STX 4.65% 22.5¢ strike energy limited

Ann: Greater Erregulla and Walyering Update, page-54

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  1. 8,750 Posts.
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    WGO will go first. It is a much more know quantity at this point. Any company willing to drop $300-$500 million on an acquisition needs to have some certainty about potential 2P reserves etc in order to justify the acquisition to their own shareholders.
    Strike is a much larger morsel to digest. And the upside provided by SE is also far more uncertain. I doubt an potential acquirer could provide STX shareholders with enough of a premium (>~$1 billion) to get us to accept an offer prior to SE being drilled, whilst also meeting the requirements of due diligence for their own shareholders.
    Last edited by invertedva: 13/10/20
 
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Last
22.5¢
Change
0.010(4.65%)
Mkt cap ! $644.7M
Open High Low Value Volume
22.0¢ 23.0¢ 22.0¢ $1.056M 4.706M

Buyers (Bids)

No. Vol. Price($)
5 262128 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 3834531 37
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