STX 2.70% 18.0¢ strike energy limited

Notes from AGM, page-28

  1. 5,348 Posts.
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    Thanks ADL,

    Are you referring to the proof of concept slide and graph with #4?
    Yes

    I had some success with reaching out and making contact with stx mgt today.  to give  the proof  of concept graph some meaning re required gas flow rate, the red historical gas line #2 needs to rise to the same height (on the x axis) as #3 to reach circa 225-250 mcfd and hold at this level for circa 6 weeks for 2p reserves to be booked.

    Do you mean approximately the height (on the x axis) as when the first dashed red line (early gas forecast) crosses over the dashed water rate blue line ?

    however, noting the first sentence of the proof of concept slide, a flow rate of circa 125 mcfd for circa 2 weeks will be enough to inform the market that a comnercial rate has been demonstrated, that anything above this rate is a big bonus re 2p reserves but critically the resource stacks up and tbe only constraint / issue of an engeering nature.

    Did you ask how it was going out there ? and also what data this well was from ? Is it K2 ?
 
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