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Why Carnarvon Is Betting $89M to Own Nearly 20% of Strike Energy
9:08am on Tuesday 22nd of July, 2025 AEST
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Energy
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Why Carnarvon Is Betting $89M to Own Nearly 20% of Strike Energy
9:08am on Tuesday 22nd of July, 2025 AEST
Key Points
Carnarvon to invest $89 million for up to 19.9% stake in Strike Energy
Investment priced 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 cash reserves and ceases planned capital return
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Carnarvon Energy (ASX:CVN)
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