STX 8.82% 18.5¢ strike energy limited

I suspect there may have been some ongoing dialogues in the...

  1. 618
    3,408 Posts.
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    I suspect there may have been some ongoing dialogues in the background regarding how to best move forward with WE. I think quite a bit will depend on the gas reservation policy outcome. If PB gas can be exported and MIN does end up building a 250TJ/d processing plant, then Hancock will have their own pathway to commercialise their share of the gas by piping it to MIN plant, or they may choose to go with STX on the precinct. At the end of the day, even though we "only" have 50% of the EP469 gas, it is still a truckload of gas sitting there doing not very much. So it is also in our best interest to develop the asset and progress it towards a commercial pathway.

    As @relaxed also mentioned, I think the rest of our prospects are solid, but not quite mature enough for drilling just yet. Hence why ED1 and SWE1 are next to be drilled. Once they mature OH, Arrino, Kadathinni and Eneabba, we will have plenty to work on.

    618
 
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