Good day for Strike and market have acknowledged.
My excitement is in the "based on positive drilling results"
Company didnt have to put that in print and it still would have been accepted especially after SE2/3 BUT they have and that I take positivity from.
Unique situation Strike find themselves in, definitely exposed and vulnerable MC wise but they are also in gas production with Walyering connected and likely expanding and that is resource & revenue. The hiccups at SE may turn out to be advantageous for company as it may have stalled any sharks about in particular Hancock who I think are not seriously interested in gas production more so gas supply and hence their TO of Warrego, but they have themselves in the game, if SE had of not had these set backs and were initially successful drills things may have been different, now with the revision of SE in progress it has given Strike time to progress its permits in particular at this point Walyering.
I'm liking where Strike are situated here DomGas Policy change or not, we are already connected and looking to up our output and have other pokers in the fire warming up.
As company gets the time to reorganise and then given its projects it will likely strengthen
it's position and improve its MC and that is my expectations just now.
If Walyering keeps delivering then this company has a great start and opportunity to deliver for us the holders as well.
Stu this is your time, tell the State Gov you want all the gas then you will need a bigger pipeline.
My opinion.
GLAH
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