SA power outage overnight, page-23

Ok, that's all fine. Anyone can have a downer.

I would like to balance up this well researched negativity (STX is a dog) with a little cut from the last page of the latest Taylor Collinson Report.

On our assumptions, the SCBGP could have a risked value of ~$234mn or ~A$0.26/share (unrisked NAV ~$0.50/share), making it quite evident there’s a significant value opportunity to be won, even if only based on the current contracted volumes and pricing. We have assumed the value at this stage on an ungeared basis, which in any case we would model on a consolidated (company) basis rather than directly project attributed. On a scenario whereby the project is ‘doubled’, from (say) end-2020, we estimate the project value could raise to nearly A$1Bn (~A$1.13/share unrisked), equating to a NPV of >A$1.50/gj. We note this still only commercials ~900PJ of gas against a current Prospective Resource estimate of ~4490PJ…or conversion of only 20%, a reasonable and perhaps conservative projection.

http://www.strikeenergy.com.au/wp-content/uploads/2016/11/STX-Initiation-071116.pdf

I'm going with TC. I have sent in my money and I am holding on for a major win.

Cheers all,