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What Are the Details of Strike Energy's Gas Sales Agreement with Alinta Energy? — ASX:STX| ASX Mining News & Discussion
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Lykeshares
2y
Official
$STX
What Are the Details of Strike Energy's Gas Sales Agreement with Alinta Energy?
Walyering Gas Field Achieves Production Milestone and Secures Key Agreement with Alinta Energy
January 3, 2024 – Strike Energy Limited (ASX: STX), an emerging leader in the Australian energy sector, has announced a significant update regarding its Walyering gas field, marking a pivotal moment in its production and marketing strategy.
Alinta Energy Gas Sales Agreement: A Strategic Move
Strike Energy has successfully executed a firm 100% take or pay gas sales agreement with Alinta Energy WA Pty Ltd. This agreement, set to commence in February 2024, will see a total of 3.4 petajoules (PJ) of gas delivered into the Parmelia Gas Pipeline over approximately two years.
Walyering Gas Field: Reaching Nameplate Capacity
The Walyering gas field, wholly owned and operated by Strike Energy under the production licence L23, reached its nameplate capacity of 33 terajoules per day (TJ/d) and 265 barrels per day (bbls/d) of condensate as of December 24, 2023. This milestone represents a
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significant achievement in the field's operational capabilities.
Overcoming Pipeline Maintenance Challenges
Despite several periods of downstream maintenance on the Parmelia Gas Pipeline, which had previously limited deliveries, Strike Energy has managed to maintain consistent performance from the Walyering gas field. The field's upstream performance has met expectations, with all reservoirs now fully operational.
Integrated Project Delivery and Future Plans
Strike Energy's success at Walyering is a testament to its proficiency in integrated project delivery. The company plans to apply these in-house capabilities to other projects, such as the 100% owned Ocean Hill wet-gas discovery, following its successful appraisal.
Managing Director's Vision for Growth
Stuart Nicholls, Strike’s Managing Director & CEO, emphasized the significance of reaching nameplate capacity within 90 days of the start-up. This achievement not only demonstrates the field's operational stability but also paves the way for an increase in gas marketing activities, starting with the newly secured agreement with Alinta Energy.
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L
Lykeshares
129d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
129d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
160d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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