Today, Perth-based gas and geothermal energy producer Strike Energy [ASX:STX] said it has had its combined Kingia Sandstone gas reserves and resources independently certified.
What followed was a surge in share price; Strike shares were rocketing 7% upwards merely hours after making the announcement on Wednesday.
While shares were worth 23 cents earlier today, the energy resources stock has seen a tumultuous landslide of 18% over the last month as recessionary fears hit home with many investors.
Nevertheless, despite lagging in its sector by 34% over the past 12 months, Strike has managed a gain of more than 12% on its own metrics in the year so far.
Source: Trading View
Strike’s South Erregulla Kingia progress
This morning, gas and resources producer Strike Energy revealed that its 100%-owned South Erregulla site has now received independent…