Thanks-yes the perched water theory.
Hopefully theres more of that here.
Putting aside the various and many permutations and complications there now appear to be three main possibilities.
Kingia is waterlogged in this particular reservoir and will not produce-like Lockyer 2.Might be that MacQ have concluded that until proven otherwise.You would think this waterlogging would be apparent during the drill or soon after-if you drilled into the GWC.
Or the water is from a different level-formation water- and appropriate remediation work can occur.This is the optimistic view.Maybe 'perched'.
Or there is no gas in Kingia in these wells-SE2 & 3.This requires clarification though there were reasons to be optimistic that gas was there when drilled-and maybe during the flow test.
In any event given the result of WE4 and certainly Lockyer, you would think that water was at the forefront of their minds. I certainly am forgiving however that said they appear to be have been taken by surprise completely. And I find that surprising.Though I suppose they had reason to be confident.
- Forums
- ASX - By Stock
- STX
- Ann: Response to ASX Aware Query
Ann: Response to ASX Aware Query, page-126
-
- There are more pages in this discussion • 145 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
|
|||||
Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $544.4M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.8¢ | $125.2K | 659.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 1541509 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 641538 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 1478144 | 0.185 |
32 | 1749318 | 0.180 |
15 | 790366 | 0.175 |
25 | 811749 | 0.170 |
25 | 2100261 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 682996 | 27 |
0.195 | 542831 | 10 |
0.200 | 1300338 | 24 |
0.205 | 447625 | 6 |
0.210 | 867115 | 17 |
Last trade - 10.54am 29/08/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online