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
- Ann: June 2016 Quarterly & Appendix 5B-STX.AX
Exactly, it will take around 6 weeks to get K2 back to its...
-
- 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
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $659.0M |
Open | High | Low | Value | Volume |
23.5¢ | 24.8¢ | 23.0¢ | $3.083M | 12.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 825367 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 303948 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 825367 | 0.230 |
13 | 815989 | 0.225 |
14 | 1186769 | 0.220 |
15 | 1825074 | 0.215 |
23 | 1068068 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 303948 | 5 |
0.240 | 970686 | 8 |
0.245 | 2071236 | 21 |
0.250 | 2157422 | 34 |
0.255 | 2277315 | 9 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |