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20.8¢ strike energy limited

50c! Re-rate coming!, page-11

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max99

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19/02/22

11:35

Post #: 59677731
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Originally posted by gimo211: ↑

What a monster the Wagina can deliver for Strike...

They flared gas at the surface against a mud weight to control about 7,500 PSI formation pressure and hence, I except outstanding flow rates during the test (through the 9 5/8” intermediate casing...).

If the (at least - it might be more than this down to the Carynginia...) 61m “gasifier” section can constantly re-charge the 16m “flow-unit” like what was seen in the neighboring wells, it could actually deliver more than 1 TCF of gas from a structure of about 34 sqkm... from the Wagina alone... just the upside...

I think, the Wagina discovery alone should be enough for a rerating, and 50c per share is not the limit...

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Thanks Gimo211,

So we could be looking at

400bcf at WE , after the re entries
1tcf from Wagina SE
1tcf + from Kingia SE
40 - 80 bcf from Walyering

That's big numbers in the very near future to strike

This surely will bode well for stx to be exempt from the LNG export ban that I believe we have applied for! .

Last edited by max99: 19/02/22

STX Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
20 Upvote

0 Great analysis

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