Then let's say they have an FID on WE+ED and this FID is to pipe gas to the Watsia plant for processing
To do this we may conclude, from their announcements, that they will need $50m for their share of the connecting pipeline.
Also, from their announcements, they hope to borrow the $50m from Macquarie.
What happens if Macquarie decides not to play ball?
Wouldn't that mean they are up that particular creek without a paddle?
My thinking is that SN would have been prepared to gamble that an OH drill would be a success. JP, on the other hand, would have realised that Strike doesn't have to take such gambles anymore.
STX Price at posting:
16.5¢ Sentiment: None Disclosure: Held
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