STX 0.00% 21.0¢ strike energy limited

Ann: TEG: L7 Booth Well Timing Update, page-15

  1. 618
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    I don't think STX will be able to become Australia's no 1 dom gas producer (has it ever claimed to be aiming for that?). It has a more realistic chance of being WA's no 1 dom gas producer.

    BPT's review pack was a whole load of waffle about not very much as far as I can see. There are some tweaks to the capital management framework (cost out initiatives, capex reduction, dividend payout ratio, higher IRR hurdle, etc) but I'd hardly consider it to be a revolutionary strategic piece of work. Relatable to STX..... no idea. They mentioned about collaborations, so maybe we will see some form of data acquisition/sharing deal or gas processing (SE gas being processed through Waitsia plant for example). But it's hard to pinpoint anything based on that "strategic" document. Just MHO of course.

    618
 
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