Yeah, Macca downgraded it to 48c post SE3 drilling result. Will be interesting to see what the updates notes look like.
This from The West article today:
Euroz Hartleys said South Erregulla-2 was a lower risk well and should provide greater insight into the gas field, adding that Strike should still emerge with enough gas reserves to support a viable commercial development of the project.
618
Analyst Notes and Price Targets, page-7
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