Happily on vacation right now @BoronP. Will find some time early next week to go through the information in detail. At a glance it looks fairly straight forward with 2 discrete gas bearing sands across 40-odd meters. I suppose the key question is whether the facies between these two sands is 'tight' sand or just a shale/siltstone interval, this can have implications for thickness & quality of reservoir beyond the wellbore. Many of these questions will be either fully or partially answered in the extended well testing.
In terms of specific water risks here there is nothing I have read in the ASX release that indicates any greater or lesser water risk than any of the other Walyering wells (which do not have the issues that affected South Erregulla).
Overall a good result geologically, but based on similar results from the last 12 months likely to not do a thing to the share price for reasons unrelated to the rocks.
EmmaChizzit.
STX Price at posting:
21.0¢ Sentiment: None Disclosure: Held
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