STX strike energy limited

To clarify - why isnt this possible for West Erregulla?...

  1. wot
    11,554 Posts.
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    To clarify - why isnt this possible for West Erregulla?

    Significant Reserve Downgrade: Beach Energy Limited (ASX: BPT) announced a 34% reduction in reserves at its Enterprise gas field, lowering the estimate by 11.5 million barrels of oil equivalent (boe)

    but anyway.. the lesson is a stranded asset is discounted heavily by those that matter.. not the retail pie in the sky values. 3-4 years away from cash and significant capital risk before that
    Last edited by wot: Thursday, 19:28
 
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