STX 6.67% 21.0¢ strike energy limited

Ann: Becoming a substantial holder, page-28

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  1. 618
    3,518 Posts.
    lightbulb Created with Sketch. 2507
    Yes probably but I'd rather err on the safe side (but in a reasonable manner). Look on the bright side, even without factoring in the full potential of OH, we are still trading significantly below fair value. It certainly makes a compelling case for one to buy more

    As someone (think it was JD) pointed out recently, we know there is definitely a migration path through the block, as evident by the presence of movable gas from OH1. The biggest unknowns are adequate traps and reservoir quality IMO. OH1 also has multiple well issues when it was drilled, and the well location wasn't optimal IIRC. Here's a useful announcement from UIL back in the days -> https://announcements.asx.com.au/asxpdf/20170516/pdf/43j8zpmpw33d86.pdf

    Anyway, once they have completed processing the seismic, I am sure we will be told just how prospective it may be

    618
 
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