The board at John Poynton-chaired Strike Energy will take a 20 per cent pay cut, as the company seeks to “rebuild its credibility” after receiving frank shareholder feedback.
Carnarvon Energy has once again voiced its disappointment at joint venture partner Santos over the stalled Dorado oil project off WA but remains confident the project will one day be built.
Strike Energy and Hancock Prospecting are continuing work towards a final investment decision at the West Erregulla gas project, but the project's final form remains unclear.
Strike Energy chairman John Poynton says Walyering's downgrade shouldn't overshadow its oil and gas portfolio, as shareholders approve Carnarvon Energy's investment.
John Poynton-chaired Strike Energy has predicted an impairment of up to $108 million on its oil and gas assets after a significant downgrade in its reserves.
Carnarvon Energy will become the biggest shareholder in Perth gas play Strike Energy but despite this support, Strike's share price fell sharply today after a project update.
Experienced businessman Peter Stokes has been appointed managing director and chief executive of Strike Energy, as the company aims to further strengthen its leadership team.
John Poynton-chaired Strike Energy has announced the appointment of Tim Cooper as chief financial officer and company secretary, effective immediately.
A Perth Basin gas exploration joint venture which counts John Poynton-chaired Strike Energy among its partners has abandoned its latest exploration well.
Our weekly appointments wrap includes Stuart Nicholls, Tony Kiernan, Peter Blackmore, Fabio Mancini, Pele Reeve, Rick McKenzie, Brad O'Donnell, Matthew Keating, and new board members and staff announcements for the Centre for Stories.
Strike Energy has not ruled out asset divestment as part of a strategic review of its operations, while its new management prepares to meet joint venture partner Hancock Prospecting today.
Stuart Nicholls will resign as chief executive and managing director of John Poynton-chaired Strike Energy, with directors Jill Hoffmann and Nev Power stepping in.
A development panel has approved John Poynton-chaired Strike Energy's plan to build a multi-million-dollar power line at its South Erregulla power station.
The near-term supply outlook for Western Australia's domestic gas market has improved this year, but 2028 looms as a critical juncture in the state's energy future.
Strike Energy will build its $137 million South Erregulla gas power plant, but a final call on its West Erregulla joint venture development with Hancock Prospecting has been pushed back.
Strike Energy's plan to build an 85-megawatt peaking gas power plant has inched forward, with the multi-million-dollar proposal set to go before the planning authority.
Gina Rinehart's Hancock Prospecting has struck a deal to buy Mineral Resources' Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.
The state's peak planning body has approved a $145 million gas plant at Gina Rinehart's Hancock Energy and John Poynton-chaired Strike Energy's West Erregulla project.
ANALYSIS: Incentives from the Australian Energy Market Operator to stimulate growth of the state's battery storage capacity may have dented a renewable project's production vision.
The Australian Energy Market Operator has given Strike Energy's proposed South Erregulla peaking power plant a leg up, granting it credits to contribute to the electricity grid in 2026.
Triangle Energy has secured the crucial environmental plan approval to drill its Becos-1 well in WA's Perth Basin and expects to launch the campaign before year's end in its quest for onshore oil and gas. Rig tenders are now underway to test the shallow target where a best estimate of 5 MMbbl has been identified, with the potential to reach as much as 21 MMbbl.
Strike Energy chair John Poynton has committed to restoring value in the company's stock, after an abrupt sell-down triggered by exploration disappointment earlier this year.
Premier Roger Cook has conceded not all businesses will be happy with his government's decision to ease gas export restrictions, but insists it is the right move for the state.
Perth Basin producer Strike Energy has made two new discoveries during drilling at its Erregulla Deep-1 well, intercepting gas at depths never previously encountered in the region.
Hot on the heels of kicking off the oil well pad construction at the Rafael Shallow 1 project in Western Australia's Canning Basin earlier this week, Buru Energy has named David Maxwell as the company's new chairman. Maxwell will replace retiring chairman and founding shareholder Eric Streitberg, who is regarded as an industry stalwart after compiling a 50-year career.
Mark Beyer and Jack McGinn discuss the major findings from the domestic gas inquiry; Collgar's wind farm plan; Western Power's nuclear stance; Pilbara energy enablers; Perdaman's Karratha plan; the price of iron ore; Nicheliving's woes and Sanur's Subi battle; Vern Wheatley's legacy, and preview the upcoming edition of the Business News magazine.
A joint venture between Gina Rinehart's Hancock Energy and John Poynton-chaired Strike Energy has been granted a gas production licence at the West Erregulla project in the Perth Basin.
ASX-listers Strike Energy and Frontier Energy have each received Australian Energy Market Operator approval to supply peaking power into the South West Interconnected System.
The long-awaited report into the state's domestic gas policy will be tabled this week, a deadline confirmed hours after opposition voices warned of the consequences of further pushback.
Strike Energy shares slipped to their lowest point since 2021 this morning, after its L7 joint venture partners revealed they would abandon a Perth Basin exploration well.
Strike Energy has locked in a $48.5 million contract for its 85-megawatt South Erregulla peaking gas power plant in the state's Midwest, as it awaits regulatory go-ahead on the plan.
Triangle Energy Global's hunt for onshore oil and gas in Western Australia has grown white-hot, with the spudding of its Booth-1 exploration well at the Booth prospect marking the launch of a highly-anticipated drilling campaign in the underexplored North Perth Basin. The drilling is targeting a hefty 279 billion cubic feet resource as part of Triangle's joint venture agreement with Strike Energy and Echelon Resources.
Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.
Triangle Energy says its recent $4m capital raise was well supported by financial institutions and sophisticated investors as the company prepares to break out the drill rig for the first time in years in the Perth basin. Triangle is pivoting out of its near depleted Cliff Head offshore oil well and back into exploration with two interesting looking Perth Basin oil and gas plays.
