STX strike energy limited

Ann: Erregulla Deep-1 Update, page-21

  1. 618
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    We already knew the ED1 was on the migration path when they announced Wagina being gas charged. It is now a matter of how well developed the reservoir sands are and whether there is an adequate seal. Wirelogs will tell us quite a bit about reservoir characteristics (net pay zones thickness, permeability and pressure etc) and ultimately flow test will confirm reservoir productivity/delivery. I'd say my COS has gone from 50% to 75% in terms of a discovery. It's looking really good but let's wait for wirelogs.

    618
 
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