STX 1.43% 17.3¢ strike energy limited

Ann: South Erregulla Update, page-22

  1. 3,021 Posts.
    lightbulb Created with Sketch. 5734
    see@VOGC post.
    The other point to make here, is that the Wagina gas is a "side hustle" for the Haber project. Most of the gas will come from the Kingia.
    But if the Wagina reserves are significant (I think they will be), you can use Wagina gas to "top up" or displace some Kingia Gas, whenever you feel like it, in the Haber project. Might be very handy, particularly if you have potential short term windfalls to feed the Kingia gas into.

    Al99 is speaking from experience. And Wagina gas as a standalone at these rates does not cut it. 10m of "pay" is not enough either. But, as the experience of adjacent operations has shown, the Wagina just keeps on giving - hence the postulated "gasifier" that "continually feeds" the "pay zone". The 60m of "gasifier" in SE-1- if proven to be contributing significantly (over time) to gas production from the "pay zone", can add substantially to the reserve. And if you have time up your sleeve and you're already out here doing other stuff, you can easily accomodate a few Wagina wells, ticking away, topping up plant gas storage tanks or feeding into lucrative markets. They key is in development strategy and engineering.

    Lets wait and hear what the company has to say. They, after all, know more than anyone else.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
17.3¢
Change
-0.003(1.43%)
Mkt cap ! $501.4M
Open High Low Value Volume
17.5¢ 17.5¢ 17.0¢ $121.7K 706.0K

Buyers (Bids)

No. Vol. Price($)
75 1997396 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 1247253 32
View Market Depth
Last trade - 11.54am 19/08/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.