Strike records "major turning point" in third quarter: MD

STRIKE Energy’s report for the three months ended September 30 found the company with A$6 million in cash, down from $11.3 million the previous quarter thanks to the spend related to its headline grabbing West Erregulla-2 well. 

Strike records "major turning point" in third quarter: MD Strike records "major turning point" in third quarter: MD Strike records "major turning point" in third quarter: MD Strike records "major turning point" in third quarter: MD Strike records "major turning point" in third quarter: MD

WE-2 flaring

 
"The quality and size of these discoveries saw the company's market capitalisation increase by 350% to over $440 million during the quarter," managing director Stuart Nicholls said.