Mumblings in broker land are that the flow rate is poor. Presumably this just means SE3 as that's what's in the announcement. Hope they are wrong and someone is just stirring the pot. Maybe SE2 comes in better, but seemingly a bit of a crap shoot which is a bit surprising given SE1 flowed very well and with not too dissimilar drill test results. Given 'nearology' it seemed like a lock (and may still be). I know geology 5km down is no exact science but perhaps someone can share their thoughts on likelihood of this being possible?
Hypothetically, if they both came in as dusters it could put a pretty significant wrinkle in STXs plans if these wells don't end up being commercial. Lower reserves. FID..??? Little / no benefit from change in export policy (until they discover more uncontracted gas). Where does everyone think of the 6 month outlook?
Ann: Trading Halt, page-120
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