STX 8.82% 18.5¢ strike energy limited

Ann: WE5 Production Test Update, page-18

  1. 6,314 Posts.
    lightbulb Created with Sketch. 2512
    They will presumably give it an acid treatment to try and clean up the cement damage. But IMO it's unlikely to bring it up to even WE4 flow rates. The fact they were even able to damage this reservoir suggests it's likely less productive than the others in the field.

    If an acid job doesn't do enough, I'm not sure if they would be able to frac at these depths but that could be an option too. A small skin frac to try and bypass the cement zone.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
0.015(8.82%)
Mkt cap ! $530.0M
Open High Low Value Volume
17.0¢ 18.5¢ 17.0¢ $2.155M 12.01M

Buyers (Bids)

No. Vol. Price($)
11 851855 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 131078 7
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.