Strike Energy

Reactive domestic gas policy changes by the state government present a threat to stable supply in Western Australia, according to Strike Energy chair John Poynton.

Strike Energy has secured a sales agreement with Alinta Energy as it ramps up marketing activities for production from its Walyering gas field in the Perth Basin.

Premier Roger Cook has left the door ajar for the export ambitions of gas developers in the Perth Basin, committing to look at the state’s domestic policy settings over the next six months.

Wholesale electricity prices in WA were double the national average in recent months, driven higher by the November heatwave and the increased cost of managing a restructured market.

John Poynton-chaired Perth Basin gas producer Strike Energy will join the S&P/ASX 200 index from Friday, replacing Costa Group Holdings.

Roger Cook has conceded a policy that requires 100 per cent of onshore gas to be used domestically will mean little if it stifles investment, as his government explore its domgas settings.

Perth Basin gas producer Strike Energy says it is disappointed with well testing results from its South Erregulla project, but will use the data gathered to guide the project’s modelling.

Shares in Strike Energy plummeted a further 25 per cent today as the company updated on well testing at its South Erregulla gas project in the Perth Basin.

Strike Energy chair John Poynton says recent test well disappointment at the South Erregulla project had caused a period of reflection at the company, but maintains the future is bright.

A year's a long time in the oil and gas business and plenty can change during that period.

Mark Beyer and Mark Pownall discuss takeover deals for MMA and APM; hydrogen approvals challenges; payroll tax; WA’s gas market; and resource export outlook.

Strike Energy has not given up on developing a standalone gas project at its South Erregulla project in the Perth Basin, despite recent drill rig disappointment in the area.

The alliance representing the state’s largest domestic gas users is ramping up its campaign to keep onshore gas in WA, as the premier’s stance on the issue appears to be wavering.

A key Perth Basin gas producer has hit back at the state’s major gas users for seeking to block LNG exports from onshore projects, accusing them of cartel-like behavour.

Strike Energy has recovered the development cost of its Walyering gas project in the Perth Basin after just eight months, a timeframe the company says is among the fastest in recent history.

Strike Energy has refinanced and secured additional funding to support its Perth Basin gas acceleration strategy, agreeing to terms on a $153 million Macquarie Bank funding package.

Strike Energy has unveiled a plan to build and operate a gas power plant in a bid to support the state’s main electricity grid, tapping its gas reserves at South Erregulla in the Perth Basin.

A Perth Basin gas project jointly owned by Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy has been granted a key state approval.

Perth Basin gas producer Strike Energy says it is closing in on a final investment decision at two key projects, including the West Erregulla resource owned in JV with Hancock Prospecting.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Strike Energy has locked in a $48.5 million contract for its 85-megawatt South Erregulla peaking gas power plant in the state’s Midwest, as it awaits regulatory go-ahead on the plan.

Strike Energy shares slipped to their lowest point since 2021 this morning, after its L7 joint venture partners revealed they would abandon a Perth Basin exploration well.

The long-awaited report into the state's domestic gas policy will be tabled this week, a deadline confirmed hours after opposition voices warned of the consequences of further pushback.

ASX-listers Strike Energy and Frontier Energy have each received Australian Energy Market Operator approval to supply peaking power into the South West Interconnected System.

A joint venture between Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy has been granted a gas production licence at the West Erregulla project in the Perth Basin.

Mark Beyer and Jack McGinn discuss the major findings from the domestic gas inquiry; Collgar's wind farm plan; Western Power's nuclear stance; Pilbara energy enablers; Perdaman's Karratha plan; the price of iron ore; Nicheliving's woes and Sanur's Subi battle; Vern Wheatley's legacy, and preview the upcoming edition of the Business News magazine.

Perth Basin producer Strike Energy has made two new discoveries during drilling at its Erregulla Deep-1 well, intercepting gas at depths never previously encountered in the region.

Premier Roger Cook has conceded not all businesses will be happy with his government’s decision to ease gas export restrictions, but insists it is the right move for the state.

Strike Energy chair John Poynton has committed to restoring value in the company’s stock, after an abrupt sell-down triggered by exploration disappointment earlier this year.

The Australian Energy Market Operator has given Strike Energy’s proposed South Erregulla peaking power plant a leg up, granting it credits to contribute to the electricity grid in 2026.

ANALYSIS: Incentives from the Australian Energy Market Operator to stimulate growth of the state’s battery storage capacity may have dented a renewable project’s production vision.

The state’s peak planning body has approved a $145 million gas plant at Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy’s West Erregulla project.

Gina Rinehart’s Hancock Prospecting has struck a deal to buy Mineral Resources’ Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.

Strike Energy’s plan to build an 85-megawatt peaking gas power plant has inched forward, with the multi-million-dollar proposal set to go before the planning authority.

John Poynton-chaired Strike Energy has cleared a planning hurdle over its $100 million South Erregulla power station proposal.

Strike Energy will build its $137 million South Erregulla gas power plant, but a final call on its West Erregulla joint venture development with Hancock Prospecting has been pushed back.

The near-term supply outlook for Western Australia’s domestic gas market has improved this year, but 2028 looms as a critical juncture in the state’s energy future.

A development panel has approved John Poynton-chaired Strike Energy’s plan to build a multi-million-dollar power line at its South Erregulla power station.

Stuart Nicholls will resign as chief executive and managing director of John Poynton-chaired Strike Energy, with directors Jill Hoffmann and Nev Power stepping in.

Strike Energy has not ruled out asset divestment as part of a strategic review of its operations, while its new management prepares to meet joint venture partner Hancock Prospecting today.