STX 2.56% 20.0¢ strike energy limited

Euroz note 60 c valuation, page-5

  1. 108 Posts.
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    My deciphering is:
    • Hancock paid $2/GJ for WGO based on their 2p/2c levels, a price which assumed a $10/GJ spot price (if they were 1p of uncontracted reserves ready to be extracted it would be closer to spot).
    • STX once through these next 2 drills will have a similar 2p/2c ratio to what WGO had therefore fair to value them at the same $2/GJ of 2p/2c which hopefully we know in December.

    But then I could well be wrong.
 
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