STX 0.00% 20.0¢ strike energy limited

Hey HardcashShort answer Yes and Yes.For sure, first priority is...

  1. 393 Posts.
    lightbulb Created with Sketch. 247
    Hey Hardcash

    Short answer Yes and Yes.
    For sure, first priority is to spend $$'s drilling more across the acreage (faster, cheaper, better), converting 2C into 2P (to make Toots happy), building more gas processing infrastructure (ask Gina to go halves on the STX farm) and getting more cheeky 3D seismic.............

    But at some stage, hopefully sooner rather than later, we have some free cash flow left that doesn't have a "must do" name on it.
    Return that Capital to shareholders as a Divvy, or worst case share buy back.

    1CPS = $25MM, 2CPS = $50MM. Wouldn't be too reckless on a $300-500MM revenue company.

    Pure Spec ha ha!
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.000(0.00%)
Mkt cap ! $572.1M
Open High Low Value Volume
20.5¢ 21.0¢ 19.5¢ $2.010M 9.921M

Buyers (Bids)

No. Vol. Price($)
11 870110 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 214182 2
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.