STX 4.55% 21.0¢ strike energy limited

sadie gas shows, page-23

  1. 6,374 Posts.
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    never assume anything when it comes to O&G exploration!!

    Fraccing is designed to improve the flow of O&G from the reservoir rocks back to the well and can be the difference between commercial and non commercial flows but it certainly doesn't indicate "free flowing O&G" - wouldn't that be nice!!

    Obviously they have found something at Sadie that looks to be promising, or they wouldn't fracc - its expensive.

    STX have been exploring this area/geology for the last 6/7 yrs with an equal measure of success and failure, they know the play and have made previous discoveries near by!

    So the decision to fracc is a good sign but no indication of ultimate success!

    HC
 
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