STX 2.22% 23.0¢ strike energy limited

Ann: West Erregulla 2 Update, page-24

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  1. 1,680 Posts.
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    ajgeo,

    Take a look at the CSG well curve from recent Senex SXY presentation.
    Their WSGP didn't start ramping up until 12 to 18 month .
    Many thought it was sub-prime acreage well the initial flow were low.
    Its still average IMO but it looks to be ramping up nicely.

    Jaws has a massive 1km horizontal * vertical fracking range … to dewater.

    My point is … a lot more patience required on Jaws. it will require more time and maybe more money, both of which STX will have when WE-2 comes in successful. I stick firm that ATM you can not place a value on Jaws, but I do think it will work eventually, which maybe 1, 6 or 12months away still, who knows....
 
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