Strike Energy (ASX:STX), a Perth Basin gas producer, disappointed Firetrail Investments with drilling results. In December 2024, Firetrail reported Strike Energy detracted from fund returns during 2024, after important drilling during the year failed to deliver the positive results that the market and the fund had expected, weighing on its valuation. Strike Energy operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Firetrail Investments. Established in 1997 and headquartered in West Perth, Strike Energy explores for, develops and produces natural gas in Western Australia's Perth Basin, including the Walyering and South Erregulla fields, and is developing gas-fired power generation projects to supply the Western Australian domestic market, where gas supply is tight and prices are supportive, and Carnarvon Energy holds a strategic shareholding in the company.