Energy stock to watch over the coming months is Strike Energy (ASX: STX), engaged in a 3-well testing program in the Cooper Basin. In our view Strike Energy represents one of the most prospective and most undervalued 'unconventional' energy plays available to investors at the present time. It has adopted a methodical approach to acreage selection and exploration and appraisal activity, and has also signed up significant cornerstone gas customers. Interest in the stock is begiinning to building as the company has just commenced a three-well fracture stimulation, completion and flow-testing program in the Cooper Basin. The program will go a low way towards demonstrating the commerciality of its Cooper Basin Gas Project.
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