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STX, STRIKE ENERGY LIMITED
nipper
post Posted: May 20 2019, 09:58 PM
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QUOTE
The first onshore exploration wells to be drilled in Western Australia for almost two years have lifted hopes of "lookalike" gas discoveries on a par with the Waitsia field in 2017.... Drilling should start near the end of May at the West Erregulla-2 well in the North Perth basin, targeting the same rocks as at Waitsia, said David Biggs, a non-executive director of Warrego Energy, part-owner of the exploration venture.

Waitsia, with an estimated 844 billion cubic feet of gas, is said to be the country's largest onshore conventional gas find for 40 years. West Erregulla could be even larger, with Warrego's partner Strike Energy citing a best-estimate target of 916 bcf, and potentially as much as 1.296 trillion cubic feet. Strike has put an unusually high 69 per cent likelihood on making a successful discovery and developing West Erregulla.

Strike is due to pay the first $11 million of the estimated costs of about $16 million for drilling and testing, with the rest to be shared 50:50. A drill-rig is being transported from Queensland for the well, which will target the Kingia and High Cliff sandstones that yielded success at Waitsia-4, about 13 kilometres away, although about 1000 metres deeper. The EP469 permit lies about 360km north of Perth.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
sh0950
post Posted: Jun 4 2018, 10:41 PM
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What has happened today?

 
jessica1
post Posted: May 2 2018, 08:50 PM
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In Reply To: sh0950's post @ May 2 2018, 12:43 PM

Jaws 1 Horizontal in the Coopers Basin...drilling completed/liner installed...now for the frac...if it flows gas watch out...take a look at the asx announcements of late...

 
sh0950
post Posted: May 2 2018, 12:43 PM
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up 13.5% on 5x average volumes.
Any info?

 
wieringen
post Posted: Nov 8 2015, 02:17 PM
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In Reply To: apache123's post @ Nov 5 2015, 05:58 PM

STX HAS BEEN VALUED $0.48 AND COULD GO TO$ 2.00 if all goes well

 
apache123
post Posted: Nov 5 2015, 05:58 PM
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hmmm SP up 12% today....

I wonder what's cooking?

SP needs to clear the 16c resistance barrier



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Buyer beware: Do your own research before investing....
 


apache123
post Posted: Mar 12 2015, 12:57 PM
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FYI

Ord Minnett Analysis on STX website

http://www.strikeenergy.com.au/wp-content/...-March-2015.pdf



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Buyer beware: Do your own research before investing....
 
apache123
post Posted: Dec 17 2014, 12:10 PM
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In Reply To: Optionsman's post @ Dec 17 2014, 11:41 AM

Yes it does seem high Optionsman

I'm still waiting to see if the oil price goes into "free fall" which could signal the bottom of the cycle. Only then will the big oil players consider curtailing production and a staggered return to higher oil prices thereafter.

Until that happens the oil price will be erratic in a downward direction.



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Buyer beware: Do your own research before investing....
 
Optionsman
post Posted: Dec 17 2014, 11:41 AM
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In Reply To: apache123's post @ Dec 17 2014, 11:13 AM

They assume $82/bbl for Brent for 2015? Seems a bit optimistic doesn't it?

 
apache123
post Posted: Dec 17 2014, 11:13 AM
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STX in the cross hairs of Ord Minnett as a spec buy

http://www.smh.com.au/business/markets/ene...216-12844n.html



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Buyer beware: Do your own research before investing....
 
 


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