Australia's largest stock trading and investment forum Australia's #1 stock forum

STX

Click for more information

1.22%

20.3¢ strike energy limited

SE is a different ball game and you still have to get over the...

First 159 Last

Share
Profile

Follow
Tooter

3,040 Posts.

514

06/09/21

21:16

Post #: 55874774
Share

Originally posted by invertedva: ↑

I wish NWE the best, but they are still 2 years behind us. And have to think about how to extract and sell any gas they find.

Either way, I think it's win-win for Strike. If NWE don't find gas, we become the main game in the Perth Basin (along with Beach, who are sending their gas to the NWS).

If NWE succeed, however, that would be a string of successes for deep gas in the Perth Basin, and suddenly we are talking about a major new international gas province being opened up. It also augers well for more drilling in WE and SE.

At this point, some may scream 'oversupply', but, personally, I think this will only increase the likelihood of the WA government reversing their idiotic domestic gas reserve policy (a very good thing for STX) and see the big boys around the world begin to take the Perth Basin seriously and (potentially) set off a land rush.

Expand

SE is a different ball game and you still have to get over the fact that it could all be under water. Only once NSAI confirm the GWC point can you say with any certainty there might be gas there. Remember very little 2D seismic done and NO 3D

STX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

SPR

Dalgaranga gold play's increase in MRE a 'pivotal moment' for Spartan

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Ruthworth

There are more pages in this discussion • 7 more messages in this thread...

First 159 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 20.3¢		Change -0.003(1.22%)		Mkt cap ! $586.4M

Open	High	Low	Value	Volume
21.0¢	21.0¢	20.0¢	$474.2K	2.293M

Buyers (Bids)

No.	Vol.	Price($)
125	5210720	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	964460	66

View Market Depth

No.	Vol.	Price($)
124	5215470	0.200
43	1879943	0.195
46	2163862	0.190
18	717875	0.185
19	675542	0.180

Price($)	Vol.	No.
0.205	920748	69
0.210	1524699	26
0.215	938621	13
0.220	3248083	18
0.225	641223	9

Last trade - 12.54pm 23/07/2024 (20 minute delay)

STX (ASX) Chart

SPONSORED BY