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21.5¢ strike energy limited

mickzed, they're referring to the $7.5m prepayment as outlined...

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rick23

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11/10/19

09:48

Post #: 40829402
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Originally posted by mickzed ↑

What does everyone think of the below from the AFR? I thought we paid ORICA with shares already?

Of course Strike Energy has other funding needs, too. It will need to repay a gas prepay to Orica if (as is likely) its Cooper Basin CSG project is abandoned and may have some rehabilitation liabilities.Strike Energy had $11.4 million in cash and equivalents as at June 30.Interestingly, Strike Energy's partner at West Erregulla-2, the $235 million Warrego Energy, topped up its coffers with a $12 million equity raising last month via RBC Capital Markets and Bridge Street Capital Partners.

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mickzed, they're referring to the $7.5m prepayment as outlined here:

http://www.strikeenergy.com.au/wp-content/uploads/2017/08/20170817_Orica-GSA.pdf

STX Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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