Ann: STX Acquires Interest in Highly Attractive Perth Basin Block, page-27

As always, good to see contrary opinions, specific to latest announcement.

Expect that the Q1 quarterly, out in April, will detail to a greater extent the background and rationale around the opportunity and deal. What I like is that it fits the Strike playbook of appraising undeveloped 'high-impact' opportunities in areas where there are supportive governments and adjacent infrastructure. Regulation and lack of infrastructure are classic project killers.

Diversification is the only free lunch.

Cheers

Adaltiora