STX 0.00% 18.0¢ strike energy limited

Ann: Trading Halt-STX.AX, page-44

  1. 319 Posts.
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    Isn't this diagram a little misleading. As the size if the frac and drilling works increase the minimum flow rate for commercial threshold should be increased in line with the additional costs. You cant say there is this exponential additional benefit witb material additional costs but baseline commercial flow rate remains the same as a small frac vs massive frac programs.

    This would go to tbe very heart of full field development. A bit like in the original csg days when wells cost a couple 00,000s but by the time it got to full development phase costs where ten fold from all the long lunches people where having.

    Just a thought. As much as they seem like genuine mngt team. Seems a little non-genuine to present a 2 million pound frac requires the same flow rate as a non frac well / small frac well to be commercial

    Happy to be corrected, just IMHO but
 
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