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Here s why the Strike Energy (ASX:STX) share price is surging today

Here’s why the Strike Energy (ASX:STX) share price is surging today The energy producer’s shares are starting the week on a positive note. Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills.

Strike widens WA energy play into geothermal

Strike widens WA energy play into geothermal Apr 1, 2021 – 11.22am Share Oil and gas junior Strike Energy has further upped its ambitions in Western Australia’s mid-west and is now targeting zero-carbon geothermal energy to complement its gas production and fertiliser manufacturing plans. A non-binding deal announced on Thursday would see Strike, which is chaired by WA businessman John Poynton, buy all the existing geothermal rights in the Perth Basin through the takeover of privately owned Mid West Geothermal Power Pty. The geothermal venture could work alongside Strike’s natural gas venture in the Perth Basin.   While no geothermal expert, Strike said that evaluation of the sandstones showed a high-quality geothermal resource in the permits with the potential to support up to 350 megawatts of renewable power - generated on demand - for 30 years.

O&G firm acquires geothermal permits, Western Australia

O&G firm acquires geothermal permits, Western Australia
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