STX 1.11% 22.3¢ strike energy limited

Analyst Notes and Price Targets, page-100

  1. 1,974 Posts.
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    Question for all.
    Would it be in the best Interest and is it likely that the company now takes a step backwards with SE and puts in a plan to initiate a 3D seismic in the region, cost for sure but not excessive and the results could be enlightening and rewarding.
    This means SE goes to the back seat for a while, but a 3D survey would likely save dollars and qualify the data and will deliver a better interpretation of what is possible.
    Not saying that they can't rectify the drills at SE2 & 3 and I hope so, but if it's uncertain is it to late to now to go with a 3D??
    My instinct is to get it underway ASAP so we can identify what lies below, we have a more than fair idea that gas is down there, but is it economically viable??
    Gotta say in a nut shell that I'm a huge fan of 3D seismic surveys and dont drill without one and I want one for SE.
    My opinion.
    GLAH




 
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