The STX 2024 annual report states that at Walyering commenced firm gas sales of 20 TJ/d into Santos contract on 1 October 2024. States firm is 2024 not 2023. Not sure if this is a typo or maybe I misunderstand what firm means.
AR also highlights that STX had reserves to cover Santos contract. My interpretation is that the W7 well was needed to help cover reserves.
It would be prudent to limit additional sales until more reserves are proved up by W8 and existing wells show they continue to perform per reserves assumptions.
All based on my analysis of reports.
STX Price at posting:
20.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)