Fully agree it's not THAT bad of a news, but it is still bad news because at the end of the day. It is still a downgrade that will reduce the NPV of the field, at least at this point in time based on what is known. This can change with future positive appraisal results. The SE Peaker cashflow is now even more important to us because any meaningful Walyering cashflow is due to end by 2028 by my calculation. If WE development goes to plan, then it's all good. But if that is delayed for whatever reason by a substantial period, SE peaker could become our sole cashflow stream to help fund operations.
618
STX Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)