Strike Energy Ltd.
Industry Group: Oil & Gas Producers
Country/Region: Australia
Identifier: ASX:STX
Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering’s intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike’s proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Oil & Gas Producers 239 out of 301
Universe
Global Universe 14900 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Obsidian Energy Ltd. |
46.8
Severe
|
177 out of 301 |
Berry Corp. |
46.9
Severe
|
179 out of 301 |
Strike Energy Ltd. |
52.3
Severe
|
239 out of 301 |
Gulf Keystone Petroleum Ltd. |
53
Severe
|
249 out of 301 |
SandRidge Energy, Inc. |
56.3
Severe
|
271 out of 301 |
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Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals.
Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Strike Energy Ltd.'s Exposure is High
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Strike Energy Ltd.'s Management of ESG Material Risk is Average
How do the ESG Risk Ratings work?
Controversy Rating
Highest Controversy level that has impacted Strike Energy Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level