cashflow , page-2

They will work it out CR or otherwise, this was always on the books so its no surprise.

My guess is we wont hear anything about funding until after the details of Palta and BH2 are announced. Until then sit tight. SP appears to have found a floor and obviously the current cash flow situation is priced into the SP.

The assets still rock -

four million net acres in the southern Cooper Basin

10,400 net acres in the Eagle Ford shale

1,875 net acres in the Permian Basin

STX is being valued on its assets only at the moment and I dare say its being undervalued. What do suspect you could sell four million net acres in the Cooper Basin with infrastructure already running through it for?

At the moment I suspect there is a lot of eyes on Beach to prove they can make it commercial. If they can I expect it will be like opening the barn door.