Hasn't STX access to a $40M loan, upon final approval from Macquarie for the future development of WE (ASX 30/01/2025) No matter, nothing is likely to happen in the (very) near future as communicated via the Hub on 30/01/2025
Discussions with our Joint Venture Partner, Warrego Energy, are ongoing. Recent developments, including the Erregulla Deep discovery and the acquisition of Mineral Resources acreage by Hancock Energy, have delayed the Joint Venture in taking an FID. Strike has agreed to delay an FID whilst Hancock finish drilling 2 wells in their newly acquired acreage and whilst we acquire the Natta 3D over Erregulla Deep and the northern extent of West Erregulla, in order to determine the reserves and resources over that field and how that might impact upon the development plan.
STX Price at posting:
17.5¢ Sentiment: None Disclosure: Held
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