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Ann: Xstate Resources Operations Update, page-438

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  1. 3,967 Posts.
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    I reckon you could be right
    the first time they hit gas, the whale shirt came out so it must be good
    nice sands and thick pay
    if it's still gonna open up the whole area for commercial gas I will jump on
    I just want to see the flow
    it's $170k to SGC and XST for the oil up north
    more like $50k per month for XST
    but it's still good money to stay afloat
    perhaps a dribble was a bit harsh
    maybe I should have said a good wiff
    but it's about how long pressure lasts
    too, a lot still needs to go right
    the risk from here is a damn sight less than it was a couple of weeks ago that's for sure, but it's still a risk.
    I haven't written it off, but I reckon I'd want to see Borba flow commercially before I'd commit subsatial funds
    not much longer before we find out
    I reckon GJ sht himself down deep and thought to himself, a bird in the hand is worth two in the bush, can't afford to stuff it up a second time, so I think you'll probably be ok
    I just gotta stiick my rule and not punt in the result
    Last edited by philsy18: 14/04/21
 
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