Strike Energy’s (ASX:STX) latest update has been well received by its enthusiasts and shareholders on HotCopper, announcing an aggregate 28m net gas pay find downhole Erregulla Deep-1 – Australia’s deepest ever onshore well. Multiple users questioned on Tuesday morning whether or not this will scare shorters away – currently, Strike is one of the most heavily shorted stocks on the ASX after it drilled a duster earlier this year. To be sure, that may soon change – not only is Erregulla Deep-1 Australai’s deepest ever well drilled onshore, it has also effectively proven that a Permian-age gas pl…
