STX 2.50% 20.5¢ strike energy limited

Ann: Exploration Update, page-54

  1. 409 Posts.
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    I just read the initial announcement from 2019 and you’re correct.

    The agreement will have an expiry clause and I have always felt the delayed FID by the JV has been a deliberate ploy to allow it to expire. If we find more gas in the east this contract may well get delivered. At the time it was viewed as being the cornerstone for the future development and allowed Stike to drill SE2.

    Tomorrow’s quarterly update will provide the some positive news on revenue and the surely forward plan for SE 2&3.
 
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