STX 15.2% 19.0¢ strike energy limited

Ann: Erregulla Deep-1 Update, page-61

  1. 618
    3,347 Posts.
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    No... Let's not jump the gun.... keeping an even head at all times is highly recommended We have not even confirmed ED1 is a success yet, so why would I start to upgrade field wide reserve? One step at a time. Let's wait for confirmation of the discovery at ED1... then the flow test.... then the NSAI reserve review and update to incorporate ED1 compartment and field wide GWC assumption.

    Also, I don't believe the 1TCF that STX mentioned previously was the net recoverable volumes. Pretty sure that was referring to the potential gross volume. So net recoverables from that would be 650-700BCF (690-742PJ equivalent). Given our 2P is at 422PJ with potential successful ED1 to be added (270PJ), it wouldn't be too far off from that even without any potential GWC adjustment.

    618
 
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