STX 0.00% 20.0¢ strike energy limited

Ann: South Erregulla Update, page-230

  1. 262 Posts.
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    Spot in WA was around $3 at the time so dont expect the CSBP volume (~ 100 bcf iirc?) to be at much more than that. That option is most likely hugely in the black now CSBP. An expensive $5 million (for STX) as it turns out. Really, the option price is material to STX as a % of their discovered gas volumes and should be disclosed.
 
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