Striking a deal in the Cooper

STRIKE Energy has inked an agreement with manufacturer Orica Energy for the supply of up to 150 petajoules of gas from its PEL 96 permit over 20 years, which will involve Orica providing $52.5 million in up-front capital in exchange for “competitive pricing” options.

17 July 2013
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It told the market this morning that the deal would effectively provide the underpinning it needs to develop the resource at PEL96, which Strike said had a prospective resource of 2.

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