Aussie natural gas firm Strike Energy tops benchmark on positive drilling updates

Strike Energy

27/06/2024 03:09

** Shares of natural gas explorer Strike Energy Ltd  STX.AX 
rise as much as 6.4% to A$0.250, their highest level since April
8
    ** STX top gainer in the ASX 200 benchmark index  .AXJO 
    ** Says Walyering-7 appraisal well commenced its production
testing program into the Walyering gas processing facility in
Western Australia
    ** Adds that drilling has begun at Erregulla Deep-1
exploration well in the West Erregulla field in Western
Australia
    ** Says it expects to reach total depth at Erregulla Deep-1
in ~40 days
    ** STX down 51% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))