Strike company in the Corporate Governance Charter in a few clicks

Aug 6th, 2022
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In the context of corporate governance, it refers to committees made up of members of the board with specified sets of duties. The four committees most often appointed by public companies are the audit committee, the remuneration committee, the nominations committee and the risk committee.
It is engaged in the exploration and development of oil and gas resources in Australia. Its segments include Producing Assets and Other. Its projects include Perth Basin, Greater Erregulla Gas, West Erregulla, Project Haber, Perth Basin Geothermal, and Walyering.
The Charter sets out the main aspects of a companys corporate governance, such as its governance structure, the internal regulations of the Board of Directors, its committees, and the Executive Committee, together with other important topics.
The Perth-based company, which was added to the ASX 200 earlier this month, saw its share price fall 23% to 31.5 cents in one session last week after reporting that its South Erregulla-3 well unexpectedly failed to flow during testing.
Strike Energy has a total shareholder equity of A$453.7M and total debt of A$24.2M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are A$526.1M and A$72.4M respectively.
The new Provision 38 states that the annual report should include a description of provisions and circumstances for malus and clawback, which many companies include in their remuneration policy.
Strike Energy Limited has 29.41% upside potential, based on the analysts average price target. Strike Energy Limited has a conensus rating of Moderate Buy, which is based on 2 buy ratings, 2 hold ratings and 0 sell ratings.
John Poynton (Chairman) Stuart Nicholls (CEO Managing Director) on site at Strikes West Erregulla site. Strike is an independent energy explorer and producer, which was founded in 1997 and listed on the Australian Stock Exchange in 2004 (ASX: STX).

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