Strike Energy Ltd

STX: XASX (AUS)
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Strike Energy: Corporate Action - Raising Cash for South Erregulla Peaking Plant

Perth Basin explorer/producer Strike Energy is raising up to AUD 88 million via a two-tranche equity investment from Carnarvon Energy to fund gas field development. Carnarvon will become Strike’s largest shareholder with 19.9%. There is an associated share purchase plan of AUD 10 million.

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