Strike Energy Limited (AU:STX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Strike Energy Limited has been awarded the full 85 MW of Certified Reserve Capacity Credits and the requested Network Access Quantity for its South Erregulla peaking gas power station by AEMO. With a published capacity price of $216,092 per MW per annum for 2026, the project is poised to generate over $18 million in its first year, not including additional forecasted energy sales and ancillary services revenue. These milestones significantly de-risk the project as it approaches its Final Investment Decision in November 2024.
For further insights into AU:STX stock, check out TipRanks’ Stock Analysis page.