STX 2.27% 21.5¢ strike energy limited

Ann: Good Oil & Gas Conference, page-140

  1. 535 Posts.
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    I think you're right on the money. SN has already acknowledged that Strike can't drawdown on the Walyering debt facility until they're in production, but even Macquarie must be concerned that Strike's expected cash outflows are so large that they need W5, 6 and 7 to all be in production to service Strike's debt.
 
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