STX 2.78% 17.5¢ strike energy limited

Ann: Walyering Reaches Payback & Operational Update, page-251

  1. 1,715 Posts.
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    Why do you say SE1 was a dog. It was in fact one of the best holes drilled in the Perth Basin. Keep in mind Minres also had some failures due to a very common issue in large basins of compartmentalisation. I still have every confidence that resources determined from SE1 will be utilised for production but obviously the failure of SE2 and 3 will change resource size.

    However I must say that I am encouraged that you are posting again. Based on your last grouping of posts approx 6-9 months ago I thought you were most likely now 6 feet under and your wife used your profit from sale of STX to pay for the funeral and then go on a well earned holiday!

    Have a look at the table below and tell me its a dog. Yes I know youre going to do a tooter and say "filled to spill" but even so SE1 will still hold a very valuable resource as we move on.


    Column 1 Column 2
    0 Drilling Date
    2022
    1 Well Depth
    4980
    2 Completed as Producer
    Yes
    3

    4 Reservoir
    Kingia
    5 Top Kingia/Wagina(m)
    4783
    6 Reservoir Pressure
    6800
    7 Gross Column (m)
    52
    8 Net Pay (m)
    14
    9 Porosity
    Ave 13.3% up to 20.2%
    10 Permeability (mD
    up to 604
    11 GWC encountered?
    No
    12

    13 Flow Testing

    14 Formations
    Kingia
    15 Flow Rate (MMscf/d
    78
    16 Choke
    78/64
    17 Duration
    300 mins
    18 Wellhead Pressure
    2590
    19 CO2 content
    Low
 
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17.5¢
Change
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Mkt cap ! $501.4M
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18.0¢ 18.0¢ 17.0¢ $1.170M 6.732M

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37 1634397 17.0¢
 

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17.5¢ 617607 7
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