STX strike energy limited

from Singlefin 12 days ago. 12 days is not a long time in this...

  1. 5,348 Posts.
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    from Singlefin 12 days ago.

    12 days is not a long time in this game. It will be a very slow and steady gas flow build IMO.


    "I spoke with Stuart today and boy do I feel better about being in this. He confirmed that he still has a strong water rate which, for reasons articulated by PSI-81 and others, is a very good thing.
    He said that the gas is at 50/cubic whatevers per day with regular bursts of 100/cubic feet every few minutes. Apologies that I can't recall the correct unit or measurement.
    He still feels confident that we should be able to declare commercial success by Xmas/New Year and book the 2p reserves in Q1 of 2019. He reiterated that he still believes that Perth will likely come on line before Jaws.
    So it's still just a case of sitting tight until the end of the year. BTW he said that the shutdown (earthing issue) from about a month ago was "all of two hours".
    He also said that Jaws has been going since the first week of August (4 months) and that even though commercial success is projected by years end, the full potential of SCBP can take up to 18 months."
 
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