ASX-listed oil and gas exploration company Strike Energy relocated its corporate office and headquarters from Sydney to Adelaide in 2017, creating 85 new full-time jobs in the State’s resources industry while reinforcing its reputation as the focus of the national gas sector.
With the company’s primary focus being the rapid commercialisation of a world-scale gas resource in South Australia’s Cooper Basin, Adelaide presented an ideal choice to base its head office. The relocation will see the creation of approximately 45 FTEs based in Adelaide and 40 FTEs based between Adelaide and the company’s Moomba operations by 2021.
Strike Energy is an independent oil and gas exploration company that listed on the Australian Stock Exchange in 2004. Strike is pioneering the commercialisation of an industry-first, deep coal seam play that will unlock a significant gas resource. Upon commercialisation, this resource is anticipated to become an asset of national interest. Strike has exploration permits and applications over approximately 2.3 million net acres (approximately 9232 square kilometres) within the Cooper and Eromanga Basins.
The Cooper Basin, where Strike is focussing much of its exploration efforts, is considered Australia’s most prolific onshore oil and gas region and is recognised globally for its untapped gas potential.
Strike Energy Managing Director, Stuart Nicholls said the South Australian Government has been one of Strike’s greatest supporters.
“The move to Adelaide is both strategic and pragmatic as Strike begins to accelerate its growth ambitions and progress investment in its Southern Cooper Basin Gas Project,” Mr Nicholls said.
“The award from the Economic Investment Fund shows the commitment of the South Australian Government to support further energy security through making South Australia a key focus for Strike’s business. Strike believes that it will benefit significantly from its relocation to Adelaide by bringing its decision making to the source of the information.
“Strike looks forward to supporting further government initiatives and not only generating employment in the short term, but rebuilding natural gas as an affordable, abundant and reliable source of energy for South Australia.”