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Strike Energy Limited (ASX:STX)

ALERT: Price-sensitive ASX Announcement for STX
Current share price for STX : $0.105 -0.01 (-8.70%)+
Announcement
Release
29 Oct 2025 8:17AM
Price at Release
$0.115
Full Release
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Summary
Strike Energy Limited has released its quarterly activities and cash flow report for the period ending September 30, 2025. The report highlights the completion of workover on the South Erregulla-1 well in preparation for production and the arrival of Jenbacher engines for the South Erregulla Peaking Gas Power Station, targeting completion by October 2026. The company reported sales revenue of $18.81 million, driven by sales gas and condensate. Cash and cash equivalents increased significantly to $105.10 million due to financing activities, including $87.67 million from equity securities. Capital expenditure totaled $31.75 million, with major investments in development projects at South Erregulla and Walyering. The company maintains a robust liquidity position, supported by undrawn debt facilities of $35.10 million.
Key Points
  • Completion of South Erregulla-1 well workover for production.
  • Delivery and installation of Jenbacher engines at South Erregulla site.
  • Targeted completion of South Erregulla Peaking Gas Power Station by October 2026.
  • Sales revenue of $18.81 million for the quarter.
  • Significant increase in cash and cash equivalents to $105.10 million.
  • Equity securities raised $87.67 million.
  • Capital expenditure of $31.75 million focused on development projects.
  • Robust liquidity with $35.10 million in undrawn debt facilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.