In that case the SPP is a free ~3 week option for all holders at 23c. Scale back will be a factor if this gap opens up too much though, unless they relax the 5M limit. I doubt this will stay at 23C for long as we see more detail around the next 2 wells.
I communicated with the company (SN) yesterday and the intention is to test the Wagina on one of the 2 future WE wells. The High Cliff flow testing is still TBC, and may be tested in WE2 or WE3. Strike only procured 48m of perforations for WE2 (less than Kingia net pay), and some long lead items are required to test the High Cliff in WE2. I get the impression takes it into the timeframe of the 2 upcoming drills. IMO.
Happy to hold and to add more at SPP.
Ann: Trading Halt, page-143
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $587.4M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.8¢ | $921.8K | 4.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 431071 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1685893 | 27 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |