STX 12.0% 28.0¢ strike energy limited

Drillers probably went in too heavy after the scare at WE-3....

  1. 58 Posts.
    lightbulb Created with Sketch. 107
    Drillers probably went in too heavy after the scare at WE-3. Drilling heavily over-balanced will damage the formation for quite some distance from the wellbore. That said, I would still expect higher flow from a 31m perforation - even with skin issues, a reservoir at this pressure and using large perforation guns you would expect it to clean up over a few days. Would be interesting to know what the sidewall cores tell us about permeability.
    My money is on a tight reservoir at this location. The Gas is there so OGIP will stay OK but if the reservoir won't deliver, there is only one option and I wouldn't want to try fracking up here - too many technical and social obstacles to overcome.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
28.0¢
Change
0.030(12.0%)
Mkt cap ! $801.0M
Open High Low Value Volume
24.5¢ 28.3¢ 24.5¢ $7.221M 26.82M

Buyers (Bids)

No. Vol. Price($)
5 293004 27.5¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 820079 16
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.