SXA 0.00% 7.0¢ strata-x energy limited

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  1. GtP
    367 Posts.
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    They have 89m shares in issue - sorry was confusing them with Magnum. 90m x 2 cents is A$18m of wannabe gas. Seems to they they are jumping on the bandwagon, get in lot more shareholder money (use Tlou success), use that to drill a lot of wells using new drill technology supplied by Ron’s private business interests. The size of their leases are small - will they need permission of neighbouring lease holders to evacuate gas/power to wherever. I suppose there is a chance to make some gains here - don’t be left holding the baby
 
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Currently unlisted public company.

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