy Limited Provides West Erregulla Update Strike Energy Limited provided an update on behalf of the EP469 Joint Venture. Since the last update, Strike has landed and cemented the 20" casing in the surface hole down to the final section depth of 1,210m. Since this time, Strike commenced drilling the 17.5" first intermediate hole section. During drilling operations, the rate of penetration reduced significantly, and it was decided to conduct an inspection of the bottom hole assembly. Upon retrieval to surface it was found that the bottom hole assembly had parted just above the mud motor and the drill bit and motor remained in hole. Subsequent fishing operations have been unsuccessful, and the decision was made to set a cement plug before side-tracking the well and drilling ahead. Strike is running in hole with a new drilling assembly to complete the 1st intermediate hole section before running 13.38" casing and cementing in place. The delays have been unfortunate; however, Strike is confident of rectifying the situation and resuming normal drilling operations. Up to three appraisal wells will be drilled in the West Erregulla field, which is located in EP469. The appraisal wells will be drilled down to 5,000m with West Erregulla 3 designed to test the continuation of the commercial gas accumulation in the northern fault block and West Erregulla 4 (and 5) to appraise the reservoir distribution in the central fault block. After various coring and logging operations all three wells will be flow tested (on success) and completed as future producers across the Kingia /High Cliff sequences for the proposed Phase 1 production operations. The Wagina gas discovery made in West Erregulla-2 will be appraised during the West Erregulla 4 & 5 wells. The West Erregulla wells are to be executed at the following coordinates: West Erregulla 3: 29° 22' 40.79" S, 115° 18' 30.70" E; West Erregulla 4 (proposed): 29° 25' 8.89" S, 115° 19' 18.15" E; West Erregulla 5 (proposed): 29° 24' 1.72" S, 115° 18' 27.17" E; Strike Energy Limited operator and the holder of a 50% joint venture interest in EP469, and Warrego Energy a holder of the other 50% joint venture interest. Announcement • Oct 13
Strike Energy Limited Provides an Update on Its Upcoming Exploration and Appraisal Programs in the Perth Basin Strike Energy Limited provided an update on its upcoming exploration and appraisal programs in the Perth Basin. Strike has secured three drilling slot options with the Ensign Rig 970 that directly follow the West Erregulla appraisal campaign. Strike will use these slots to execute its appraisal campaign at the Walyering wet-gas discovery and a proposed exploration well at South Erregulla. This new drilling campaign for CY21 has the opportunity to convert 1,686 PJ (Strike share) of best estimate (P50) prospective resources to contingent resources across Strike's Walyering and South Erregulla assets (subject to obtaining all necessary approvals, well testing, and further technical review following the campaign). The Trieste 3D seismic survey covers the southern portion of the South Erregulla structure in Beach Energy and Mitsui E&P's EP320 permit and was acquired in early 2020. Strike has recently completed processing of the Trieste 3D data set and has incorporated the seismic into its interpretation of the Greater Erregulla region. Isotime thickening and appreciable but discontinuous amplitude blooms at near Kingia level are observed in the northern part of the Trieste 3D survey. These indicators are consistent with the geophysical signatures of gas filled reservoir seen in the West Erregulla 3D seismic. By analogy with West Erregulla, these are indicative of porosity and hydrocarbons, therefore increasing the chance of success at South Erregulla from 50% to 57%. In addition, compelling amplitude blooms are also present at the basal Wagina level in the Trieste 3D survey. These amplitude blooms are, in part structurally conformable and define channel fairways and lensoid bodies similar to those observed on 3D surveys around the Beharra Springs gas field and in the recent discovery made at West Erregulla-2. This bodes well for all of Strike's adjoining, acreage in the Permian Gas Fairway as this slightly shallower play is expected to be widespread throughout the Dandaragan Trough. Strike expects results from the West Erregulla appraisal campaign will help to further de-risk South Erregulla. Pressure and log data will provide increased clarity on the West Erregulla field gas-water contact(s) and the possibility that the structures in the Greater Erregulla area are co-charged. The appraisal drilling data will be the most relevant and recent information in the area. As a result of these new findings and pending new information from West Erregulla, Strike is progressing the option of a limited 2D seismic campaign over South Erregulla (prior to the Minjiny 3D) in order to de-risk and accelerate a well location for South Erregulla-1. This 2D campaign can be executed entirely on previously cleared land, thus avoiding a lengthy approvals process. The new seismic, along with Trieste data will supplement the current 2D coverage over South Erregulla and provide confidence ahead of drilling the CY21 South Erregulla-1 well. 
