W5 & W6 flow test results were announced on 3/5/22 and 20/7/22 and the W6 anno refers to water in the B sands. Given STX have already lodged the paperwork for the W7 tie in, it's safe to assume the W7 results are "a goer". All will be revealed by end of August in the RISC update to reserves and resources. The RISC update is important as I expect the field life to be extended beyond the initial 5 year projection. If Walyering field life was to be extended, and nameplate was to lift to 40Tj/day as proposed, the NPV of Walyering will increase dramatically. WIth the magic wand being waved over the seismic resulting in the new W8 drill (December 2024), and W9 & W10 now being proposed, there is real positivity around this asset. Nice one Colby.
STX Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
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