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Ann: June 2016 Quarterly & Appendix 5B-STX.AX, page-195

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Hardcash

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23/08/16

11:23

Post #: 18604689
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Originally posted by agentdownload ↑

hi @Jazzasax

the quarterly states that there is a "significant increase in the performance of Klebb 3 with the well now producing over 750 bwpd up from around 450 bwpd. The larger jet-pump assembly, is expected to significantly increase the gas rate at which the pump capacity begins to constrain gas flow".

imho this clearly implies (oxymoron?) that they intend to let this puppy fly but expect the pump to max out given the newly modeled 50% peak flow and double eur.

as we know, a correctly shielded production well was expected to produce 600 mcfd from the single klebb pilot zone. this number has gone out the window as the new pumps keep on allowing klebb to surprise in all the right ways. the big downer, for now, is time - more time to de-water a shite load more coal than was ever thought possible (or predicted) for the klebb pilot.

imho management's new flow modelling is so positive/high that the now steady 750 bwpd will not provide enough 'head room' before klebb 3's gas pressure build up runs out of steam - management NOW expect k3's "pump capacity to constrain gas flow". imho, k3's will still well and truly surpass commercial threshold but it will be k4 that will go on and really show what this puppy can really deliver.

happy days (happy weeks?).

cheers

adl

Expand

well articulated ADL!

In total agreement with everything you and rexsh say!

HC

Last edited by Hardcash: 23/08/16

STX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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