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Ann: Jaws-1 Technical Update, page-24

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mir911

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02/07/18

12:16

Post #: 34080855
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Originally posted by fyffee ↑

the negative reaction to today's announcement is due to this statement: " During testing the samples showed air contamination with unusually high Nitrogen levels and presence of Oxygen. Gas composition remains an undefined parameter of Strike’s resource with plans to narrow the expected outcomes during the upcoming production testing of the Jaws1 wells. "

I am very confident that this well can produce a high flow volume of gas, given all the work and monitoring that has been done by this team up to now. The biggest unknown is how much of that gas are commercial hydrocarbons - and that has the biggest bearing on the commercial viability of the whole project, not just this well. How much of the nitrogen and oxygen that has been measured in samples retrieved to date come from air contamination from surface, and how much is present in-situ in the resource; or how much of that contamination has displaced valuable hydrocarbons from the sample. That uncertainty is why the sp is down a bit today. If that uncertainty was not present, then I reckon the sp would have soared today.

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fyffee
the way i see it, the air contamination comes from surface

STX Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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2 Great analysis

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