I posted this on SGC, and am pasting here too for reference of...

I posted this on SGC, and am pasting here too for reference of what kind of commercial well we may have here.

Please refer to below quick comparison from STX, and excuse me for mentioning another stock here but I feel the reference must be qualified.

STX West Erregulla-2 well found Net pay of 10m, from 4,918m and porosity up to 16%.

SGC/XST have found net pay of 28m at 3,795ft, and porosity of 14% to 27%.

STX flow testing of this zone is further below. This individual zone was the only one tested I believe, and flowed 69 million cubic feet per day.

69mmscf/d = 71,760 MMBtu @ $3.20 aud = ~$230k gross revenue per day. I didn't do too much research on current prices, this is calculated at $2.52USD per MMBtu, please correct me if this is wrong.

Noting that this is only the first and also shallowest pay zone that XST/SGC have discovered, with already more substantial zones found lower with more to come.
Ladies and gentlemen, we could have a monster producer here.