Strike Energy Secures A$89 Million Injection from Carnarvon to Advance Perth Basin Projects

Strike Energy Limited has confirmed a strategic capital commitment of A$89 million from Carnarvon Energy following its recent Extraordinary General Meeting. The investment strengthens Strike’s balance sheet and signals external confidence in the company’s asset portfolio. Management says the funds will be directed toward advancing priority projects in the Perth Basin. Key beneficiaries of the financing are the South Erregulla and West Erregulla developments, with the company targeting material progress and milestones by 2026. Market sentiment has been unsettled by a reserves downgrade at the Walyering field, but Strike emphasizes its focus on long-term value creation and several near-term operational catalysts. Analysts currently rate AU:STX as a Buy with a A$0.15 price target. Investors can view consolidated forecasts on the AU:STX stock coverage page. About Strike Energy: the company is active in gas exploration and production within the Perth Basin and holds four discovered and certified gas fields. Its strategy prioritizes low-cost domestic gas supply and an integrated gas-to-power approach to support Western Australia’s energy transition. Market snapshot: average trading...