hi rolla
i posted this on the 28- 11 & what stu said is going to happen has started ,hope it helps & if this fails to calm you give him a call next week.
"i asked stu how things are going & below is what came back, all good from my point of view."
"The last Jaws update was 15 days ago and showed progress from the previous update prior to that. At this time we are seeing continued gas flows as previously indicated with again strong water rates. These strong water rates are indicative that it is still early days in the depressurisation and that the bulk of the action remains in front of us. Strike currently expects a step change in gas production with progress towards the end of the year the indicated timeframe. It was always a toss of a coin that we might see it before the closure of the SPP but that timeframe was always a false milestone in the life of the Jaws wells. Time is the factor here and I need to remind you that we are trying to depressurise 37m of coal seam across the best part of a sqkm. Patience is required, pity the about the market, but its short term."
STX Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
(20min delay)