STX 2.44% 20.0¢ strike energy limited

Operations update, page-3

  1. 5,348 Posts.
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    If something really bad happens they have to report it to the market..... it is the ASX disclosure rules.

    My guess is they are still in the process of increasing the gas rates to a more stable level and doing their best to get a good short term result.
    You have to remember that some coal seam wells take many years to even flow any gas. In a way we are lucky they have gas at all at this stage.

    So yes I think it is time to show some more data, and an update on how things are going, but I also think they don't want to just come out with the same standard update again. Perhaps that is why there is a delay to an update because they don't have anything really significant to say right now.

    One thing I am sure of though, if they had something majorly wrong they would have to report it to the market. So you can only assume they are slowly but surely getting to where we all want to be.

    IMO
 
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