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21.5¢ strike energy limited

Great read FeO !!

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justwatching

337 Posts.

34

01/08/19

11:37

Post #: 39808076
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Originally posted by FeO(OH): ↑

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Small caps just did a write up
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"Strike noted the Wagina reservoir characteristics appeared “good quality” and the Wagina sandstone was about 74m thick and made up of sections of clean sand with blocky porosity development.During drilling, hydrocarbons were observed to be present throughout the 74m thick interval which extended from 4,106m to 4,180m.According to Strike, while drilling, a sudden influx of over-pressured gas had been encountered – “exceeding” the joint venture’s expectations"
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This section is GREAT!!
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"By section TD of 4,229m, the well is yet to show any signs of water saturation.
Strike noted the combination of observed gas at high pressure and good reservoir characteristics shored up the potential for high flow rates on a production test.A contingent resource will be subject to a flow test on the Wagina sandstone in the future."
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Great read FeO !!

STX Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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