STX 4.44% 21.5¢ strike energy limited

Nice news, and was expected. What i found more interesting was...

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  1. 168 Posts.
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    Nice news, and was expected.


    What i found more interesting was the following statement from WGO:

    “Beyond that, we are keenly progressing plans through the joint venture process with our 50% partner
    in the block to undertake further 3D seismic and drill additional delineation wells in 2020 to fully define
    the field and the extent of the resource. Only 1/3 of the EP469 Block area has been mapped by 3D
    seismic and we are optimistic that further West Erregulla-like resources will be identified during the
    2020 campaign,”

    To me it says, "we'll ignore TO for now and try and expand on the resource"
 
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