Strike Energy agreed to an AU$153 million domestic gas financing package

Strike Energy Limited (ASX: STX) announced that it had agreed to an AU$153 million financing package with Macquarie Bank Limited to cover pre-development and development costs across its high-quality Walyering and Weergulla domestic gas projects in the Perth basin. This financing package is to deliver the company with the capital required to close out its journey to first gas production at Walyering then, after becoming a substantial Western Australian gas producer through the Erregulla domestic gas project.

This domestic gas financing package with Macquarie Bank comprises refinancing the previous AU$33 million of drawn and undrawn debt, an AU$40 million of committed new pre-development debt to support the South Erregulla drilling and appraisal activity and an AU$80 million uncommitted facility for the Erregulla domestic gas development.

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