STX 2.13% 23.0¢ strike energy limited

wilson htm research note, page-28

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    I hope your right HC...last quarterly revealed $8.5 million in bank estimated outflows for the next quarter(current quarter)$6.5 million...leaves $2 million...currently burning $1.3million in admin per quarter... only approx 900K income coming in...I can see maybe one more drill in Eagleford but not two and things would want to go well in any further drilling as Bingham 1 with all of the efforts to get it flowing better would be costing all partners additional $$$ even at 27.5%...capital raising at anywhere around 10c means a lot more shares on issue...huge dilution...
 
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