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Why Carnarvon Is Betting $89M on Strike Energy’s Gas Growth
9:07am on Tuesday 22nd of July, 2025 AEST
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Energy
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Why Carnarvon Is Betting $89M on Strike Energy’s Gas Growth
9:07am on Tuesday 22nd of July, 2025 AEST
Key Points
Carnarvon to invest $89 million for up to 19.9% stake in Strike Energy
Investment price at $0.12 per share, a 19.7% discount to recent trading
Funds to support Strike’s South Erregulla power station and West Erregulla gas project
Carnarvon retains strong balance sheet and exposure to Bedout Sub-basin assets
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Strike Energy (ASX:STX)
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