Companies / STX

STRIKE ENERGY LIMITED

ASX:STXEnergy
3.60B shares on issueASX (delayed) · snapshot 11 Sept 20263.61B fully diluted+0.2% if every option and right converts$0.12price · delayed$413.9Mmarket cap · indicative

Today’s holders own 99.8% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 26% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — latest quarter's spending was dominated by property, plant and equipment, so its cash flow is not a runway
Share-count growth (24m)25.6%
Raise cadence (24m)1 cash raise
Options & rights overhang0.2% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

STRIKE ENERGY LIMITED's ordinary share count grew 25.6% between August 2024 and September 2025, to 3.60B shares. The company raised capital once in the past 24 months, a A$87.7M placement in July 2025. Options and rights on issue could convert into 6M new shares, equal to 0.2% of the current share count. An expiry date for these securities is not stated on record. At the June 2026 quarter the company reported A$17.5M in available cash, but no funding-runway figure applies as the quarter's spending was dominated by property, plant and equipment rather than operating costs. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.2%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
Cash cover · capital spending, not a runway

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 3.60B per ASX (delayed) (snapshot 11 Sept 2026).
3.00B3.25B3.50BDec 24Oct 25Sept 26Cash raise · 18 July 20253.60B

Cash runway

The latest quarter’s spending was dominated by property, plant and equipment, so its cash flow does not describe a funding runway.
$17.1M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $46.3M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
15 July 20263H · cancellationSTX : ORDINARY FULLY PAID3.60BAppendix 3H
11 May 20263H · cancellationSTX : ORDINARY FULLY PAID3.60BAppendix 3H
9 Apr 20263H · cancellationSTX : ORDINARY FULLY PAID3.60BAppendix 3H
24 Feb 20263H · cancellationSTX : ORDINARY FULLY PAID3.60BAppendix 3H
15 Dec 20253H · cancellationSTX : ORDINARY FULLY PAID3.60BAppendix 3H
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29 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$87.7M
Placement
18 July 2025 COMPLETE
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1 raise on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.2%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
6.0M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 6.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
STXAIPerformance rightsCondition-triggered6.0MFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • STXABCondition-triggered6 securities → 010 Dec 2025 Appendix 2A
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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
20 May 2026John PoyntonSell on-market3Y notice
14 May 2026Neville PowerBuy on-market769k3Y notice
1 Apr 2026Jillian HoffmannSell250k5.0M3Y notice
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16 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.