Thinking about it, I can't see it going many other ways other than the ED gas resource announced sometime in the near future and;
A) Strike currently has a formal or informal offer from Hancock Energy @ XYZ $/PJ to take the remaining portion of WE/ED off Strike; this is awaiting independent resource certification. B) Hancock Energy proceeds with a gas plant development (potentially even leveraging or paying AGIG for their FEED studies on the proposed WE plant). Hancock then charges a tolling fee to Strike for their share of the WE/ED gas. C) Another suitor buys up WE/ED D) Another peaking plant at WE. However, I think the gas resource might be too large here to have gas locked up for an extended period otherwise reducing the NPV of asset.. Additionally a large peaking plant at WE might place the energy market closer to balance thus reducing price premiums?
STX Price at posting:
16.8¢ Sentiment: Buy Disclosure: Held
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