Jaws, page-3

"[...] prepare to get trolled"

Tooter, why are you constantly so disrespectful to Strike holders?

In fact, you don't know anything regarding the current status of the Jaws project...


@Bruce78, here what we know from the quarterly:

"Piloting operations have continued during the quarter where water rates have remained steady and gas production has flattened. Daily average gas production has been measured between ~20 Mscf/d and ~40 Mscf/d. Bottom hole pressure has been drawn down to 202 psig, with water production stable at approximately 275 bbl/d.

A major inflection point (or exponential increase) in the rate of gas production has not yet been achieved.

Strike continues to progress the pilot with the required allocation of financial and operational resources. Uptime for the well and supporting pumping operations remain high."

As long as they are pumping water at this rate there is still hope for the project. Task is, to prove comercial flow rates. Currently unclear, why an inflection point is still not achieved...

The Jaws vertical well passed through the three Patchawarra coals and intersected 36m of the Vu Upper coal (Jaws target reservoir), 24m of the Vm3 coal and 17m of the Vu Lower coal. This was confirmed via wireline logging. Reservoir data obtained from the vertical well side wall pressure cores showed gas (methane) content of the coals at a maximum of 5.8m3/t and an average of 5.5m3/t. The project would be huge if it could be developt...

My personal view is, that they will put the enitre project on sale at some point in time. A CSM focused explorer might be a better operator for that project in the future... but how knows...