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Ann: Strong Gas Shows Continue at Borba Discovery, page-275

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kevscranes

4,950 Posts.

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24/03/21

10:11

Post #: 51995307
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Originally posted by Famoustoledo: ↑

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 of10m, from 4,918m and porosityup to 16%.SGC/XST have found net pay of28mat 3,795ft, and porosity of14% 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.

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Great post heydufus thanks very informative .
At the moment traveling sideways lot's of accumulation happening along with a lot of people in and out for one pip holding back the SP.

XST Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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