STX 2.17% 22.5¢ strike energy limited

WA Govt Gas Policy Report Today, page-136

  1. 224 Posts.
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    Gharp, roch..... You seem to be locking in 50m as probable operating revenue.

    i see it as being substantially higher, so welcome further clarity.

    last quarter reported close to $15m from Walyering, which if annualised is $60m

    however that was at average 20tj which meets the terms of the historic (and cheaply priced) GSA for Walyering.

    production can go at least 75% higher, as already demonstrated. Furthermore, the de-bottlenecking exercises are presumably an immediate tactical priority now, which may get nameplate, and certainly output, a few tj higher again.

    and as this is all sold into spot market, it seems entirely plausible that walyering, if operating at full debottlenecked capacity, and selling at spot, becomes a $30m per quarter consideration.

    does this seem inaccurate to you?

    which is not factoring in adjacent well development and subsequent nameplate uplift, which is presumably also brought forward as a priority.

 
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