STX 0.00% 18.0¢ strike energy limited

past 12c, page-31

  1. 646 Posts.
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    Looks like a fairly neutral announcement. The well is still flowing, hasn't declined or improved.

    My reading of this is that they haven't finished with the gas lift yet - they still have to hook up the compressor. Once that's done, they'd still have to experiment with various injection rates to see what gives the most flow.

    So - maybe we'll find out something in the quarterly at the end of the month.

    I wonder why they didn't report how much water is still flowing?
 
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