STX 8.82% 18.5¢ strike energy limited

Ann: Successful Walyering-7 Appraisal Results, page-36

  1. 3,050 Posts.
    lightbulb Created with Sketch. 5806
    theres a lot in that small snippet.
    1/ once they open up production from additional zones in W6 (which they have successfully done) - there is more gas on tap...increasing potential throughput to satisfy possible future demand.
    2/ there could be a resource upgrade at W6, once it starts producing from additional zones. idk how they have accounted for reserves up to now.
    3/ the slicklne is on site - see cropped pic i posted. thats a workover rig, not a drilling rig. ready to run tests on W7 when Ensign demobs.
    4/ running tests via the gas plant means they can run the tests for a week or as long as they want - giving greater confidence to reserves certifiers.
 
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