Aspreviously mentioned, the ‘Elephant in EWC’s room’ is PEL96 (33% EWC, 66% STX).
Strike’s 12 October, 2018 Update is very bullish and has led to an immediate reversalin its share market depth (2:1 against to today’s 40% more buying) with the price increasing12% so far today. The most striking (!!!) comments for EWC shareholders can be found on pages 8 and 9: Jaws will imminently hit critical desorption pressure, driving the beginning of gas production..... Jaws is the enabler for a multi-billion dollar resource (2+TCF for EWC and 4+TCFto Strike) to make its way to market.... The well design for commercial success is technically feasible. On booking of a reserve, Strike will be set to move the SCBGP (ie. PEL96) into development during 2019.
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