STX 12.0% 28.0¢ strike energy limited

Ann: South Erregulla Update, page-87

  1. 3,027 Posts.
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    Noel you are missing the point as WGO had an extensive 3D survey of the area which showed there was closure in the structure which then allows you to estimate the potential reserves.

    SE doesn't have that level of seismic so what information do you have to extrapolate the size of the field
    So in layman's terms if this was a sponge cake you've drilled 1 hole and found some jam so what other information do you have to say if there is jam in the rest of the cake and how much ???? The answer is with 1 hole and no 3D it's just a guess.

    4 wells drilled in WE extensive 3D and look what certified number that's been given.
 
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