Kmuirhead, all good questions: In answer to your first question, If you have more than a certain amount of water in a gas reservoir it will flow a mixture of gas and water, simplistically the gas flows to the surface and the water collects in the wellbore until the weight of the water suppresses the gas flow, so flowing at a lower rate doesnt help.
Second question: It looks like the GWC is at or above the reservoir in the wells, It appears thta STX's mapping has been made on 2D seismic, they would need to shoot 3D then re-map to see if there is remaining potential.
Roscoe99, to answer your question on the drilling to SE-3, that was done some time ago, they were tested back to back some time later when the rig had gone, I would have reviewed the testing of the last well in that case, What I dont know is why they didnt take downhole samples after drilling and prior to casing and suspending.
STX Price at posting:
22.3¢ Sentiment: Buy Disclosure: Held
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