Business
Strike Energy (ASX:STX) share price rising on more WA gas discoveries
The Strike Energy Ltd (ASX: STX) share price is rising today after the company advised results from its gas exploration projects in Western Australia have been “above expectations”.
At the time of writing, the Strike Energy share price has lifted 4.5%, trading at 34.5 cents per share.
Strike Energy is principally engaged in the exploration and development of oil and gas resources in Australia. It primarily focuses on the Southern Cooper Basin Gas Project, Perth Basin, and West Erregulla, where the company’s announcement regards today.
The West Erregulla gas field is one of Australia’s most prominent and has been consistently explored since 1990. Its located in the northern-Perth basin, which makes extraction and…
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