Strike Energy (ASX: STX) - 'Under the Radar' Energy Play Outperforming its Much Larger Peers
Strike Energy (ASX: STX) represents one of the few success stories at the present time throughout the entire energy sector. The company's achievements to this point are a reflection of its methodical approach to acreage selection, exploration and appraisal activity, as well as the securing of significant cornerstone has customers. The company’s current focus is on defining the commercial viability and overall resource extent of its domestic gas project, with the ultimate aim of delivering gas under long-term supply arrangements to growing energy markets in Southeastern Australia. The company is just completing a $6.7m capital raising to ensure it is fully funded. The establishment of gas flows to surface has positioned the company's Southern Cooper Basin Gas Project as one of the few new gas resources with the potential to supply gas at scale to the Eastern Australian gas markets within the next few years.
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).