http://hotcopper.com.au/post_single.asp?fid=1&tid=1066432&msgid=5936803
Today sees STX (Strike Energy, previously Strike Oil) announce a significant increase in acreage in the Cooper basin, and now have approx 17000km2 of leases in the most prospective basin in Aus
Targeting non-conventional resources, the drilling campaign will commence in jan on PEL96 and will continue for the entirety of 2010
US operations for gas and condensate will also re-commence early next year with resource of approx 200bn cf gas being targeted with drilling program on a new JV lease being prepared
Current market cap approx $83million for 360million shares
more here >> http://strikeenergy.com.au/
IMO has potential over 2010 to make significant increase in sp, multiplying reserves, increasing cashflow and obviously increasing sp.
DYOR
short term - stock to watch - strike energy
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