Market Update: Strike Energy shares sink on failed Perth Basin gas well

The Market Herald02-13

The ASX200 has been trading mostly flat today… with sector performances split. Utilities has been in the green by about three quarters of a per cent, while healthcare’s still feeling the CSL (ASX:CSL)...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2411386994?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-13 13:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2411386994","market":"us","top_or_hot":-1,"title":"Market Update: Strike Energy shares sink on failed Perth Basin gas well","media":"The Market Herald","content":"<div>\n<p>The ASX200 has been trading mostly flat today… with sector performances split.\nUtilities has been in the green by about three quarters of a per cent, while healthcare’s still feeling the CSL (ASX:CSL)...</p>\n\n<a href=\"https://themarketonline.com.au/market-update-strike-energy-shares-sink-on-failed-perth-basin-gas-well-2024-02-13/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Update: Strike Energy shares sink on failed Perth Basin gas well</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Update: Strike Energy shares sink on failed Perth Basin gas well\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-13 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/market-update-strike-energy-shares-sink-on-failed-perth-basin-gas-well-2024-02-13/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ASX200 has been trading mostly flat today… with sector performances split.\nUtilities has been in the green by about three quarters of a per cent, while healthcare’s still feeling the CSL (ASX:CSL)...</p>\n\n<a href=\"https://themarketonline.com.au/market-update-strike-energy-shares-sink-on-failed-perth-basin-gas-well-2024-02-13/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7067","symbol_name":"生物科技","start_time":0,"source_url":"https://themarketonline.com.au/market-update-strike-energy-shares-sink-on-failed-perth-basin-gas-well-2024-02-13/","article_id":"2411386994","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2411386994","pubTimestamp":1707800760,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The ASX200 has been trading mostly flat today…Utilities has been in the green by about three quarters of a per cent, while healthcare’s still feeling the CSL  heart drug trial fail fall out, shedding another two per cent.In this bulletin, we’ll look at news from Strike Energy, Seven West Media, Dreadnought Resources, Unith and Lithium Universe.But first, gas project developer Strike Energy  – a company just added to the ASX200 – is down more than 20 per cent on the failure of appraisal testing at the South Erregulla gas field in the Perth Basin. South Erregulla-3 has not produced gas, as expected, from its primary target zone.Stokes media giant Seven West Media  has slipped nearly 15 per cent on reports of a 49 per cent drop in underlying Net Profit After Tax to $63 million for the first half for FY24.And Lithium Universe  has announced it’s launched a comprehensive test program for a lithium carbonate refinery.","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7067":"生物科技","CSL.AU":"CSL LIMITED","DRE.AU":"DREADNOUGHT RESOURCES LTD","BK7142":"石油与天然气的勘探与生产","BK7504":"锂钴概念","UNT.AU":"UNITH LTD","BK7501":"新冠治疗股","BK7095":"多种金属与采矿","BK7104":"黄金","BK7011":"互动家庭娱乐","BK7052":"广播","SWM.AU":"SEVEN WEST MEDIA LTD","PLS.AU":"PILBARA MINERALS LTD","BK7507":"资源股","BK7045":"广告","BK7508":"医药生物股","STX.AU":"STRIKE ENERGY LTD","LU7.AU":"Lithium Universe Ltd","BK7511":"ESG概念"},"translate_title":"市场更新：罢工能源公司股价因珀斯盆地气井故障而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNT.AU":1,"SWM.AU":1,"STX.AU":1,"LU7.AU":1,"DRE.AU":1,"CSL.AU":1,"PLS.AU":0.83},"content_text":"The ASX200 has been trading mostly flat today… with sector performances split.\nUtilities has been in the green by about three quarters of a per cent, while healthcare’s still feeling the CSL (ASX:CSL) heart drug trial fail fall out, shedding another two per cent.\nConsumer sentiment in Australia is up 6.2 per cent to its highest level in 20 months, according to the Westpac Melbourne Institute Consumer Sentiment Index. It’s now sitting at 86 points and suggests improving optimism amongst consumers.\nIn this bulletin, we’ll look at news from Strike Energy, Seven West Media, Dreadnought Resources, Unith and Lithium Universe.\nBut first, gas project developer Strike Energy (ASX:STX) – a company just added to the ASX200 – is down more than 20 per cent on the failure of appraisal testing at the South Erregulla gas field in the Perth Basin. South Erregulla-3 has not produced gas, as expected, from its primary target zone.\nBut the company may consider returning to the well after reviewing further data.\nStrike Energy last traded at 33 cents.\nStokes media giant Seven West Media (ASX:SWM) has slipped nearly 15 per cent on reports of a 49 per cent drop in underlying Net Profit After Tax to $63 million for the first half for FY24.\nThe company blames  weakened advertising markets with a 5 per cent decline in revenue to $775 million.\nEarnings were down nearly 40 per cent, prompting cost-cutting measures of $60 million, with the threat of further cuts if the advertising market remains weak.\nSWM last traded at 23.5 cents.\nExplorer Dreadnought Resources (ASX:DRE) has lifted more than 15 per cent today on news of a $2.1 million R&D rebate from Canberra.\nThe funds were awarded for the company’s work on metallurgical research last financial year, as it works towards developing the Yin and Gifford Creek rare earths deposits within the Mangaroon Project.\nDRE last traded at 2.2 cents.\nAI digital human company Unith (ASX:UNT) has gained nearly 8 per cent after completing a $2 million Share Placement. $1.5 million in shares went to clients of Evolution Capital and $500-thousand to existing shareholders.\nUnith has been trading in line with the raise price at 1.4 cents.\nAnd Lithium Universe (ASX:LU7) has announced it’s launched a comprehensive test program for a lithium carbonate refinery.\nSamples from Australia and South America featuring various lithium grades have been collected and are now undergoing metallurgical laboratory processing in LU7’s contracted laboratory.\nThe company wants to ensure it can process lithium from any part of the world through its planned Quebec Lithium Carbonate Refinery.\nLithium Universe has been trading at 2.2 cents.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2411386994"}