STX 2.78% 18.5¢ strike energy limited

Ann: Euroz Rottnest Institutional Conference, page-39

  1. 9,078 Posts.
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    Pg 15 clearly shows the "portfolio events" for calendar 2021, though we should add "planned". WE3 is clearly missing, so that will be for next year, or some time in the future.

    WE4 results and flowtest, then reserves, WE5 results and flowtest, seismic and WE ph1 financing in there, then FID. Later in year Walyering and SE1.

    It's a nice roadmap for the rest of this year, with SE1 clearly now before they go back to WE3, great for Strike shareholders, assuming they meet all of this forward guidance. Lots to look forward to this year and assuming success at SE1, next year as well.

    With statements like South Erregulla....
    "Is shallower than West Erregulla"
    "Appearing connected to West Erregulla and is therefore likely co-charged"
    "Has appreciable amplitude blooms (diagnostic of hydrocarbons & porosity)"
    ... management are clearly excited about the prospects of SE.

    That info about SE being very prominent in the announcement on pg 6, is another hint as to the direction of Strike. IMHO management are really gunning for SE1 while keeping up with commitments for the JV, but as soon as SE is successful (yes assumption), then they will do as much as possible with SE and as little as possible with the JV on WE.
    It also makes sense to concentrate mostly on what we own 100% of, but meanwhile need to keep ticking boxes with WE.
    Last edited by ozblue: 10/03/21
 
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