|Bid||0.0750 x 0|
|Ask||0.0900 x 0|
|Day's Range||0.0700 - 0.0750|
|52 Week Range||0.0150 - 0.0750|
|Beta (5Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 14, 2020 - Feb. 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Project Venus' ATP 2051P area totals 154 km2 (Real Energy 50%/Strata-X Energy 50% JV) and is located within the productive Walloon CSG fairway of the Surat Basin. Successfully proving commercial gas flows at a Venus Project CSG pilot will allow the predictable conversion of the 694 PJ prospective gas resources certified in ATP 2051P into reserves. The first pilot well, Venus-1, a new vertical well is to be drilled to approximately 650 metres - drilling ...
Highlights On 5 March 2020 Strata-X announced a Heads of Agreement with BotsGas Pty Ltd ("Botsgas") for a staged farm-out program designed to de-risk the Serowe CSG Project and, if successful, to prove sufficient reserves to secure a foundation Gas Sales Agreement. Due to execution complexities surrounding the COVID-19 pandemic, the parties have agreed on a revised structure for Botsgas to farmin to the Serowe CSG Project. The revised Heads of Agreement (which replaces the terms announced ...
Up to 7 Appraisal Wells and 3 Multi-well Production Pilots Strata-X executed Heads of Agreement with BotsGas Pty Ltd ("Botsgas") for a staged farm-out program designed to de-risk the Serowe CSG Project and, if successful, prove sufficient reserves to secure a foundation Gas Sales Agreement (GSA).If all stages are progressed, BotsGas will fund 100% of the estimated costs to drill, complete and test up to 19 wells subject to any cost overruns that will be ...