It's all gone a bit quiet on the Western front, so I started thinking about the next milestones or catalysts for a re-rating of the STX share price. Here's my initial summary - which I'd appreciate any input on in terms of additions, corrections or additional detail...
- Q1 2020 - Native title agreements for exploration licences on EPA 82, 98 and 99 (100% owned leases around WE-2)
- ?? 2020 - 3D seismic surveys of above EPA titles
- Q1 2020 - EPA469 (WE-2) convert to production licence
- Q1 2020 - Beach's seismic survey in adjacent titles
- ?? ???? - Cooper Basin - how long is a piece of string...but they have said they will fund it until the end of Q4 2020, so hopefully something by then?
- ?? 2020 - WE-3 drilling and appraisal. Currently procuring long lead time services and rig.
- Q4 2020 - Walyering 3D seismic results - followed by drilling program ?dates? and Farm Out agreement ?dates?
- Q4 2020 - FID Phase 1 on WE-2 (and WE-3?)
Thx in advance. Hesk.
Upcoming Milestones for STX
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