Unless they plan to upgrade the WE processing plant size or build a separate plant for ED (which would make zero economic sense), the ED flow rate won't make any difference from a cashflow perspective. As @khopchai correctly pointed out, what matters will be the resulting reserve upgrade - which will result in an upgrade to the risked NAV. The longer term benefit of additional reserve is to extend field life of WE, but that also won't impact the DCF as anything more than 10 years in the future is discounted to near zero anyway.
That being said, all indications point to a positive flow test result though SE2/3 aside (which was mostly outside the control of the company anyway), the company has hardly put a step wrong. It is a refreshing change to see that the prevailing sentiment here is less of total doom and gloom. The reality was that things were never really that bad, it was simply the SP that drove a lot of that false sentiment. That's why it helps not to be so focused/blinded by the share price movements.
618
STX Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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SE2/3 aside (which was mostly outside the control of the company anyway), the company has hardly put a step wrong. It is a refreshing change to see that the prevailing sentiment here is less of total doom and gloom. The reality was that things were never really that bad, it was simply the SP that drove a lot of that false sentiment. That's why it helps not to be so focused/blinded by the share price movements.
(20min delay)