STX 2.78% 17.5¢ strike energy limited

Ann: Euroz Rottnest Institutional Conference, page-32

  1. 9,251 Posts.
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    @618

    Not writing it off, just think it is on ice for the time being. They need to convince themselves and Macquarie that they have a viable solution without SE2/3, and the cashflow to support the exploration required pre-FID. $30M is committed to the W's already, maybe a little bill from TEG too (can't remember exactly how much but it is something) coupled with the bottleneck at Walyering, it is all starting to get pretty tight IMO.
 
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