STX 4.65% 22.5¢ strike energy limited

did they need the cash?, page-21

  1. OMS
    7,373 Posts.
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    re: ann out Extract from the release
    --------------
    These funds will enable Strike Oil to fund the proposed appraisal and development of the gas discovery at the Mesquite Prospect, Gulf Coast Texas including:-
    • Completion, testing and tie in for production associated with-
    Shefcik 1 well (flow testing expected to commence in the next few days).
    Webernick 1 well (drilling and geophysical logging expected to be
    in the next few days).
    • Drilling, well completion, flow testing and tie-in for production associated
    Shefcik 2 well (due to spud after the Webernick 1 well is finished).
    ------------
    Expect these rapidfire announcements next week to spark the SP..
 
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