STX 6.98% 23.0¢ strike energy limited

Ann: Quarterly Activities Report & Appendix 5B-STX.AX, page-105

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  1. 5,348 Posts.
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    May be the K4 frac issue was a sackable offence ? I am not convinced of that though. It is an operator issue really. The reporting of it to the market is borderline though, but under the scenario i pointed out i can also see why they thought it might have been successful enough. I do agree though that they should have put an out an explanation at the time about why they thought the frac was enough even though it was apparently smaller than originally designed.

    I also don't think the K2 pump set-up was anything of consequence. That was an interim solution to a pump horsepower capacity issue (to compete with the cavitation) whilst the larger k3 style pump was being delivered.
 
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