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STX - STRIKE ENERGY LIMITED


toilet

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Strike Energy has unveiled plans for a $2.3 billion fertilisers venture in Western Australia, taking advantage of its abundance of low-cost gas discovered in the Perth Basin and involving also the production of green hydrogen.

 

The project is to be based at Geraldton on the WA midwest coast, and will involve partnerships for equity stakes and for sales of ammonia and urea produced at the plant.

• Project Haber will secure more than 628 PJ of additional demand for Strike’s low cost Perth Basin gas and will support the commercialisation of the Greater Erregulla gas resources.

• Strike has completed feasibility studies with TechnipFMC on a national scale 1.4 mtpa urea facility with a blended input of some blue and green hydrogen.

• Development WA have approved for award to Strike an option to lease over 60 hectares of strategically positioned land near Geraldton with existing port, rail and road access.

• Urea production will consume the majority of carbon from the gas stream and will enable partial chemical sequestration of the project’s carbon output

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  • 3 months later...

yep, the webinar says it all. Still the SP is somewhat dependent on oil price, though reports of high E coast gas prices (industry is always crying out) must mean something:

 

Strike Energy aspires to be the lowest cost onshore gas producer in Australia

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In November 2019, Strike Energy told shareholders it had estimated 1185 trillion cubic feet of gas at [West Erragulla]. But shockingly, joint venture partner Warrego Energy disagreed, telling its shareholders in May 2020 that a third-party review had estimated roughly half that amount. In response, Strike said it was “confident in its modelling”.

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But this month, it turned out both estimates were too optimistic, the latest independent assessment slightly lower than even Warrego’s cautious accounting. Strike’s share price fell 30 per cent in the two days after that 11 October release, and hasn’t yet recovered

Ouch. Never touched it (and glad)

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