From Business News West Australia: Matt Birney...

First 14 Last

Share
Profile

Follow
specking

1,226 Posts.

108

26/06/18

20:29

Post #: 33965160
Share

Originally posted by Adaltiora ↑

Hardcash,

Great to see your enthusiasm is back. You went a bit quiet for a while.

I'm similarly of the view that this story is finally close to unlocking the potential we've all been hoping to see.

Went back through a lot of material today, including some long but worthwhile reading of the AWE transaction. If there any finance or M&A experts out there please jump in but if AWE has ~410 netPJ (2P) at Waitsia and its about 75% of the company value then that's ~$350m - $400m.

This is all IMO but if West Erregulla could end up at similar numbers or better (not sure how many wells needed to prove it out/up) then that is huge share price upside on its own.

Then you go to PEL 96 and the prospective 4TCF and it potentially gets very interesting. If we get some commercial flows it will be so hard to value as the question will be how much money needs to be spent to give confidence around total field size. But by hard - the difficulty will be in the huge optionality that may be available.

With West Erregulla as a new and potentially valuable opportunity it has made it easier to feel like its not all about the Cooper. The duck or no dinner outcome. With West Erregulla as a backstop I'm totally prepared to take the ride over the next few months on STX and the Cooper. If the gas flows it will be fabulous to be a holder, watch all the corporate moves, machinations, analysis and press and see where it all ends up.

Cheers

Adaltiora

Expand

From Business News West Australia: Matt Birney

Strike-aiming-to-flow-gas-from-Jaws-1-in-July

STX Price at posting: 11.5¢ Sentiment: None Disclosure: Held
21 Upvote

0 Great analysis

Reply

Top Stories

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

LEX

Lefroy boosts near-surface gold resource by 13% to 439Koz

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

PAT

Patriot Lithium eyeing up Zambia-based Katawaro copper project

LM8

Lunnon expands gold program at KGNP in Western Australia, reports Lady Herial growth

There are more pages in this discussion • 74 more messages in this thread...

First 14 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 23.8¢		Change 0.003(1.06%)		Mkt cap ! $680.5M

Open	High	Low	Value	Volume
23.5¢	24.0¢	23.0¢	$1.674M	7.133M

Buyers (Bids)

No.	Vol.	Price($)
2	18263	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	4202718	56

View Market Depth

No.	Vol.	Price($)
3	31791	0.235
17	1543702	0.230
13	1191910	0.225
16	1973329	0.220
19	2256921	0.215

Price($)	Vol.	No.
0.240	4200723	55
0.245	1402194	29
0.250	2489638	31
0.255	2671999	7
0.260	5036143	21

Last trade - 13.09pm 10/10/2024 (20 minute delay)

STX (ASX) Chart

From Business News West Australia: Matt Birney...

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Lefroy boosts near-surface gold resource by 13% to 439Koz

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Patriot Lithium eyeing up Zambia-based Katawaro copper project

Lunnon expands gold program at KGNP in Western Australia, reports Lady Herial growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

From Business News West Australia: Matt Birney...

Top Stories

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Lefroy boosts near-surface gold resource by 13% to 439Koz

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Patriot Lithium eyeing up Zambia-based Katawaro copper project

Lunnon expands gold program at KGNP in Western Australia, reports Lady Herial growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News