Exactly, it will take around 6 weeks to get K2 back to its earlier productive state. Your post excluded the fact that K2 was being worked over, replicating K3, an important omission on your part so I thought to include for clarity.
It doesn't surprise me at all that this is there tactic as I had stated earlier that they would work-over the pilot wells to bring them into a more 'development' state to produce gas. Utilise these wells that they have volumes of data on to be the preliminary wells producing for the demonstration facility. I doubt they'll go drill another set of 5 wells, go through all the measures to get them into production, when they can more effectively do that with the K1-4/5. No doubt the next phase would be another set of wells, in a shielded pattern, and in the next generation to maximise production and begin selling gas to the East Coast and South Aus.
Can't wait to see the TH!
- Forums
- ASX - By Stock
- STX
- Ann: June 2016 Quarterly & Appendix 5B-STX.AX
Ann: June 2016 Quarterly & Appendix 5B-STX.AX, page-180
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.8¢ |
Change
-0.008(4.05%) |
Mkt cap ! $508.6M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.5¢ | $664.9K | 3.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 3161333 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 1506578 | 64 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
69 | 3161333 | 0.175 |
41 | 2353673 | 0.170 |
41 | 4573252 | 0.165 |
43 | 1681454 | 0.160 |
19 | 1092043 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 1544177 | 67 |
0.185 | 1371646 | 18 |
0.190 | 1245341 | 17 |
0.195 | 1139143 | 8 |
0.200 | 981263 | 18 |
Last trade - 13.25pm 09/09/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |