STX 2.50% 20.5¢ strike energy limited

Ann: South Erregulla Update, page-159

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    • Metgasco has secured the Ensign 970 rig and full environmental approvals for the high impact Perth Basin Cervantes-1 oil exploration well
    • Strong oil prices (Brent + 17% year to date and +57% over the last twelve months) underpin extremely robust success-case project economics
    • Cervantes-1 targets 15.3 million barrels of oil (mmbbls) of P50 Prospective Resource (Metgasco net 4.6 mmbbls)
    • Civil works and drill pad preparation commencing immediately
 
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