Articles On Strike Energy (ASX:STX)

Strike Energy (STX) launches a “gas acceleration strategy” across its Western Australia-based projects With $136 million in hand from the sale of its Warrego Energy (WGO) shares, Strike is targeting four sources of gas production to come...

The ASX is set to follow Wall Street lower at the open on Thursday US manufacturing data suggests more Fed rate hikes could be on the table Elon Musk to unveil Tesla ‘Master Plan 3’   The ASX is poised to open lower on Thursday in line wi...

Hancock Energy now owns 95.63 per cent interest in Warrego Energy, effectively ending the months-long takeover battle. Earlier in February, Strike Energy, the only remaining suitor for Warrego after MinRes and Beach Energy stepped aside, w...

Mineral Resources (MinRes) last week finally secured control of oil and gas exploration company Norwest Energy. But how did it all start? Major mining companies have been battling for control of WA gas assets since the beginning of the yea...

Strike Energy has walked away from the Warrego Energy takeover battle with $136 million. Hancock Prospecting will now own Strike’s 30.4 per cent interest in the Perth Basin gas provider. Strike first announced that it would bow out of the...

Just five days after it was screaming its one-for-one scrip bid for Warrego was superior to Hancock Prospecting’s all cash offer, the ASX-listed small cap’s done a complete U-turn and offered its 26 per cent stake to the rival camp on a sil...

Strike Energy capitulates as Hancock gets over the line with Warrego takeover bid The US gets nudged awake following a marathon State of the Union from Biden Aussie markets end the day 0.3% higher on the back of Financials and Materials su...

ShareCafeSectors mixed as ASX edges 0.35% higher by Peter Milios   Financials and Materials led the pack, whilst Consumer Staples and Healthcare were today’s laggards. Overall, at the closing bell, the S&P/ASX 200 was 0.35 per cent high...

The tussle for Warrego Energy (ASX:WGO) has ended with Strike Energy (ASX:STX) accepting Hancock Energy’s 36c per share takeover offer for its West Erregulla gas field partner. Strike had been hopeful that its offer of one STX share for eve...

Strike Energy has accepted rival bidder Hancock Prospecting’s 36¢ a share offer over its own one-for-one scrip offer, which will curiously remain open.

Strike Energy has officially lost the long-running battle for WA gas junior Warrego Energy with the junior company finally revealing it would accept the offer from Gina Rinehart’s Hancock Prospecting. 

Mineral Resources (MinRes) has sold shares in Warrego Energy into Hancock Energy’s cash takeover offer. The drawn-out takeover battle for Perth Basin-based Warrego Energy continues, with MinRes’ decision taking Hancock’s interest in...

Those who have been following the Beach-Strike-Hancock battle to takeover Warrego Energy [ASX:WGO] will be interested to know that it has been Gina Rhinehart’s company who has made the concluding play. In upping its share offer from 28 to 3...

Cyprium and AIC Mines raise collective $65 million to boost Aussie copper production DDH1 posts strong first half figures ahead of results season Materials up 0.32% as Newcrest lifts on Newmont offer   All eyes are on Newcrest Mining (ASX...

Gina Rinehart’s Hancock Prospecting extended its all-cash bid for Warrego Energy to February 10, with the move occurring on the day the bid was set to expire. Strike Energy and Hancock have been engaged in a fierce battle for Warrego Energ...

With D-day looming for Hancock’s 36c offer for Warrego Energy, it looks no closer to meeting its 40 per cent minimum condition. But rival Strike Energy is also getting deserted by backers.

Strike Energy [ASX:STX] sought to address shareholders across a number of fronts that occurred in Q4 22 and off a bleak outlook on general gas in WA, saw its share price sinking near 3%. Year to date, the company has spent more than $4 mill...

Three ASX 300 shares are bouncing around today after the companies released their quarterly results. For perspective, the S&P/ASX 300 Index (ASX: XKO) is just 0.02% in the green at the time of writing. Let’s take a look at these thre...

When Norwest directors recommended shareholders accept Mineral Resources’ (MinRes) increased takeover offer earlier this week, it solidified the latest chapter in an increasingly competitive battle for gas assets in the Perth Basin. Norwes...

This content is created by Smallcaps Authors. [Author : Tim Treadgold] The battle of the billionaires for control of Warrego Energy (ASX: WGO) in Western Australia’s gas-rich North Perth Basin is heading towards a showdown but the war is...

The Australian share market is making another move higher today, bringing returns from the S&P/ASX 200 Index (ASX: XJO) to 7.8% so far this year. Today’s enthusiasm is being felt across ASX energy shares, with the sector’s performance...

Warrego Energy shareholders appear unconvinced by both Strike and Gina Rinehart’s bids for the Perth Basin gas play.

Strike Energy (STX) enters rig sharing agreement with Mineral Resources (MIN) and JV partner for use of the Ensign 970 rig for its 2023-2024 drilling campaign Since August 2020, Strike has successfully drilled six wells using the Ensign...

There’s an odd new arrival on Perth Basin gas player Strike Energy’s shareholder register amid the takeover battle for Warrego Energy.

Talon Energy (TPD) and joint venture partner Strike Energy (STX) receive production licence grant for the Walyering gas project in Western Australia The grant of the licence by the WA Department of Mines, Industry, Regulation and Safety...

Coming to the close of the 2022 calendar year, Warrego Energy [ASX:WGO] was the subject of some impassioned interest from prospective energy company competitors. Warrego, caught at the centre of a bidding triangle had first knocked down Str...

ShareCafePositive open despite higher-than-expected inflation data: ASX up 0.66% at noon by Peter Milios   The data released shows that Australia’s monthly inflation data for November has reached 7.3 per cent, which is above the consensus f...

The prospect of a greater reward has led Warrego Energy (ASX:WGO) co-founder Duncan MacNiven to accept Hancock Energy’s revised offer for the shares he owns in the company. While MacNiven has accepted the initial 28c per share cash offer fo...

ShareCafeIGO Hunting that Essential Acquisition Australian miner IGO Ltd and its Chinese partner Tanqui have made a well-timed bid for the smaller lithium aspirant Essential Metals at a likely cost of around $A136 million. The bid’s logic i...

There’s electricity in the air this morning as a handful of ASX lithium shares bask in the excitement of recent acquisition developments. At the time of writing, the broad S&P/ASX 200 Index (ASX: XJO) is enjoying a green start to the...

Highlights The EBITDA of New Hope Corporation in the quarter ending October 2022 was AU$648.1 million. The zero-spin silicon (ZS-Si) project of Silex Systems achieved its target enrichment objectives. Askari Metals completed phase I r...

The S&P/ASX 200 Index (ASX: XJO) appears set to end the first week of 2023 in the green, with ASX lithium shares helping it get there. Stocks in the battery-making material are outperforming all others on the index today while their ho...

Gina Rinehart’s Hancock Prospecting has increased its takeover bid for Warrego Energy after Mineral Resources (MinRes) entered the fray for the Perth Basin gas player. The activity surrounding Warrego is evidence of mining companies vying...

Strike Energy (STX) releases a second supplementary bidder’s statement claiming its takeover offer of Warrego Energy (WGO) is still ‘best value’ for WGO shareholders Strike’s offer exceeds that of Hancock Energy which yesterday was upped...

ASX shares are broadly off to a good start in 2023. Since the opening bell on 3 January, the All Ordinaries Index (ASX: XAO) is up a healthy 1.7%. Joining in the rally today, two ASX shares have just hit new 52-week highs. Gold regaining...

The Warrego Energy Ltd (ASX: WGO) share price is roaring higher on Thursday after Hancock Energy – owned by mining magnate and Australia’s richest person Gina Rinehart – upped its takeover bid for the ASX company. Rinehart has today...

Warrego Energy (WGO) receives a share offer from Hancock Energy, upped by 8 cents to surpass Strike Energy’s (STX) previous scrip bid Hancock lodged a sixth supplementary bidders statement in its quest for Warrego, offering 36 cents per...

Shareholders in Norwest Energy (ASX:NWE) have woken up to the first full day of an opportunity to convert their shareholdings in the company into penny packets of shares in one of Australia’s major resources companies. Of course when said c...

Little joy for investors in December with traditional Christmas rally not eventuating in 2022 Meteoric Resources leads December winners after positive metallurgical results at its new Caldeira project. Symbio Holdings saw its share price p...

December winner Meteoric Resources sees a non-executive director buy 6 million shares Northern Star Resources and Chalice Mining directors sell in December for tax obligations Johns Lyng Group COO Lindsay Barber sells 4 million shares, ~3...

With the ongoing energy crisis keeping gas prices elevated, Australian oil and gas explorers were quick to catch the attention of predatory investors over the last 12 months with exploration (and development) success top of the shopping lis...

Greg Columbus says Warrego shareholders accepting Hancock Prospecting’s bid will surrender all upside from a combination of the Perth Basin players.

The ASX 200 looks set to open 0.90% higher today Trading volume is lighter, but it could lead to outsized moves The new year could bring a bit of a revival   The world breathed a sigh of relief yesterday as U.S. markets closed higher, wit...

Those invested in Rio Tinto Limited (ASX: RIO) shares have likely had a good year. The stock has lifted 15% since the start of 2022. But those who have held the S&P/ASX 200 Index (ASX: XJO) iron ore giantâ€...

Christmas is nearly here!! Can you feel the magic in the air? Or is that just pollen? It’s honestly getting hard to tell. Either way, it’s the end of the last Wednesday before Christmas, and there can’t be a much better reason than that to...

Rio Tinto Limited (ASX: RIO) shares offer investors a very high dividend yield much of the time. The ASX iron ore share pays one of the largest dividends on the ASX, although there’s more to a dividend than just the dollar amount. Of c...

World Overnight SPI Overnight 7173.00 + 27.00 0.38% S&P ASX 200 7133.90 – 14.80 – 0.21% S&P500 3817.66 – 34.70 – 0.90% Nasdaq Comp 10546.03 – 159.38 – 1.49% DJIA 32757.54 – 162.92 – 0.49% S&P500 VIX 22.42 – 0.20 –...

Strike Energy (STX) ups the ante once more in its battle for full control of joint venture partner Warrego Energy (WGO), now offering a one-for-one all-scrip dealThe new bid implies an offer of 33.5 cents per WGO share — a 19.6 per cent pre...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) looks set to start the week with a small decline. At the time of writing, the benchmark index is down 0.1% to 7,141.8 points. Four ASX shares that are falling more than most today a...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. The benchmark index is currently down a few points to 7,144.7 points. Four ASX shares that are not letting that hold them back...