Spot on @mir911.
I did not want to make too big a deal of it, but for a pure geothermal play to get to the point where they know they can produce up to 13,500 bbl/day of 175 degC water over an area of >500 km2...it would cost them a few tens of millions. We got there on the back of our gas drilling programme. Thats where the brilliance of STX's geothermal deal comes right out. These (STX mgt) are people thinking ahead and thinking out of the box. Im not sure many investors truly understood this. Even established PB players were asleep. I hope Providence rewards STX big time and throws a few more bonanza's their way. These guys truly deserve to be rewarded with success.
Ann: STX - Macquarie Energy Equities Series Presentation, page-48
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