STX 4.05% 17.8¢ strike energy limited

Ann: June 2016 Quarterly & Appendix 5B-STX.AX, page-180

  1. 3,137 Posts.
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    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!
 
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