Agree re Strike/Hancock. It just doesnt make sense to have two...

Agree re Strike/Hancock. It just doesnt make sense to have two gas facilities located within cooee of each other, especially when the two companies concerned are in a 50:50 JV on one of the properties. IMO there must be discussions around bringing Hancock to the party to consider participating in one larger gas plant, presumably on the precinct. On the one hand Hancock could play hardball as STX's backs are currently against the wall as they will need to fork out capex for 100%SE and 50%WE ; versus STX trump card of being operator and ability to delay construction at WE, hurting timing of gas to Hancock's mining endeavours. Hopefully a bigger plant at SE prevails with Hancock potentially gaining early access to this gas as part of contributing to construction of plant on "the Precinct". Timing and result of WA's decison on gas export will play an important role in all of these decisions.

I also found interesting that STX have now engaged AGIG to investigate a bundled processing plant and export pipeline for treatment and transportation of SE gas meaning Enerflex's modular 40 TJ/d plant is now not the only consideration.

There certainly appears to be plenty of balls in the air to consider what is best way forward at both SE and WE IMO.