EDcember

The highly anticipated ED report.....It's going to be very interesting where this one lands.

We know the well reportedly tested above expectations across 3 pay zones. We know that there was an estimated 278pj 2U based off estimated unrisked 165-403bcf (prior to drilling)

If we hit the original estimates that will net STX 139pj and increase STX reserves at WE/ED to 350pj.
We all know the maths on this vs our current MC of less than $400m. The unknown "investment" closed door discussions and JV stagnation is killing confidence however just because the bank
is closed on a Sunday doesn't mean your account is worthless.

We are still the operator and still own 50% of the gas. If we sell or equity uplift a portion of WE then we may get the desired $2/gj, if we develop it will be a long road but it may end up double that rate after opex/tolling.
Also on another note, some are saying no one other that Gina would buy in, how can we write off that her current partners such as POSCO would not be interested, or old friends who manage goliaths such as Wesfarmers (who own CSBP).

Anyway it will be very interesting to see what eventuates.....good luck to all.