STX 2.27% 21.5¢ strike energy limited

Ann: 3Q19 Quarterly Activities Report & 5B, page-54

  1. 5,348 Posts.
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    Markie,

    They may not test this well in the same fashion as Waitsia 3,4. They had already tested Waitsia 1,2 in the earlier timeframe of that discovery and they were obviously going for a larger headline rate with waitsia 3 and 4 as they completed the well with a larger production liner.
    They may well have opened the choke right up looking for the big headline flow rate and then shut it in after that.

    I would think stx are going to take a staged approach to flow testing at WE-2 and it may be a more measured / slower process to the max headline rate

    all I am saying is don’t take Waitsia 3,4 as the exact methodology that will be used at WE-2 for flow testing.

    I think we will get the all of the answers over the next 10 days.

    IMO
 
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