STX 2.17% 22.5¢ strike energy limited

Ann: June 2016 Quarterly & Appendix 5B-STX.AX, page-133

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,334 Posts.
    lightbulb Created with Sketch. 2536
    No because I didn't have access to the data earlier so it doesn't matter how accurate it was!

    What I'm saying is that when they put the wells online and got gas at a pressure drawdown suggesting 90% saturation, I thought there must have been a problem with either the desorption data collection or with STX's interpretation of it.

    But the Patchawarra data looks okay to me, nice straight lines in the desorption trend that you use to calculate the amount of lost gas. So it seems there is another issue. But we have two different sources telling us two different things, the desorb and the production test. Of those two the production test is more definitive. It's faintly possible the desorb data is correct and something odd has happened in the production test, but it's pretty hard to see how they could get enough gas to flare from such little pressure drawdown if the saturation really was only ~40%.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
22.5¢
Change
-0.005(2.17%)
Mkt cap ! $644.7M
Open High Low Value Volume
23.0¢ 23.0¢ 22.0¢ $501.0K 2.230M

Buyers (Bids)

No. Vol. Price($)
27 2046366 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 318000 5
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.