Strike secures Jaws funding

A map of PEL 96.

A map of PEL 96.

Strike Energy has completed a share placement raising of $9.1 million for the Jaws-1 appraisal program for the Southern Cooper Basin Gas Project (SCBGP) in PEL 96.

Strike will issues 130,000,000 fully paid ordinary shares at $0.07 per share to investors, with the capital raised being used to fund drilling of the Jaws-1 well.

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