Strike Energy up on $102 mln debt to develop Western Australia assets

Strike Energy

21/06/2024 03:57

** Shares of Australia's Strike Energy  STX.AX  rises as
much as 4.7% to A$0.225, highest level since May 28
    ** STX, an energy and fertiliser firm, marks its second
straight day of gains
    ** Stock set to end the week 8.5% higher, if trend holds
    ** Stock among top 5 gainers in the ASX 200 benchmark index
 .AXJO 
    ** Co says it reached an agreement with Macquarie Bank to
refinance existing debt for development of its Perth Basin
portfolio of natural gas assets
    ** Provision of a 5-year, A$153 mln ($101.90 mln) financing
package under the agreement
    ** STX down 55.2% this year, as of last close


($1 = 1.5015 Australian dollars)

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