Australia's best 'uncoinventional' energy play

Strike Energy (ASX: STX) is our preferred ‘unconventional’ energy play, with a focus on defining the commercial viability and overall resource extent of its Southern Cooper Basin Project, with the ultimate aim of delivering gas under long-term supply arrangements to markets in Eastern and Southern Australia. Strike has recently advised that that Orica Limited (ASX: ORI) has elected to make the first $7.5 million pre-payment under the terms of the 250PJ Gas Sales Agreement (GSA). Strike has generated steady share price appreciation over the past two years, rising from a low of $0.07 to a recent high of $0.15 - at a time when many other energy plays have fallen by the wayside. It has adopted a methodical approach to acreage selection, exploration and appraisal activity - as well as the securing of significant cornerstone gas customers. Strike has steadily de-risked its Cooper Basin project (PELs 96 & 94), which has reinforced the credibility of its strategy of unlocking gas from coal seams within the Cooper Basin.


Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.