STX 2.13% 23.0¢ strike energy limited

Ann: West Erregulla-3 Confirmed as Major Producer, page-9

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  1. 759 Posts.
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    If I could ask a really dumb question, and please excuse me.

    WE3 obviously looks great and our permit obviously has a boundary which is based on ground surface measurements. A reservoir (underground) obviously may not match the surface boundaries.

    Does that mean we can extract gas from a reservoir within our permit boundary and for example if Beach has a neighbouring permit they can extract gas from the same reservoir. So then it is first in first served to see who can extract the most gas from the same reservoir ?
 
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