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Strike Energy STX.AX · AUD

Energy · ASX · 🇦🇺 Australia

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Close of 9 Nov 2026, in AUD

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About Strike Energy

Its shares trade on ASX under the ticker STX.AX. It has been listed since 5 August 2004. In the fiscal year to 30 June 2026, it reported revenue of A$62.8m and a net loss of A$27.2m. At that date it held total assets of A$591.7m and shareholders' equity of A$355.6m.

Strike Energy Ltd. engages in the exploration and development of oil and gas resources. The company is headquartered in Sydney, New South Wales. The company went IPO on 2004-08-05. The firm's segments are Australia and the United States. The company focuses on the development of a gas resource in the Southern Cooper Basin. Its Southern Cooper Basin Gas Project is centered in and around its PEL 96 permit area. The firm holds working interests in the Eagle Landing joint venture. The Eagle Landing joint venture includes the Bigham 1 H Unit in Fayette County, Texas, which consists of approximately 850.32 acres. The company holds working interests in the Eaglewood joint venture. The company also holds working interests in various wells and units producing from the Clearfork Formation in Martin County, Texas. The firm also holds interests in PEL 515 and PELA 640 in the Cooper-Eromanga Basin in Australia. The firm also has exploration permits in the Carnarvon Basin and rights over a 578-million ton lignite resource in South Australia.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Listed since
5 Aug 2004
Employees
24

Leadership

Pay as last reported

  • Mr. John PoyntonNon-Executive Independent Chairman of the BoardA$236,291
  • Mr. Stuart NichollsChief Executive Officer, Managing Director, since 2017A$1.4m
  • Mr. Neville PowerNon-Executive Independent Deputy Chairman of the BoardA$133,292
  • Mr. Justin FerravantChief Financial Officer, Company SecretaryA$811,583
  • Mr. Kevin CraigChief Operating OfficerA$758,371
  • Mr. Anthony CollierChief Development and Marketing OfficerA$771,951
  • Ms. Lucy GauvinGeneral CounselA$769,475
  • Mr. Stephen BizzellNon-Executive Independent DirectorA$133,292
  • Ms. Mary HackettNon-Executive Independent DirectorA$151,468
  • Ms. Jillian HoffmannNon-Executive Independent DirectorA$717,241
  • Mr. Andrew SeatonNon-Executive Independent DirectorA$151,468
  • Ms. Emma AlexanderInvestor Relations & Corporate Manager, since 2024

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
39
Environment
26
Social
38
Governance
55
Direct emissions (scope 1)
24,058 t
Energy emissions (scope 2)
32 t
Women in the workforce
39%
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Strike Energy Ltd has several key strengths that contribute to its success in the market. Firstly, the company has access to significant natural gas reserves, providing a reliable and sustainable source of energy. This strong resource base allows Strike Energy to meet customer demands and maintain a competitive edge in the industry.
  • Another strength is Strike Energy's strong financial position. The company has a solid balance sheet and robust cash flows, enabling it to invest in research and development, expand operations, and pursue new growth opportunities. This financial stability enhances investor confidence and supports long-term sustainability.

Weaknesses

  • Despite its strengths, Strike Energy Ltd also faces certain weaknesses that can hinder its performance. One major weakness is its limited geographic presence. The company operates primarily in Australia, which exposes it to regional economic fluctuations and regulatory risks. Diversifying its operations into new markets could mitigate this weakness and provide greater stability in the long run.
  • Additionally, Strike Energy has a relatively small market share compared to some of its competitors. This lack of market dominance limits its bargaining power with suppliers and customers, potentially impacting profitability and growth prospects. Expanding market share through strategic partnerships or acquisitions could help address this weakness.

Opportunities

  • Strike Energy Ltd has several opportunities it can capitalize on to drive future growth. Firstly, the increasing global demand for clean energy presents a significant opportunity for the company. Strike Energy's focus on natural gas, a cleaner-burning fossil fuel, positions it well to meet these growing environmental concerns and tap into new markets.
  • Furthermore, the ongoing shift towards renewable energy sources opens doors for Strike Energy to diversify its offerings. Investing in renewable energy technologies such as wind or solar can enable the company to broaden its customer base and align with sustainability trends, strengthening its competitive position.

Threats

  • Strike Energy must also navigate certain threats that could impact its operations. One significant threat is the volatility of global energy prices. Fluctuating oil and gas prices can affect profitability and investment decisions. To mitigate this risk, Strike Energy should implement effective risk management strategies and explore mechanisms like long-term contracts or hedging to stabilize revenues.
  • Additionally, environmental regulations and public sentiment towards fossil fuels pose a threat to Strike Energy's operations. The company needs to proactively address environmental concerns through responsible practices, investing in carbon capture and storage technologies, and communicating its commitment to sustainability to mitigate potential backlash.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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