STX 4.55% 23.0¢ strike energy limited

Operations update, page-5

  1. 8,708 Posts.
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    I think the lack of depth is what makes people nervous too. It feel like the escape route is shutting.
    I've always seen this as a case where you just have to wait-and-see, for better or worse, especially if you've got a reasonably large position.
    Can't see us getting an announcement now. If flow rates are edging up, they'd wait to Monday before reporting (gives them a few more days to assess rates and decide on a trading halt). If, however, they're still pumping water, and results are weeks away, you'd think they'd just release their run-of-the-mill update.
    What I'm saying is that a delayed announcement does not equate to bad news. That rule of thumb applies more to conventional drilling.
 
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