STX 4.76% 20.0¢ strike energy limited

SN thoughts on LD2

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    I asked SN on the ramifications for STX from the LD2 resultsmile.png

    "So today's announcement from Norwest has little geological implication for STXs ground as we have produced 90mmscfd to the north of our permits from WE3 and L2 is north of LD1. However the WA gas market will reel from this as most buyers were banking on some of Ellison's touted 250 TJD gas plant coming into the WA domgas market. I suspect this will put mid-term gas up at least another $1GJ."
 
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