Shouldn't you be crying that this STX Dec quarter had 2 production wells SE3 and SE2 drilled by what looks like 25 million dollars which looks to me like a bargain ? Another 3 mill went to a loan to TPD which they retrieve back when the takeover was complete. They definately didn't drill 2 wells this JAN quarter so the cash burn is not the same. And the 50 mill a year will easily fund their future exploration as WE they only need to pay 50% of the drill even cheaper hey at 6 mil a well.
Your IVZ baby is costing 40 mil for a single well that the company is fronting in the most expensive part of the world to drill so stop posting cash burn nonsense. I have holdings in both so do know the risk of both stock yet you seem to not.
WA Govt Gas Policy Report Today, page-132
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