W7 spudding today. At least STX is consistent nowadays with no spudding announcement, good bad or otherwise.
SE standalone dev will be a decent valuation/rerating catalyst if approved. Hopefully they will still see a development path for at least 35TJ/d. It is possible that they produce out of SE1 for the first few years, then use the cashflow to drill a 2nd production well later down the track once pressure depletion kicks in.
WE appeal period is nearly up. So I expect FID to follow not long.
OH drill candidate likely be identified and ready to drill using the contingent drill slot in October.
Edit: And Booth - though 25% stake will limit valuation upside on success.
Not much noise from STX of late, but lots happening in the background
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Open | High | Low | Value | Volume |
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---|---|---|
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44 | 1392159 | 0.190 |
18 | 640739 | 0.185 |
18 | 538022 | 0.180 |
2 | 65719 | 0.175 |
Price($) | Vol. | No. |
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