Gas exploration company Strike Energy to relocate to Adelaide
Monday, 4 September 2017
ASX-listed oil and gas exploration company Strike Energy announced plans today to relocate its corporate office and headquarters from Sydney to Adelaide.
The move will create 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 Cooper Basin is considered Australia’s most prolific onshore oil and gas region and is recognised globally for its untapped gas potential. Strike has exploration permits and applications over approximately 2.3 million net acres within the Cooper and Eromanga Basins.
The South Australian Government will contribute $990,000 to support the job creation project via the Economic Investment Fund.
Strike Energy Managing Director Stuart Nicholls said 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.
“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,” said Mr Nicholls.
Investment Attraction South Australia has played a key role in securing this investment and has worked with Strike Energy to facilitate the relocation project. This investment is the 20th project IASA has secured since opening its doors less than two years ago.