STX 16.1% 23.5¢ strike energy limited

Ann: Successful $75 million Institutional Placement and SPP, page-185

  1. 644 Posts.
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    From WGO quarterly:
    Warrego’s gas sale to Alcoa will utilise almost 70% of the processing capacity of the gas plant. This production quantity is far in excess of Warrego’s 50% participating interest share and necessitated the Joint Venture putting gas balancing arrangements in place to enable Warrego to overlift significantly to meet its sales commitments to Alcoa.

    70% of 80 Tj/day is roughly 55 TJ/day

    From STX presso:
    stx_phase1.JPG

    Contracted gas hits 80 TJ/d at 1H/24 - which is when WGO's Alcoa contract starts.
    STX only has 25 TJ/d contracted, so that also indicates that WGO is drawing 55 TJ/d.

    They have a gas balancing agreement, so WGO can take more than 50/50 at this phase.
    Just need to return it in phase 2, or pay STX, or whatever the agreement is.
 
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