STX 8.82% 18.5¢ strike energy limited

You are not making sense. SE1 might produce. No-one has said SE2...

  1. 195 Posts.
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    You are not making sense. SE1 might produce. No-one has said SE2 or SE3 will eventually produce. They won’t. There is a lot of innuendo in the announcements trying to lead one to believe something good could yet happen but nothing that says Tahas in as many words.

    There’s just no meaningful quantity of gas. Remember the columns which might be gas bearing are only 16m in SE2 and 13m in SE3.

    WE2 had 10m gas net pay in the Highcliff secondary target alone and 58m in the Kingia. That’s meaningful.

    SE1 is remarkably close to WE generally. Look at Strike’s many published maps and tell me the South Erregulla field in which SE1 is located is not an extension of the West Erregulla - the maps clearly show the field spans the boundary with EP469. If I was in Gina’s shoes I would be more than just muttering about unitisation…..

 
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