Strike Energy Limited (AU:STX) has released an update.
Strike Energy Limited has announced positive developments as the Western Australian government has lifted the export ban on onshore gas, allowing the company to export up to 20% of its gas production from the Perth Basin assets until the end of 2030. This policy change is expected to enhance Strike’s operations, potentially accelerating exploration activities and investment in the region, given the company’s significant uncontracted gas reserves and the recent Erregulla Deep gas discovery.
For further insights into AU:STX stock, check out TipRanks’ Stock Analysis page.
