STX 0.00% 21.0¢ strike energy limited

Drilling/Development Schedule, page-286

  1. 618
    3,531 Posts.
    lightbulb Created with Sketch. 2513
    W7 definitely wasn't on the radar till about July/August last year IIRC. That's not to say it isn't the right decision. When I was thinking about the potential sequence and timelines of what fields will come online while I was updating my DCF model, it would actually make more sense for STX to bring OH online before WE because 25TJ/d from WE has been contracted to CSBP. So even if the domgas policy is changed to a 50% reservation, STX will struggle to export much gas because all of Walyering, SE phase 1 and 25TJ/d of WE gas have been contracted for domestic sale.

    If OH is to come online, they can export all of that gas and still fulfil its 50% dom gas sale requirement.

    618
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.