STX 5.00% 21.0¢ strike energy limited

Thanks JD your assumptions seen to be quite reasanable and back...

  1. 369 Posts.
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    Thanks JD your assumptions seen to be quite reasanable and back up STX ability to self found drilling/exploration activities + repayment of debt this year.
    Regarding funding facilities with Macquarie I would hold untill W7 and ED1 is drilled and tested but most importantly the Dom Gas possible change from the WA Gov would have other entities and finalcial institution lining up for a piece of the Pie at the Perth Basin, so watch out there Mac Bank hahaha.

    If W7 successful tie up to Walyering would also bring that extra cash by the end of the year , no need for loan here as minimal cost for this.

    For the conclusion , yes we are not out of the woods yet , but fortunes can change very quickly on this game and we have a great chance to be one of Majors at PB, that along let me to invest on STX and I still believe with n time my investment will pay out.



 
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