Australia's Strike Energy records worst fall in about two decades on failed well test

Strike Energy

13/02/2024 24:36

** Australia's energy explorer Strike Energy  STX.AX 
plunges as much as 31% to A$0.290, marking its worst intraday
pct fall since January 2005
    ** STX top loser in the ASX 200 benchmark index  .AXJO 
    ** STX at its lowest level since Dec. 1, 2022
    ** Says South Erregulla-3 (SE-3) well at the South Erregulla
field in Perth Basin failed to flow 
    ** Adds will begin testing on SE-2 well shortly
    ** More than 21.2 mln shares changed hands, vs the 30-day
average of 13.3 mln shares
    ** Down 12.5% this year, as of last close

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