STX 2.70% 18.0¢ strike energy limited

I think bids are most likely to come after SE drilling is...

  1. 3,558 Posts.
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    I think bids are most likely to come after SE drilling is completed and testing is done and the rig then goes to MIN.

    SE is more of an unknown than the next 2 drills at Erregulla Deep and SW Erregulla in our JV block and are much of a given with a high CoS,IMO.

    Then.....if MIN get a good result at their 2 drills they might want to move on us before we can prove up ED as they will have a good idea of what might happen there.

    On the other hand if MIN's drills don't come up to expectation they might want to make a move on us for what 2P & 2C we already have.

    All points to things kicking off after we drill SE from my POV.
 
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18.5¢ 950878 35
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