Thing with STX is that its got some other exciting tenements in the Perth Basin that it acquired through its takeover of UIL. With success at Warrego, these tenements look more enticing.
Another thing is that STX has been promising big and under-delivering for quite some time (not through any fault of management). Now with their modelling proving accurate (at least so far), I think their other risky decisions (like taking over UIL and farming in with WGO) are being seen in a different light, and the company is re-establishing its credibility with the market. Remember, also, that STX has an untested, young MD who the big end of town were probably a little skeptical about... until now.
