STX 8.82% 18.5¢ strike energy limited

"It's pretty irrelevant anyway as I think Jaws will go ahead in...

  1. 5,348 Posts.
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    "It's pretty irrelevant anyway as I think Jaws will go ahead in the VuU as planned"

    I agree on the JAWS comment, but i dont agree that VuL content is irrelevent.
    IF that well can desorb at a higher pressure, build gas flow in a meaningful way, and continue to model out as expected, then that to me is proof of concept and will significantly de-risk the project further. It could also have a larger impact on the market as new investors will be pressured to get involved in anticipation of JAWS execution. At that point (if it happens) then we should be see company value build strongly IMO.

    I think the investor base has mostly forgotten about the "proof of concept" idea that was the original plan behind the klebb wells.

    Fingers crossed the VU lower provides some positive surprises.
 
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