Absolutely this is a possibility. I don't like to make predictions based on imperfect information but my gut feeling is that the best way forward for STX is a farm-out to turn this into a larger pilot of approx. 9 wells.
That's what I would do if this were my project. I have seen plenty of instances where even proper 5 spot pilots with normal coal thicknesses and normal pressures struggle to dewater, and require 9+ wells.
Whether MC and DB see it that way, who knows...
Ann: Good Oil 2016 - Conference Presentation-STX.AX, page-32
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $501.0K | 2.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 2046366 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 318000 | 5 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |