STX 7.14% 22.5¢ strike energy limited

Ann: Independent certification of Walyering reserves, page-6

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  1. 4,922 Posts.
    lightbulb Created with Sketch. 1245
    13.5PJ = 13.5 million GJ

    With current price of gas, wouldn't be unreasonable to expect a margin of $3/GJ (conservative)

    EBITDA of 13.5 x 3 = $40M per annum

    STX share 55% = $22M per annum

    I do think given where gas prices are, margin will be higher (but will also depend on who is paying for the upstream processing)
    Last edited by tt2000: 21/07/22
 
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