STX 4.65% 22.5¢ strike energy limited

Bottom of the Barrel Valuation, page-177

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    The well positioning was correct in my opinion they were trying to book as much reserve as possible with these wells. They could have easily gone conservative especially at SE2 and drilled at the crest of the kingia structure in that block but would have meant they would still need to have drilled another well down dip in this compartment to book more reserves
    So whilst yes the market would have loved to see pictures of another flow it wouldn't have given them information of where the GWC really lay in the structure. If the can frame this to market there is still recoverable gas in these compartments I believe the market will stop panicking about it. Yes it won't be anywhere near 400bcf maybe 200bcf and a combined project with WE GIna might get interesting in taking out strikes total 400 bcf for some price to make WE a larger project
 
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