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7.14%

22.5¢ strike energy limited

Ann: 3Q FY24 Quarterly Report & Appendix 5B, page-276

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Cherry7

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28/04/24

11:32

Post #: 73542592
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Originally posted by 618: ↑

I did some further updates today to my model, so thought I'd share it...

Given OH hasn't been successfully appraised yet, I have removed it as a potential future cashflow and added it as a prospect on a risked NAV basis. If it is successfully appraised and developed, it will add about 11cps to the valuation based on 50TJ/d production rate.

By adding the cashflow from SE standalone development back in, it has added 11cps to the valuation.

I've also replaced average spot price with average realiseable gas price. This drops to 6/GJ in 2027 when the CSBP contract kicks in and bring the overall average price down.

I've also reduced the COS risking for Arrino, Kadathinni and Booth down to 10% to be conservative, but kept ED and W7 at 50% given they are appraisal wells even if they are exploring new compartments within those fields.

Based on all that, we are at 40cps fair value.

Disclosure: I own a few STX shares. I am human and is prone to making human errors. This model contains forecasts which may or may not eventuate. This is for information sharing purpose only and not financial advice. Do your own research. Consult your financial planner if in doubt

618

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handy models,, all the way down from 50cps to 20cps... btw fair value looks like 20cps

STX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 22.5¢		Change 0.015(7.14%)		Mkt cap ! $608.8M

Open	High	Low	Value	Volume
21.5¢	22.5¢	20.8¢	$1.138M	5.293M

Buyers (Bids)

No.	Vol.	Price($)
47	1354084	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	1943641	42

View Market Depth

No.	Vol.	Price($)
44	1346136	0.220
15	1280626	0.215
24	1332610	0.210
36	1516853	0.205
27	1378621	0.200

Price($)	Vol.	No.
0.225	1929161	39
0.230	3998105	37
0.235	836445	18
0.240	1433624	17
0.245	841933	16

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