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22.0¢ strike energy limited

Ann: Commercial Update, page-37

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tui

6,120 Posts.

1508

31/03/17

22:45

Post #: 23783733
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Originally posted by nip ↑

you' re correct. Scale is the salts depositing onto the metal parts of the pump. They' re most likely using a weak acid to redisolve these salts. The other issue is that the holes in these pumps are so small that small particles of dirt/coal/fracking particles are restricting the flow of these pumps. If left unchecked, they may even block the flow altogether. That is why it is so important to change the pumps over to beam pumps.
On another note, they have less than 100mmb of water to pump out ( maximum amount that is) to have proof of concept. ie less than 100 days. Hence the constant wording in their announcements of 2nd quarter to have proof of concept.
Also, from their previous announcement, they are talking to Orica in order to get them to stump up some funds.

Nip,
Great info. Many thanks

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STX Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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Last 22.0¢		Change -0.010(4.35%)		Mkt cap ! $644.7M

Open	High	Low	Value	Volume
23.0¢	23.0¢	22.0¢	$474.4K	2.114M

Buyers (Bids)

No.	Vol.	Price($)
30	1310644	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	1213998	41

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No.	Vol.	Price($)
30	1310644	0.220
32	2204386	0.215
30	1112147	0.210
19	774615	0.205
35	1310455	0.200

Price($)	Vol.	No.
0.225	1213998	41
0.230	579165	11
0.235	1167994	17
0.240	1393699	19
0.245	1317711	18

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