STX 2.27% 22.5¢ strike energy limited

Ann: Completion of Capital Procurement & Close of SPP, page-19

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  1. 3,117 Posts.
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    The interesting thing to me that I forget is that we already have a customer lined up for up to 25tj/d for WE, now I know that they probably got a great price for taking on some risk but you would have to guess that they came to us as they had few other options to get a 10-12 year gas deal (guessing that window based on 80-100 pj. So taking into account they took some risk its a clear signal that the market is not awash with cheap gas for long term contracts. I see us easily drilling the two wells next year, somebody building a short pipeline / infrastucture for us and then us using the APA Mondarra plant.
 
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22.5¢
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22.0¢ 22.5¢ 22.0¢ $662.4K 2.969M

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