STX 7.50% 21.5¢ strike energy limited

less water maybe more gas?, page-115

  1. 5,348 Posts.
    lightbulb Created with Sketch. 2642
    I would say that is a very likely scenario. A new K5 well with SA grant money.

    Then go back in and frac K4 (if they can), or put a smaller capacity pump on it..... (remembering that I dont think it is the water flow rate that is the main issue there - it is probably flowing at 200-400 bwp/day or a relatively low rate like that, but the ESP is good for say a 500-3000 BWP/d operating window)......therefore overheating.

    A donkey pump or jet pump to keep K4 going as is (can handle the lower flow rate), or a re-frac and then a jet pump or flick the ESP back down there.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
21.5¢
Change
0.015(7.50%)
Mkt cap ! $616.0M
Open High Low Value Volume
20.0¢ 22.0¢ 20.0¢ $2.671M 12.62M

Buyers (Bids)

No. Vol. Price($)
9 1392813 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 2345504 29
View Market Depth
Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.