STX 0.00% 19.5¢ strike energy limited

Ann: Wagina Discovery Update, page-272

  1. 317 Posts.
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    I think Jaws will be 2-3 months at least away , they have turned off 1 pump and just drawing down slowly to even pressure in the reservoir , this unfortunately or fortunately which ever way you want to look at it takes time . From my understanding the more water they extract and engage all the fracted coal seam into producing gas the longer and stronger that particular area produces and I also think by engaging the whole area into production will prevent a sudden burst of gas from 1 small area that blocked the system last time . I'm absolutely no expert, just my thoughts , and at the moment WE is slowly lifting our SP , IF we can book a good reserve from the wagina and also hit good gas from the KHC. our SP. will be many times what it is now AND then IF JAWS proves commercial with a much higher SP than it is today our SP will rocket from that higher platform . So just be patient and let's try to enjoy the ride at the moment .
 
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