And this top line summary.with a PT of $4.20.
“Upcoming drilling is key to de-risking Strike’s value. A realistic expectation in our view would be STX unlocking 350PJ net at WE, 400PJ at SE (post-Wagina) and initial volumes at Ocean Hill (e.g. 100-200PJ). These events are highly material – if everything goes well with drilling, STX could be worth $1-2bn (or more in a bull case for gas multiples).• STX’s institutional ownership stands at 30-35%, and we expect this to rise as it now becomes the only pure play Perth basin stock (for those who don’t want to play diluted Perth Basin exposure via BPT). Key risks(-): Poor exploration results”
And this top line summary.with a PT of $4.20.“Upcoming drilling...
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Last
18.3¢ |
Change
-0.003(1.35%) |
Mkt cap ! $522.9M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $736.9K | 3.978M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 3813129 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 1603856 | 45 |
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| Last trade - 12.04pm 15/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |