STX 5.26% 20.0¢ strike energy limited

Ann: Jaws Stimulation Success, page-41

  1. 8,421 Posts.
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    Have to say it again, what an inspired choice to involve Halliburton and then give them a long-term incentive to throw all their technical know-how at this well (i.e. by offering them the chance to drill future wells).
    Under old management or a different drilling company things would've have stalled when the first horizontal (directly through the coals) proved unstable (as happened in the past). They might have even called stumps on the prospect if they couldn't raise more capital.
    Now we are in the best possible position to see this thing through to the end. And I can't see raising capital as an issue in the medium term at least.
    Well done management.
 
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