STX 0.00% 21.5¢ strike energy limited

Ann: West Erregulla Adds A Further Signifcant Gas Discovery, page-201

  1. 985 Posts.
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    @jebuddy4
    we originally bought for the drilling and managements eagerness to activate the acreage of WGO/STX. We had undertaken a qualtative analysis (management track record) on the management of stx and ofcourse factored in their acreage (and factored in JAWs potential upside). We built in a rising sell order on the original investment hitting at 50% (sell strategy of 1.5x) profit on the original $100k and then the strategy was to free carry any profit, there onwards indefinitely. it was a 30-60day startegy commensurate with managements drilling program. ONCE "staggering" happened we stayed and history is still being made. We believe a positive 30%-50% value re-rate on this stock post flow results and will long until then to a potential T/O. this type of stock/level of discovery is a once in a life time for many investors.

    Congratulations to all holders.
 
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