STX 8.33% 26.0¢ strike energy limited

I don't know if they have a commercial project, but certainly...

  1. 6,270 Posts.
    lightbulb Created with Sketch. 2462
    I don't know if they have a commercial project, but certainly the problems they are having are indicative of a productive reservoir. That is a better problem to have than the problem of a non-productive reservoir.

    A larger company would just drill a lot more wells, but STX doesn't have the money for this. So yes, if they can get the engineering right, that would be fantastic, because it would mean they may be able to prove commercial flows with the current pilot setup (plus probably K5). That would let them drive a much harder bargain when it comes to funding the demonstration plant, because the investor would have a lower-risk proposition.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
26.0¢
Change
0.020(8.33%)
Mkt cap ! $744.1M
Open High Low Value Volume
24.0¢ 26.0¢ 24.0¢ $2.803M 11.09M

Buyers (Bids)

No. Vol. Price($)
2 238460 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 907108 9
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
25.5¢
  Change
0.020 ( 7.19 %)
Open High Low Volume
24.0¢ 26.0¢ 24.0¢ 2892014
Last updated 15.59pm 29/03/2024 ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.