STX 17.9% 23.0¢ strike energy limited

Funding versus Broking, page-35

  1. 1,993 Posts.
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    hi Rat
    "in the case we hit Gas"
    we will hit gas, here a bit of info from the drill in 1991, most likely if that well was drilled today it would be commercial smile.png

    The Ocean Hill Gas discovery was made by SAGASGO in
    1991 with the drilling of the Ocean Hill # 1 well which
    intersected 800m of gas shows with 100 metres of
    interpreted net gas pay. On test the well flowed 700
    MCFPD and 17 BCPD. Gas price dynamics at the time
    meant that the well was sub‐economic.

    A post drill engineering report found that it was highly
    likely that drilling techniques were a possible cause of
    the low flow rates due to formation damage.


 
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