STX 4.76% 20.0¢ strike energy limited

They are across a whole range of resource types and stages of...

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    They are across a whole range of resource types and stages of development, from infrastructure to greenfields stuff like STX. The SA government seems to have made some good choices to ensure this funding is spread across the industry from small quick-fix solutions to 'elephant hunting' longer term solutions like STX.

    Senex-Santos pipeline is a midstream project, it doesn't add any gas to the supply side, but it opens up areas for drilling because they can be connected to Moomba.

    Beach's Otway stuff is conventional but it's new drilling. They don't even know if the gas is there and even if it is it's a small volume. But it's easily connected to the processing plant so if they do hit commercial gas they'll be able to put it straight into the network.

    The two Santos grants are both for new drilling and completion techniques that they will use to try and squeeze more out of the tight areas of the Cooper. It's basically an R&D grant.

    STX is the only project in there that's truly game-changing in scope. But it's also probably the highest risk.
 
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