Yeah I was about to post the same screenshot. Notice that SE3 is at >4610mSS while SE1 is around 4580mSS and SE2 is around 4550mSS. As stated, SE2 is definitely updip of SE1. The location of the 2 appraisal wells now makes a lot of sense as they were appraising the three different compartments. Wish they had shared this with us earlier. Obviously they were expecting the middle compartment to be up-thrown. The good news is the bulk of the left compartment (SE2) appears to be very much up-thrown and potentially contain the largest amount of potential reserve - which the market had pretty much written off.
Once we have the SE2 flow test and certified reserve numbers, I think the market will reprice STX again. The market hates uncertainty (unknown unknowns) and when it happens, it tends to sell first and ask questions later - which is what I believe caused the sell off yesterday.
I'll be attending the presentation today and will report back what I manage to capture.
618
Ann: Bell Potter Unearthed Presentation, page-11
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $601.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.5¢ | $1.313M | 6.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 592504 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 748432 | 9 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |