STX 0.00% 23.0¢ strike energy limited

They should be able to re-enter WE-3 once they have a higher...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 59 Posts.
    lightbulb Created with Sketch. 107
    They should be able to re-enter WE-3 once they have a higher rated BOP but the question remains whether the reservoir section will need to be drilled in a narrow-guage hole if another casign string is required for integrity. If they do, this might limit what logs and samples can be obtained. If WE-5 proves to be in a different compartment to WE-2 as I predict, then this increases the chance of WE-3 also being in a separate compartment and to know this you need a full set of wireline logs and MDT.

    Given all the risks of re-entering and not getting a full set of data, I would cut my losses and re-drill the well. The drillers seemed to have drastically improved their performance since the first few wells and I would take advantage of that. It may look like the more expensive option now but a few problems re-entering could easily end up costing more.....
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
23.0¢
Change
0.000(0.00%)
Mkt cap ! $659.0M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 1 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 34609 1
View Market Depth
Last trade - 10.01am 14/10/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.