Notes from AGM, page-24

First 24 Last

Share
Profile

Follow
mir911

2,020 Posts.

2793

14/11/16

10:04

Post #: 20589899
Share

Originally posted by gimo211 ↑

Many thx, rexsh, sounds plausible!!

Because it's so important please allow me the follow-up question, if this is their "theory" or hypothesis or did they provide any evidence to support this statement/explanation at the agm? How do they know, that the drainage areas of the wells extended caused by the different shut-ins?

Please don't get my wrong, I'm a real long-term holder (since Tx gulf coast Mesquite project) and supporter of Strike (a couple of my German friends are STX holders only based on my recommendation...). I don't want to be to skeptical and I'm certainly not a down ramper...

But I'm concerned about the status of the project and the communication politics re technical aspects. The "proof of concept" is still pending (and parts of the industry questions if it's possible to establish a commercial CSG project with these deep coals).

Perhaps they explained more re these important most recent developments at the agm (when they presented this slide?)? Hence my questions if someone who attended at the agm could throw some light on that point...

I wonder what mir911 and psi81's pov re the most recent water/gas production may be...

It would be a great move by STX management, if the company would provide a weekly or at least monthly update of this graph. Then we would be able to follow closely the progress of operations and could make informed investment decisions...

... but anyway, if this turned out to be a successful play, and I still believe it will, we all could celebrate a fantastic party in Sydney... because this would be one of these "once in a live time" opportunities for an o+g investor...

Please excuse my English!!

Expand

Gimo
Last wed a few of us had a brief chat with Tony , he has done a complete review of the project , I am very confident with the project after hearing what he had to say. I can now see why management are happy to underwrite the 7c rights issue, which I thought was very poorly handled . We are catching up with db & tp wed , it will be interesting

STX Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
21 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

What's causing the cost-of-living crisis, and how to navigate it