Business
Strike Energy (ASX:STX) share price rises on business update
The Strike Energy Ltd (ASX: STX) share price was trading higher today following news of a new pipeline for the Western Australia gas market.
At close of trade today, the Strike Energy share price is up 1.92% to 26 cents. In comparison, the All Ordinaries Index (ASX: XAO) is 0.5% higher at 6,888 points.
What’s driving the Strike Energy share price?
The oil and gas explorer provided a business update following APA Group‘s (ASX: APA) pipeline announcement earlier today.
The APA Group advised it plans to invest $460 million to build a 580km gas pipeline. The 12″ pipeline will connect gas fields from the Perth Basin to the Goldfields region, forming an interconnected Western Australia gas grid. The project is due to become…
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