STX 2.17% 22.5¢ strike energy limited

Ann: June 2016 Quarterly & Appendix 5B-STX.AX, page-178

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  1. 5,348 Posts.
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    "That would take probs 6 weeks, so I am thinking we're looking at mid September before K2 comes back to the same point again."

    I disagree the work-over and new pump set-up would take 6 weeks....... but you may be right about the whole process, including the de-watering (again) of K2, which all together may take 6 weeks. I dont think it would have been off for that long though (maybe 4-5 days down to connect up new down hole equipment with above ground equipment that would have been being built in parrallel - perhaps).

    Management appear to provide updates when they complete scheduled tasks that they have previously flagged to investors. I suspect we get an update when K2 is back in operation with the new pump set-up.

    Hopefully K3 has made some ground up in the last 3 weeks too and they are back at or above previous gas flow peak levels.

    As others are speculating - I don't think we see a commercial flow level just yet. But it cant be far off. This extra productivity would have delayed that a touch i think as they play catch up to new threshold de-watering levels.

    I could be wrong though.
 
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