Strike Energy Ltd
STX: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !.> | LOCK|rT | LOCK|FGz<&w@ |
Strike Energy: Corporate Action - Raising Cash for South Erregulla Peaking Plant
Perth Basin explorer/producer Strike Energy is raising up to AUD 88 million via a two-tranche equity investment from Carnarvon Energy to fund gas field development. Carnarvon will become Strike’s largest shareholder with 19.9%. There is an associated share purchase plan of AUD 10 million.
