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Why Is Carnarvon Investing A$88M in Strike Energy Now?
9:07am on Tuesday 22nd of July, 2025 AEST
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Energy
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Why Is Carnarvon Investing A$88M in Strike Energy Now?
9:07am on Tuesday 22nd of July, 2025 AEST
Key Points
Carnarvon to acquire up to 19.9% stake in Strike Energy via A$88 million placement
Strike to raise up to A$10 million through a non-underwritten Share Purchase Plan
Funds earmarked for development of South Erregulla and West Erregulla projects
Carnarvon gains board representation and participation rights with escrow and standstill conditions
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