STX 2.17% 22.5¢ strike energy limited

Ann: Southern Cooper Basin Operations Update, page-204

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. pjf
    2,218 Posts.
    lightbulb Created with Sketch. 65
    We still don't know how much water there is to be disposed of, and there is a major positive as stated by Bell Potter

    "With high levels of natural fracturing, we consider future wells may not require fraccing. This could reduce the well cost by ~0.6m or 17%. However, a portion of this capex saving will likely be diverted to fund the installation of sufficient water handling capacity."

    Note the word "portion", so it could still be cheaper to produce than originally projected. But of course at this stage no one knows.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
22.5¢
Change
-0.005(2.17%)
Mkt cap ! $644.7M
Open High Low Value Volume
22.0¢ 23.5¢ 22.0¢ $2.241M 9.857M

Buyers (Bids)

No. Vol. Price($)
2 101934 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 632617 8
View Market Depth
Last trade - 16.10pm 08/10/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.