STX 4.44% 23.5¢ strike energy limited

STX not a one trick pony JAWS to confirm commercial gas flows...

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  1. 6,296 Posts.
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    STX


    not a one trick pony


    JAWS to confirm commercial gas flows soon


    Jaws-1 construction complete.


    Successful delivery and stimulation of Jaws-1 confirmed via Halliburton analysis.


    -Horizontal awaiting re-run of ESP completion.

    -Production testing to commence shortly.

    -Vertical intercept pump start-up

    successful.

    -Commercial success will be declared when gas production crosses modelled threshold.


    Then it’s onto West Erregulla


    Prospective Resource volumes at West Erregulla are similar in size to the Waitsia gas discovery, it’s direct analogue.


    Waitsia = Largest onshore Gas discover of last 30 years.


    Ongoing geophysical work increases confidence in reservoir quality of West Erregulla.


    With abundant nearby gas processing and transmission infrastructure West Erregulla is a high value target that can be brought onstream quickly.
 
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