Ann: 4Q19 Quarterly Activities Report & 5B, page-12

“Since the discovery of West Erregulla, Strike has been studying the existing 2D seismic in these permit areas and has commenced reprocessing of these lines to improve the resolution of the Permian sections. Initial analysis is very exciting with additional prospectivity clear and indicative of a potential multi-TCF accumulation to the South of West Erregulla.”


“with Strike now holding the largest land and equity position within what is fast becoming one of Australia’s most prolific onshore conventional gas basins.”

In other words. WE-2 is only the start. The UIL ground and remainder of the basin has many times the WE-2 discovery. And STX have the largest land and equity position in the depo-centre.

This is what WGO holders need to acknowledge.

And as I have said before, forget about Jaws. IF it works it is a bonus. IF it doesn’t then let’s spend all the company money on these incredible reservoirs in the PB that will be far more economical than the Cooper under any pricing scenarios IMO