STX 2.27% 21.5¢ strike energy limited

Ann: Wagina Gas Discovery, page-35

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    At the risk of earning the wrath of all Stirke/Warrego holders the announcement said a "significant discovery" doesn't mean its a "commercial discovery." It can be significant for a whole lot of reasons not necessarily related to commerciality. Net pay was assessed at just 2.5 metres and they were unable to retrieve permeabilities, pressures, fluid samples and cores. Looks a good result but they are not going to stop and assess it further its on to the primary targets, that's were the money is even with WA has prices sitting at $3.50 a Gj.
 
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