STX doesnt need gas to sell for value to be achieved here. They need to prove they can get commercial gas flows - Value will then be applied to the potential resource delineation from there.
slide 11 of this illustrates this. Although they appear to be 6-9 months behind this schedule now with the pump / gas / water handling issues
http://www.strikeenergy.com.au/wp-content/uploads/2015/06/20150615-Investor-Presentation1.pdf
Gas has gotta be looking good, page-18
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Last
22.5¢ |
Change
0.015(7.14%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.5¢ | 20.5¢ | $2.660M | 12.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 135042 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 2190726 | 28 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |