STX 2.78% 17.5¢ strike energy limited

Facts from D . Wrench, page-74

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    PSI, i would suggest the low water rates are more a function of them choosing to pump at very low rates so as not to damage the geology. I do not think it is because they have nothing to pump.

    So the fact they have sustained gas flows and still have water to pump to get to ideal desorption I would say the measured saturation and permeability has well and truly provided a VERY exciting combination. To have sustained gas flows this early, and on small or no fracs (ie klebb), with water production still in play, and with plenty of depressurisation of the formation to come via that de-watering, I would say they are in a very good situation here.

    Le Chiffre will be even more exciting as they have massive frac exposure and de-watering will not be an issue. The EUR on that one should be substantial when they finish looking after the formation there will slow flow back.

    IMO
 
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