Strike Energy (ASX:STX) is our energy stock to watch, with an important flow-testing program underway in the Cooper Basin, SA

Strike Energy (ASX:STX) is our energy stock to watch, with an important flow-testing program underway in the Cooper Basin, SA. The company is our preferred 'unconventional' energy play. Its focus is on South Australia's Cooper Basin and on proving the extent and commercial viability of its Southern Cooper Basin Project, with the aim of delivering gas to markets in Eastern and Southern Australia. This is in effect a potentially company-making flow-testing program. Fracture stimulation operations at its first well, Le Chiffre, have been successfully completed, with equipment now being moved to the next frac location at the Klebb well site. Strike is enjoying a strong share price recovery from a 12-month low of $0.07 during July 2013 to a 12-month high of $0.16 during June 2014.


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).

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