based on the STX info, it looks like they are drilling two more...

based on the STX info, it looks like they are drilling two more wells (#3 & #4)

these two wells will probably allow them to upgrade their gas resource to P2 Reserves

then they can become a more clear takeover target

therefore, looks like more capital raising & more drilling in the near term

since the most recent WGO quarterly report says WGO spent $4,870,000 on the drilling, obviously STX already spent the 1st $11 million of the original deal with WGO

in the long term, if a takeoever does not occur, planning up to 75TG/d production to start in mid-2022