Sorry Toots. Even though I tried my hardest I could I could not interpret what you were trying to say in your statement
"The perched water theory could be correct but I'm not convinced and here is my reasoning why...... Only if the GWC was at 4630 and it's not perched and it is contiguous sands then SE moving south will be under water"
No matter. but you need to find an explanation for why they didn't find water in WE-5. You may recall that, in order to verify their perched water hypothesis, STX perforated a 6-meter section 15 meters below WGO's WE-4 inferred GWC and tested it separately (STX 29 July 2021 ASX announcement). They did not find water.
Now, unless we are a flat earther (and despite all the evidence there are still flat earthers around) we all know that water, if not constrained, will find its own level. The fact that water was found in WE-4 but not 15 meters lower in WE-5 is very strong (almost irrefutable) evidence that there is an impervious barrier around WE-4.leading to perched water.
STX Price at posting:
40.5¢ Sentiment: None Disclosure: Held
(20min delay)