STX 12.0% 28.0¢ strike energy limited

Ann: US Operations Update, page-6

  1. 6,339 Posts.
    lightbulb Created with Sketch. 771
    yep, a very sad and miserable ending to what was once a winning strategy in the US! Mesquiet, Rayburn & Louise were cash cows in their day but the first two were sold to fund EFS & Permian adventures which failed after two EFS dusters and the collapse in the price of oil.

    I reckon STX lost $40/50mil but in the same period the industry as a whole lost $billions. What did BHP lose on the Petrohawk purchse????

    I notice the buy/sell slightly improving...when did the bidder for 340k at 7c appear...anyone watching?
 
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