STX 0.00% 21.5¢ strike energy limited

Rolla, you are guessing again. AWE went cheap at $600m of which...

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  1. 4,041 Posts.
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    Rolla, you are guessing again.

    AWE went cheap at $600m of which 85% was attributable to the 50% ownership of Waitsia (~$510m).

    I would think a 2P and 2C reserve will be certified on success at WE - it will be immediately commercial if its anything like waitsia. Valuations on the SCBGP cant be transferred across to the WE project.

    If WE turns out to be analogous to Waitsia I would look to $500-750m as a min valuation on that asset.
    Then you have the UIL potential.
 
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