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24-12-2008, 08:54 AM
#121
Well STX worth 41mill atm hard to believe after all the great discoverys STX SP is back to where it was in 2005 yr
-current P/E-4.8 talk of current reserves keeping STX cashflows flowing for the next 6-7yrs
-looking forward to a discovery at tumbleweed 40bcf 30% STX just spudded
-Daily production of gas and oil‐condensate from Rayburn and Mesquite is approximately 45 mmcf gas and 1,160 barrels of condensate, or 5,660 barrels of oil (value) equivalent (boe); approximately 1,300 boe net to Strike Oil. This substantial rate is providing monthly revenues to Strike Oil approximately AUD$3 million per month based upon the current oil and gas prices.
STX-my long term hold 4yrs an counting (taken some profits along the way)
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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25-12-2008, 02:45 AM
#122
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26-12-2008, 08:21 AM
#123
 Originally Posted by yogi-in-oz
Hi folks,
STX ... expecting to see some very nasty news surface, in January-February 2009 ...
Merry Christmas and Happy 2009.
have a great day
paul
=====
nasty news ?? not really what I need for a happy new year!!
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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26-12-2008, 04:48 PM
#124
Member
Originally Posted by yogi-in-oz
Hi folks,
STX ... expecting to see some very nasty news surface, in January-February 2009 ...
Merry Christmas and Happy 2009.
have a great day
paul
=====
Could you be more specific?
It cant go much lower, from being about 35 cents mid year i think to 11 cents now.
What is this news? and how come other forums arent talking about it?
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26-12-2008, 09:21 PM
#125
last time they were 11c they didn't have any production only abit of cash from the sale of Casino discovery hard to believe with 2 high class production areas there back at 11c Crazy -PS-NAT gas close to breaking through $6
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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26-12-2008, 09:29 PM
#126
Member
I think if your a holder, this time in 2009, the price is going to be a lot higher than 11cents, oil will be back to $80 dollars a barrel. No use selling now.
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01-01-2009, 03:56 PM
#127
Originally Posted by JBmurc
last time they were 11c they didn't have any production only abit of cash from the sale of Casino discovery hard to believe with 2 high class production areas there back at 11c Crazy -PS-NAT gas close to breaking through $6
JBMurc
Just rereading the Sept quarterly again (as you do in the holidays  )
There FuturGas (CTL) project in South Australia is in roughly the same neighbourhood as the permits formerly held by Sapex (SXP, is now part of Linc Energy "LNC").
Linc Energy is about to receive $A1.5b cash from the sale of some coal permits to Chinese interests, which will fully fund them into production.
Given STX has a JORC 578mt lignite resource, & the apparent close geographical nature of there permits to LNC, it's not too out of the question that LNC & STX could work together to develope the project.
This could be huge, & on top of ever increasing gas & oil revenue from STX, this has rekindiled my interest ...
Might be worth holding a few, on the basis that LNC may come sniffing around?
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01-01-2009, 06:14 PM
#128
Originally Posted by shasta
JBMurc
Just rereading the Sept quarterly again (as you do in the holidays )
There FuturGas (CTL) project in South Australia is in roughly the same neighbourhood as the permits formerly held by Sapex (SXP, is now part of Linc Energy "LNC").
Linc Energy is about to receive $A1.5b cash from the sale of some coal permits to Chinese interests, which will fully fund them into production.
Given STX has a JORC 578mt lignite resource, & the apparent close geographical nature of there permits to LNC, it's not too out of the question that LNC & STX could work together to develope the project.
This could be huge, & on top of ever increasing gas & oil revenue from STX, this has rekindiled my interest ...
Might be worth holding a few, on the basis that LNC may come sniffing around?
Yeah certainly a nice asset to have in the backround STX does certainly have there fingers in some prime pies of energy
STX's Non-Conventional Resources Growing – Based on a 10,000 barrel
per day coal-to-liquids (“CTL”) project, Hybrid may be worth > $350m.
Alternative financing options are currently being considered. A farmout
deal could crystallise the value of the asset and re-rate it on the market.
Strike also has a 67% interest in an early stage coal seam gas /
underground coal gasification project, where drilling is scheduled in
2009.
So not only do STX have a growing production base in US.
but Hybrid CTL which we know could in it self be worth alot more than current Mktcap by itself.
Throw in a good CSG targets 8 to 20 trillion cubic feet of gas in the cooper basin.
-20,000bbl day underground coal gasification target in their southern cooper basin.
-shallow Offshore gas in the Carnarvon Basin W.A (111bcf target at baniyas )
-Rivoli is an existing discovery with estimated resources of 10-20 bcf.
-a 8.9% shareholding in COI
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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01-01-2009, 07:45 PM
#129
good post JBmurc
shasta-
JBMurc
Just rereading the Sept quarterly again (as you do in the holidays )
There FuturGas (CTL) project in South Australia is in roughly the same neighbourhood as the permits formerly held by Sapex (SXP, is now part of Linc Energy "LNC").
Linc Energy is about to receive $A1.5b cash from the sale of some coal permits to Chinese interests, which will fully fund them into production.
Given STX has a JORC 578mt lignite resource, & the apparent close geographical nature of there permits to LNC, it's not too out of the question that LNC & STX could work together to develope the project.
This could be huge, & on top of ever increasing gas & oil revenue from STX, this has rekindiled my interest ...
Might be worth holding a few, on the basis that LNC may come sniffing around?
nice spotting shasta...
I think I need to have a good look at Strike eah...
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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01-01-2009, 08:14 PM
#130
Originally Posted by Shrewd Crude
good post JBmurc
nice spotting shasta...
I think I need to have a good look at Strike eah...
.^sc
Especially with the chart showing some improvement, having already crossed the 30 day MA
And looking at a shorter term (3 months chart), 10 & 30 day MA
Last edited by shasta; 01-01-2009 at 08:27 PM.
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