STX 6.98% 23.0¢ strike energy limited

Ann: WE4 Production Test, page-88

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  1. 8,745 Posts.
    lightbulb Created with Sketch. 3407
    I'm not too concerned
    There are still a lot of shares in loose hands as a result of the recent capital raise.
    Today's WGO incompetence, resulting in mixed messages, is a terrible look and probably shook a few of those loosely held shares free.
    Fundamentally, I think today was good day, with excellent flow rates, and a second successful well drilled to add to the spectacular WE2 results.
    Furthermore, all of this data can only help to sure up reserve estimates leading into FID.
 
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