STRIKE Energy spent A$7.6 million this quarter largely on its Jaws-1 well and though the project has hit some bumps Strike has enough cash to finish the job and had $6.6 million cash on hand and undrawn facilities at the end of March.
Jaws swallows all but Perth Basin plans progress
For the financial year to date the company has spent $9.4 million and estimates it will spend $5.6 million in the next quarter. The Jaws-1 vertical well was completed and the Jaws-1 horizontal...
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