$1.6b for 3.7Tcf is equivalent to $430m per Tcf per Strachan
Applying that multiple to the 0.5Tcf best estimate of WE equals only $250m.
Yes the WE gas is conventional gas BUT the WA domestic gas market is not as attractive as the East Coast Gas Market nor is the scale of the prospect anywhere near the same.
The current market cap of STX is approximately $100m with minimal cash meaning some upside for Jaws and WE is already built into the price (approximately $90m as cash is roughly $10m).
A lot is riding on Jaws given its sheer size.
Ann: West Erregulla Update, page-24
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.3¢ | 21.5¢ | $335.9K | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1187331 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 250526 | 25 |
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| Last trade - 15.17pm 22/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |
