STX 4.65% 22.5¢ strike energy limited

Ann: Bell Potter Unearthed Presentation, page-65

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  1. 3,991 Posts.
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    You will be under stress for awhile.

    Just read on some of AWE reports during their initial drilling of Waitsia. This is what they said in regards to quality of reservoirs.

    “Conventional good quality gas pay is defined as reservoir having greater than 11% porosity as interpreted from a combination of wireline log and core data.”

    if SE2 has an average 11%, it is possible that half of the 16 m of net pay is below 11% porosity. On these numbers, bit difficult to imagine that SE2 would bring in outstanding flow rate results.
 
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