STX 2.17% 22.5¢ strike energy limited

Ann: Good Oil 2016 - Conference Presentation-STX.AX, page-15

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  1. 2,028 Posts.
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    didn't go to the conference but caught up with CT for about 2 hours ,didn't know what to expect & left very comfortable ,he is all over what is going on & has been doing it for 3 years.
    my first question was is this thing going to work with all that has gone on in the last week & he's reply was
    "I would not be here if I didn't believe it was going to work" & he meant it ,then he went on to explain why.
    next Q. is the water manageable A. yes, we need reliable pumping & the pressure comes down & they know when they drilled K4 it was 200 to 300 psi less than at k1 , L1 after about 2 years the pressure is still less than when they started pumping.
    Q. with K3 going down is it recharging. A. no we got the smaller pump onto it quickly & it is making progress. the new gen set is ready to go once the roads open.
    with all that has gone on DW still believes strongly that this is a goer.
 
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