Strike (ASX:STX) secured $8 million R&D ATO refund

22/12/2020 07:50:00

This video is not supported on your device. Click here for the original version.
Oil and gas explorer, Strike Energy (ASX:STX) has received $8 million in deferred Research and Development refunds.

In late August Strike settled its R&D matters with Innovation & Science Australia.

Following settlement the Australian Tax Office completed the processing of the Company’s FY16, FY18 and FY19 amended income tax returns.

It expects a further R&D refund for its work in the Cooper Basin during FY20.

Shares in Strike Energy (ASX:STX) closed 1.75 per cent lower to $0.28 yesterday.