STX EWC

Rexsh, you are spot on, my latest guess centres more on Incitec...

First 45 Last

Share
Profile

Follow
Systematic28

702 Posts.

14/01/15

19:49

Post #: 14584788
Share

Originally posted by rexsh ↑

PSI,

"Each of the wells drilled needs to be connected to the gas processing facility which quickly adds up to an awfully large number of line km of pipe - particularly if they use wellhead separators and then need both water and gas gathering systems."
- Can you answer the question that was posed by MIR911 about what quantity of flow is required to enable separators to work ?

Systematic - I am led to believe your "guess" on the continued demand for off-take agreements is about right. As far as I know the situation for east coast industrial gas users has not changed one bit and in fact has probably gotten worse now (forward supply likely to be even less as the drilling rigs shut down). So the 2017 gas supply picture looks very very tight indeed and if anything getting worse. I believe there are others sniffing around looking for similar deals - although only hearing that third hand.

I am also led to believe that Orica are very much on top of what is happening here. There has been suggestion that they may need to see commercial gas flows to release funds for the next stage of proceedings but I am hearing that this may not be the case. It is likely they may need to see a prolonged period of sustained gas flow (like the 90 days being suggested) but I dont think that is a hard and fast rule either (ie) they could decide to pull the trigger on the greater investment at any point. The tightening east coast gas situation is only going to create more duress for them to pull the trigger more quickly in my view.
As others have suggested I am sure they would want to see gas flows build to a point where the COS improves substantially, but I do not think there are concrete milestones that have to be reached for them to release funds. The idea that it has to be "commercial" first for them to cough doesn't necessarily sound right to me.

IMO

Expand

Rexsh, you are spot on, my latest guess centres more on Incitec Pivot, fresh interest in a likely good thing born out of near term future necessity

EWC Price at posting: 34.0¢ Sentiment: Hold Disclosure: Not Held

STX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

HotCopper Highlights: Your most watched stocks for Week 48, 2024

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 82 more messages in this thread...

First 45 Last

(20min delay)
Last 21.0¢		Change 0.005(2.44%)		Mkt cap ! $644.7M

Open	High	Low	Value	Volume
21.0¢	21.0¢	20.5¢	$132.0K	630.3K

Buyers (Bids)

No.	Vol.	Price($)
29	1611652	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	874038	16

View Market Depth

No.	Vol.	Price($)
1	41542	0.065
1	49500	0.063
2	181695	0.062
4	227100	0.061
3	64667	0.060

Price($)	Vol.	No.
0.066	73350	1
0.067	100000	1
0.068	194209	3
0.070	40000	1
0.071	123966	1

Last trade - 11.39am 02/12/2024 (20 minute delay)

STX (ASX) Chart

Rexsh, you are spot on, my latest guess centres more on Incitec...

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

HotCopper Highlights: Your most watched stocks for Week 48, 2024

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Rexsh, you are spot on, my latest guess centres more on Incitec...

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

HotCopper Highlights: Your most watched stocks for Week 48, 2024

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News