This well ,while hopefully successful has only had LWD over the d sands , so isn't even as successful yet as se 2 and 3 proved to be...for what is presumed to be gas , with no samples could yet prove to be water?
I'm cautiously optimistic, but it's yet to be proved, hence stx guarded tone and the meh market reaction....fingers crossed as stx has been way too cocky in the past .
Certainly success isn't priced in , and we await the 3d prior to Ed 1 reserves too.
Tc
STX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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