Strike Should Consider Selling Assets to Hancock -- Market Talk

Dow Jones11-01

2240 GMT - Mineral Resources's sale of natural-gas assets to Hancock Prospecting could impact Strike Energy's West Erregulla project, reckons Macquarie. Hancock will pay A$804 million upfront to Mineral Resources for its exploration permits. It will pay another A$327 million if certain resource thresholds are met. In a note, Macquarie says the deal creates a misalignment in the West Erregulla and Erregulla Deep joint venture. That's because Hancock is now more heavily invested in acreage that it operates to the north. "An optimal outcome for Stroke Energy shareholders could be to monetize EP469 discoveries (West Erregulla & Erregulla Deep) to Hancock, and recycle this capital to other opportunities," Macquarie says. This would eliminate what could be a lengthy period of uncertainty in Strike's main asset, it adds. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 31, 2024 18:40 ET (22:40 GMT)

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That's because Hancock is now more heavily invested in acreage that it operates to the north. \"An optimal outcome for Stroke Energy shareholders could be to monetize EP469 discoveries (West Erregulla &amp; Erregulla Deep) to Hancock, and recycle this capital to other opportunities,\" Macquarie says. This would eliminate what could be a lengthy period of uncertainty in Strike's main asset, it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 18:40 ET (22:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>Strike Should Consider Selling Assets to Hancock -- Market Talk</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\">\nStrike Should Consider Selling Assets to Hancock -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 06:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2240 GMT - Mineral Resources's sale of natural-gas assets to Hancock Prospecting could impact Strike Energy's West Erregulla project, reckons Macquarie. Hancock will pay A$804 million upfront to ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480096744","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480096744","pubTimestamp":1730414400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2240 GMT - Mineral Resources's sale of natural-gas assets to Hancock Prospecting could impact Strike Energy's West Erregulla project, reckons Macquarie. Hancock will pay A$804 million upfront to Mineral Resources for its exploration permits. It will pay another A$327 million if certain resource thresholds are met. In a note, Macquarie says the deal creates a misalignment in the West Erregulla and Erregulla Deep joint venture. That's because Hancock is now more heavily invested in acreage that it operates to the north. \"An optimal outcome for Stroke Energy shareholders could be to monetize EP469 discoveries  to Hancock, and recycle this capital to other opportunities,\" Macquarie says. This would eliminate what could be a lengthy period of uncertainty in Strike's main asset, it adds. 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