Really all up in the air tc. I have held the opinion that Gina doesn't want to be a big O&G player it doesnt fit her agenda but what Hancock does want is guaranteed gas for their own purpose hence the TO of WGO as non operator. As for MIN they have thrown a spanner in the works with their open admission to be looking for partners, has CE lost the taste for his O&G ambitions with the fact that he will need to outlay a sizeable cost and risk at a uncertain time to get his profit and then be restricted in where he can sell his booty. Was he always after initial success at LD going to fatten the pig and needed to do that quickly then commissioned his new drilling rig which is doing the business and see what they get. Well they have discovered plenty of gas & oil and the export restriction has been modified for the short term pending domestic supply and now he has hung out a for sale sign??? My thinking is and it is based on the initial story that emerged is that Mitsui is the likely partner if that is what MIN want or Mitsui could in fact take all rig and all and MIN fix their balance sheet and say thank you for the lollies we will now go back to what we are really all about. That leaves Strike and Hancock still in the game but likely to process some gas via Waitsia. All very testing and confusing and there are obviously other possible variables and we watch and see as it unfolds and make our decisions as we go, but it may well turn out that Strike is a stayer and goes the distance. Lots to happen but my eyes and ears are on alert. My sayings only. GLAH
STX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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