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    HomeGreen InfrastructureRenewable EnergyShares Escalate as Strike Energy Certifies Gas Discoveries

    Shares Escalate as Strike Energy Certifies Gas Discoveries

    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…

    Read the full article originally published at www.moneymorning.com.au.

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