STX 12.0% 28.0¢ strike energy limited

Nip, That's my read. It's only natural, as a shareholder, to...

  1. 116 Posts.
    lightbulb Created with Sketch. 1626
    Nip,

    That's my read. It's only natural, as a shareholder, to want regular updates at this time. That said, for the people on the ground it's probably like watching paint dry, with minor day-to-day variations.

    Where IMO some latent information expectation comes from is the chart the Company put out in the 3 August update. This chart, as I interpreted it, suggested a potential 'range of plateau based on productivity'. Others more technically minded can comment, however, I've always considered the higher 'plateau productivity' the better. I recall PSI noting that he liked to see high water rates combined with slow draw-down of bottom hole pressure.

    So to take the chart literally, there was an expectation that without a finite period the plateau would be reached. From the most recent announcement, the productivity is continuing to build. It's fair enough to be curious to how the productivity is developing. However, I expect as Rexsh and others have discussed the continued dewatering from other Klebb wells is probably influencing how the Jaws well is performing, specific to dewatering and productivity. Hopefully it's all good. I'm sure they are all over it comparing internal reservoir modelling with actuals and keeping a very close watch on everything.

    As you say Nip, I expect that the Company and specifically Stuart is working across numerous activities. I'm expecting updates and announcements across both the Cooper and West Erregulla over the next couple of months together with corporate funding/capital initiatives hinted by the Company previously.

    Cheers

    Adaltiora
 
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.