STX
not a one trick pony
Just raised cash at a premium
JAWS to confirm commercial gas flows soon
Jaws-1 construction complete.
Successful delivery and stimulation of Jaws-1 confirmed via Halliburton analysis.
-Horizontal awaiting re-run of ESP completion.
-Production testing to commence shortly.
-Vertical intercept pump start-up
successful.
-Commercial success will be declared when gas production crosses modelled threshold.
Then it’s onto West Erregulla
Prospective Resource volumes at West Erregulla are similar in size to the Waitsia gas discovery, it’s direct analogue.
Waitsia = Largest onshore Gas discovery of last 30 years.
Ongoing geophysical work increases confidence in reservoir quality of West Erregulla.
With abundant nearby gas processing and transmission infrastructure West Erregulla is a high value target that can be brought onstream quickly.
Drilling Q1 19
Not a 1 Trick Pony
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