STX 1.16% 21.8¢ strike energy limited

Ann: Jaws Pilot Update, page-104

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  1. 982 Posts.
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    I have no technical info to say whether the well will be successful or not from here but from my past experiences in investing in O&G I'd rather have Halliburton in charge here rather than some other operators...they are competent drilling operators and this (in my opinion) gives us all the best chance possible of a positive result. Remember also too that if they can drill this successfully I wouldn't be surprised (as alluded too many months/a year ago) if they want in to the permit to drill many more wells. The opposite scenario obviously is in play here also...they will be well paid for what they have done but couldn't flow the gas to the surface...that's the game(risk) here and you shouldn't be investing in companies of this size if you don't have a plan. (stops/exit/profit)
 
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