STX 0.00% 21.0¢ strike energy limited

Ann: Trading Halt, page-255

  1. Ya
    6,809 Posts.
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    Stu
    u'll have to refer their Slide-13 from the latest presentation.

    https://www.asx.com.au/asxpdf/20191021/pdf/449p28f2mm3vz0.pdf

    They've clearly illustrated their options to the west, via Mondara plant or tie-in to the Valve on the D2B pipeline.
    But b4 all that, they need to drill & appraise the overall Resource, then lock in Gas Sales agreement & develop phase-1. At that point, they'll know how spec's for a pipeline req'd from WE to the plant/pipeline & associated costs post concept selection.

    Beharra Springs is producing from Redback, may have a few more years left in it after which depending on any buyer interest they can start to market gas from BDS which basically sits under the plant, so minimal hookup costs etc for Beach. AWE had plans to drill this well, but got caught up with the sale process so it ended up getting drilled eventually.

    Equinor dont operate Onshore Oz, they've just picked up permit WA-542-P offshore in the Bedout Basin & have acreage in the Bight.

    What u want from STX next is a date to drill WE-3 & 4 and possibly testing of the Wagina sands, so they can have a clear idea of how much commercial gas they r sitting on to market to the local WA market. Hope this helps.
 
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