STX 2.56% 20.0¢ strike energy limited

Analyst Notes and Price Targets, page-179

  1. 1,866 Posts.
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    Not many would have anticipated the results we have for the SE2/3 drills, especially SE3.
    Not me as I have disclosed I purchased 30 mins before the SE3 announcement lobbed and when it did I sat back to enjoy the moment and yes congratulated myself on my timing, then just before I opened the announcement I did hesitate and remind myself of passed experiences, so was able to deal with the disappointment and handle the situation.
    Impossible to get a grip on the 2 drills just now as we just don't know enough, but we do know enough to say company is reassessing the situations and possible remediations.
    If this turns out to be unsuccessful or unwise then in my opinion company have to shoot a 3D over the area and establish clearer data as all results prior indicated gas and it I obviously down there and a better picture is required to sort out a plan to get it to surface.
    Maybe if Strike weren't under so much pressure management may have elected to pause the drills pending 3D, don't know but I was certainly one that advocated speed and this is the consequence, nothing in drilling for O&G Is certaint.
    From my understanding SE region is far from a lost cause and to quote a fellow poster (tui)
    "nothing comes easy" So it is not lost just a bit harder to find and plan its extraction.
    My opinion and good fortune all.
 
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