Australia's Strike Energy jumps on gas transportation deal with APA

Strike Energy

12/03/2024 03:44

** Shares of Strike Energy  STX.AX  climb as much as 9.5% to
A$0.230, posting their biggest intraday gain since Feb. 21
    ** Shares hit their highest level since Feb 23 
    ** The energy explorer says it has entered a 2-year gas
transportation agreement with APA Group
    ** Says deal to allow total of 10 terajoules per day of gas
to be delivered into the Dampier to Bunbury Natural Gas Pipeline
from co's Walyering gas processing facility from late 2024 
    ** Stock down ~56% this year, as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))