"So if ED achieves its P50 expectation, and the WE reserves are upgraded, we could be looking at up to ~500PJ upside (50% net to STX)?"
IMHO, there is next to zero chance that WE could hold 2P (P50) of 1TCF of gas just based on ED1 well data. If the JV can successfully prove up NW and SW compartment of the field, and ED1 data is really good, then maybe. But based on ED1 well, the reserve update won't be anywhere near that.
"When my share portfolio is "up and about" I've got to admit, I have a bit more swing in my stroke come Friday night with the missus."
LOL... overshare! Not an image I want in my head.
618
STX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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