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Strike Energy Limited (ASX:STX)

ALERT: Price-sensitive ASX Announcement for STX
Current share price for STX : $0.105 0 (0%)+
Announcement
Release
17 Aug 2026 8:26AM
Price at Release
$0.105
Full Release
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Summary
Strike Energy Limited has completed its annual review of Reserves and Resources at the Walyering gas field, including the discovery of Walyering West, resulting in an upgrade to 2P Reserves. Independent assessments by RISC Advisory indicate an increase in 1P, 2P, and 3P Reserves, predominantly from the C1 sand in Walyering West 1. Strike's Contingent Resources have also increased significantly due to the Walyering West discovery. The company is progressing with plans and engineering for integrating Walyering West 1 with the existing Walyering processing infrastructure, with a final investment decision expected by Q4 2026. Strike Energy aims to maintain and optimize production to support its gas supply agreements, positioning Walyering as a vital domestic gas supplier for Western Australia.
Key Points
  • Annual review shows 2P Reserves Upgrade at Walyering field.
  • Walyering West discovery significantly boosts Reserves.
  • RISC Advisory confirms increased 1P, 2P, 3P Reserves.
  • Contingent Resources see a 10 PJ uplift from Walyering West.
  • Strike plans FEED for Walyering West 1 integration.
  • Final investment decision expected in Q4 2026.
  • Walyering is a key gas supplier for Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.