STX 3.33% 21.8¢ strike energy limited

Speculative Value, page-105

  1. 2,967 Posts.
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    they're all being drilled/completed as producers...
    this is no longer just exploration or proving up resource...it is also to supply gas to committed parties through a yet to be built pipeline that also requires some commitment...so the sound thing to do is to ensure you have more than enough supply to cover this component...WE 2, 4 and 5 should produce enough to satisfy phase 1. WE3 has a bit more risk attached to it, but the co is pretty confident it will hit pay. WE4 and 5 will also tickle the Wagina to see how much of a resource it represents...I still reckon were in for a big (pleasant) surprise there...
 
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