My view too, khopchai!
As I already wrote, as a WGO shareholder I now would be concerned if STX decides to change priority and shift focus away from EP 469. If they drill a successful SE well next year, the value of WGO‘s stake in EP 469 for a potential t/o-bidder would only go lower...
STX has a couple of routes to grow the company. I don‘t want to ‘dilute’ our ownership of the adjacent licenses and the South Erregulla prospect to the WGO shareholders. It could be a strategic and perhaps stronger grow story to focus on the 100% owned Permian Basin assets and keep the 50% of EP 469 without any new STX shares on issue.
...but who knows, after the WGO BOD family stocked up with cheap new shares they now may be happy to vote in favour of any STX proposal...
Post #: 43761913
Post #: 43765119
Ann: Greater Erregulla and Walyering Update, page-41
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $558.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2720 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 40553 | 2 |
View Market Depth
| Last trade - 16.20pm 30/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |
Day chart unavailable