Carnarvon Has Effective Blocking Stake in Strike Energy -- Market Talk

Dow Jones

Sep 26, 2025

2317 GMT [Dow Jones]--Carnarvon Energy now owns 18-19% of Strike Energy's equity following the latter's capital raising, effectively securing a blocking stake in the Western Australia-focused natural- gas producer. That means Carnarvon "is now integral in any commercial negotiations if Hancock was seeking to fully consolidate the Perth basin Kingia acreage," says Macquarie. Hancock bought 50% of the West Erregulla natural-gas field in 2023 for A$450 million. Strike Energy owns the other 50% of West Erregulla. Macquarie resumes coverage of Strike Energy with a neutral call and A$0.10/share price target. Strike Energy ended Thursday at A$0.105. (david.winning@wsj.com)

(END) Dow Jones Newswires

September 25, 2025 19:21 ET (23:21 GMT)

At the request of the copyright holder, you need to log in to view this content

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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2570288380"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2570288380\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2570288380?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-26 07:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2570288380","market":"us","top_or_hot":-1,"title":"Carnarvon Has Effective Blocking Stake in Strike Energy -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2317 GMT [Dow Jones]--<a href=\"https://laohu8.com/S/CVN.AU\">Carnarvon Energy</a> now owns 18-19% of <a href=\"https://laohu8.com/S/STX.AU\">Strike Energy</a>'s equity following the latter's capital raising, effectively securing a blocking stake in the <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>-focused natural- gas producer. That means Carnarvon \"is now integral in any commercial negotiations if Hancock was seeking to fully consolidate the Perth basin Kingia acreage,\" says <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. Hancock bought 50% of the West Erregulla natural-gas field in 2023 for A$450 million. Strike Energy owns the other 50% of West Erregulla. Macquarie resumes coverage of Strike Energy with a neutral call and A$0.10/share price target. Strike Energy ended Thursday at A$0.105. (david.winning@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2025 19:21 ET (23:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>Carnarvon Has Effective Blocking Stake in Strike Energy -- 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\">\nCarnarvon Has Effective Blocking Stake in Strike Energy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-26 07:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2317 GMT [Dow Jones]--<a href=\"https://laohu8.com/S/CVN.AU\">Carnarvon Energy</a> now owns 18-19% of <a href=\"https://laohu8.com/S/STX.AU\">Strike Energy</a>'s equity following the latter's capital raising, effectively securing a blocking stake in the <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>-focused natural- gas producer. That means Carnarvon \"is now integral in any commercial negotiations if Hancock was seeking to fully consolidate the Perth basin Kingia acreage,\" says <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. Hancock bought 50% of the West Erregulla natural-gas field in 2023 for A$450 million. Strike Energy owns the other 50% of West Erregulla. Macquarie resumes coverage of Strike Energy with a neutral call and A$0.10/share price target. Strike Energy ended Thursday at A$0.105. (david.winning@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2025 19:21 ET (23:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"2570288380","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570288380","pubTimestamp":1758842460,"columns":[],"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":"2317 GMT [Dow Jones]--Carnarvon Energy now owns 18-19% of Strike Energy's equity following the latter's capital raising, effectively securing a blocking stake in the Western Australia-focused natural- gas producer. That means Carnarvon \"is now integral in any commercial negotiations if Hancock was seeking to fully consolidate the Perth basin Kingia acreage,\" says Macquarie. Hancock bought 50% of the West Erregulla natural-gas field in 2023 for A$450 million. Strike Energy owns the other 50% of West Erregulla. Macquarie resumes coverage of Strike Energy with a neutral call and A$0.10/share price target. Strike Energy ended Thursday at A$0.105. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","STX.AU":"STRIKE ENERGY LTD","CVN.AU":"CARNARVON ENERGY LTD"},"translate_title":"卡那封拥有Strike Energy的有效阻止股份——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVN.AU":0.9,"STX.AU":0.9},"content_text":"2317 GMT [Dow Jones]--Carnarvon Energy now owns 18-19% of Strike Energy's equity following the latter's capital raising, effectively securing a blocking stake in the Western Australia-focused natural- gas producer. That means Carnarvon \"is now integral in any commercial negotiations if Hancock was seeking to fully consolidate the Perth basin Kingia acreage,\" says Macquarie. Hancock bought 50% of the West Erregulla natural-gas field in 2023 for A$450 million. Strike Energy owns the other 50% of West Erregulla. Macquarie resumes coverage of Strike Energy with a neutral call and A$0.10/share price target. Strike Energy ended Thursday at A$0.105. (david.winning@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 25, 2025 19:21 ET (23:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}