The weird irony is that every $1 that WGO invests into EP469 activities increases the option value for STX in their fully owned northern PB acreage. A successful EP469 appraisal program - WE3/4/5 - will not only provide an enormous data set for Strike to use in say EPA 82/98/99 but it will enormously increase the market confidence in Strike's 100% northern PB play. So the recent WGO $15m capital raise is a free gift for STX way above and beyond the JV cash calls into the EP469 activities. This will apply to every single future $ that is spent in EP469. It's a classic leverage play
STX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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