Ann: STX: Outstanding West Erregulla Flow Test Results, page-92

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Gravscan

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25/10/19

19:59

Post #: 41073832
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Originally posted by Gravscan: ↑

This post by alexei ii on an STX thread talking about the surprisingly high levels of permeability and porosity found 5km down at WE2 was popular.

Post #: 41069068

Quote: "...rapid burial and illite fines played their role to preserve the porosity. Both these contributing factors are likely to be present on a "basin wide" basis as opposed to being confined to localised areas."

Another item of interest to me is that the three-cornered bidding war to take over AWE didn't begin until AWE had flow-tested the last of four Waitsia wells. Warrego's announcement of May 2019 titled "West Errugulla-2 Update & Capital Raising" describes this on pages 12-14.

Does that imply that four wells or thereabouts will be required at West Errugulla before suitors are likely to make any bids?

If so, when might STX finish drilling and flow-testing four wells?

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I'm asking again, more briefly.

AWE drilled and flow-tested four wells at Waitsia before any suitors made bids. Is that what has to happen at West Errugula before bids are likely? If not, why not? If so, how long might it take?

Thanks

Last edited by Gravscan: 25/10/19

WGO Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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Ann: STX: Outstanding West Erregulla Flow Test Results, page-92

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