Very impressive results. Quick calculations on the economics....
Gross cost of W5 was $8.5M
- Initially, STX was expecting 20TJ/day (16.8mmscf/d) from 2 wells (W5 and W6)
- More recently, following the preliminary W5 testing, STX upgraded production to 32TJ/day.... at $6/GJ = $200k a day = $73M per annum (of which STX share is 55%).
- Following todays outstanding results, they can further upgrade the design to produce up to to 42TJ/d (without the need for major upscaling.... at $6/GJ = ~270K a day = 98M per annum (STX share is 55%)
Finally, again they reiterated the objective to have W5 and 6 commissioned later in 2022.
The economics are very impressive. First revenue coming so soon really is a game changer.
Ann: Walyering Flow Test Materially Exceeds Expectations, page-16
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21.0¢ |
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Mkt cap ! $601.7M | |||
| Open | High | Low | Value | Volume |
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