STX 4.44% 23.5¢ strike energy limited

I think everyone is forgetting how important the basal wagina...

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  1. 317 Posts.
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    I think everyone is forgetting how important the basal wagina find is . In their announcement this morning they put an estimate of around 250 bcf of gas , now if that flows at the same rate of gas as Beharra Springs which has been now flowing for near 20 years and initially had an estimate of 200 bcf of gas . If they prove this field up and as mir11 alluded to there is up to 10 other possible sites in our tenements this becomes a company changing event . Firstly I'm sure there will be a number of companies knocking on the door to tender for the seismic studies within our UIL ground . If this pans out and the rest of the ground is farmed out this could possibly the last hole Stx has to dip into their pockets to drill , depending on how good they can negotiate also if they only have to drill into the BW they won't need to use the drill rig onsite now , they can use a smaller less expensive rig which is probably in Western Australia full time .
 
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