STX 0.00% 23.5¢ strike energy limited

If the flow rate is indeed poor, I suspect it has more to do...

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. 618
    3,519 Posts.
    lightbulb Created with Sketch. 2509
    If the flow rate is indeed poor, I suspect it has more to do with well completion rather than reservoir. 13m net pay with av porosity of 10.2% and estimated reservoir pressure of 6746psi should have decent flow.

    In comparison, SE1 had net pay of 14m with av porosity of 13.3% and estimated reservoir pressure of 6800psi. Even though SE1 flowed at an amazing rate of 78mmsCFpd, it could have been much higher as it was constrained by the pipework in the testing package.

    So barring any well completion issue, I'd expect a flow rate somewhere between 40 and 60mmsCFpd as my (un)educated guess.

    618
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.