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Strike Energy (ASX:STX) - CEO & Managing Director, Stuart Nicholls - The Market Herald
CEO & Managing Director, Stuart Nicholls
Source: The West Australian
  • Strike Energy's (STX) West Erregulla Gas Project has been awarded lead agency status in Western Australia
  • This has been granted by WA's Premier & Minister for State Development, Jobs and Trade, Mark McGowan
  • Lead agency status is given to major resource and infrastructure projects when they are believed to be of significant importance to the state
  • Under this status, the Department of Jobs, Tourism, Science and Innovation will coordinate approvals across a wide range of Government departments
  • This will help Strike in the approvals process, speed-up timeframes, and ensure efficient communication between Government agencies
  • Strike is up a steady 7.5 per cent in mid-morning trade and shares are selling for 21.5 cents each

Strike Energy's (STX) West Erregulla Gas Project has been awarded lead agency status in Western Australia.

This has been granted by WA's Premier & Minister for State Development, Jobs and Trade, Mark McGowan.

Lead Agency Status is given to major resource and infrastructure projects when they are believed to be of significant importance to the state.

Under this status, the Department of Jobs, Tourism, Science and Innovation will coordinate approvals across a wide range of Government departments.

This will help Strike in the approvals process, speed-up timeframes, and ensure efficient communication between Government agencies.

"The lead agency status award from the Premier is recognition of the important role that the Perth Basin will play in the states energy security," CEO and Managing Director Stuart Nicholls commented.

"This framework will help Strike meet the permitting and approvals timelines required to deliver gas under Strike's aspired schedule," he added.

The 40 square kilometre West Erregulla gas field is located within the Perth Basin and it is currently held in a 50:50 joint venture with Warrego Energy (WGO).

The gas field is currently in an exploration licence, but Strike is seeking to transition it into a production licence with production hoping to begin in 2022.

Development of this project will contribute to WA's economic growth, employment and infrastructure development. Regional WA, particularly the mid-west, is also set to benefit.

"The West Erregulla Gas Project is poised to deliver vitally important, low-cost gas supplies to WA's major manufacturing and industrial users," Chairman John Poynton said.

"This supply is particularly valuable given the announced delays and deferments of other gas projects in the state," he added.

Strike is up a steady 7.5 per cent in mid-morning trade and shares are selling for 21.5 cents each at 10:36 am AEST.


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