STX 0.00% 22.5¢ strike energy limited

Ann: Successful $75 million Institutional Placement and SPP, page-218

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    gimo

    if that is the case it is a plus for the project.

    it has always been a concern of mine that the STX numbers were different and higher than the independent numbers from RISC.

    The downside is that the STX numbers could come lower, as the gas in the northern fault block may be excluded until it is successfully drilled by either a WE3 sidetrack or a redrill.

    I would, however, expect that these new numbers could be classified as reserves, not resources, post a gas flow from WE4.

    cheers, AL
 
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