STX 0.00% 21.0¢ strike energy limited

Whilst this is great news as far as a bigger resource, flow...

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  1. 60 Posts.
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    Whilst this is great news as far as a bigger resource, flow rates etc etc goes....dealing with that sort of pressure is going to be difficult for any equipment in Australia and as far as I know there is simply none that will do it. Go have a look at Santos and CTP and what happened with Dukas. Very similar scenario and a hugely resourced company like Santos could not find a way to get equipment over economically to further appraise the well, even after being suspended for some time...and this was pre COVID days.

    Good problem to have, and I wish the engineering team all the best in finding the right equipment, but all this means for Strike is significant more cost, and potentially cost prohibitive equipment which isn’t in Australia. Just a warning to all that this isn’t necessarily a simple 2-6 month fix whilst we just go drill another well.
 
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