Support for domgas review, page-170

I've had a bit of a look at TEG and they are in a good position with the upcoming drills but i don't think STX would make a play for them.

Why??

Booth looks good but it's divided up into 3 parts already.

TEG 50%
NZO 25%
STX 25%

Which might leave STX with something like 70 PJ's of gas if successful.

The other prospects in L7 & 437 are much smaller and are also prospective for oil which is outside Strike's core business.

Then there's the 500 bcf of gas prospective lease in the North Sea UK that their UK CEO is keen on and says it's great for their neighbors Shell as they'll need a partner to make their similar field commercial as the cost of getting the gas to shore would be too much to make it commercial for them.
I see it the other way around and one company has little money and the other a lot and games could be played when the chips are down but again outside STX's core business in the PB.

I wouldn't be surprised if STX sell their 25% share and keep the $10 mill or so that's needed for them to progress their own projects...WE,SE,Arrino,Kadathinni,OH,Eneabba,Walyering E&W.

Just my musings.

Time will tell.