STX 0.00% 19.5¢ strike energy limited

Ann: Terms agreed for $153m Development Funding Package, page-115

  1. 195 Posts.
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    Oh, I am here, trying to read between the lines of the announcement.

    No mention of the cost of these facilities in terms of arrangement and facility fees or warrants. There is no such thing as a free lunch or a Macbank loan facilty.

    The SE facilty is subject to FID being taken in respect of SE and ditto the WE facility. Quite big hurdles those. Especially WE where Strike has to get Hancock to agree.

    Its a partial feather in their cap but not enough to get through to next summer if the WE processing plant goes ahead.
 
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