STX 5.26% 18.0¢ strike energy limited

I think, we can expect start of drilling of SE-1 before xmas. It...

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    I think, we can expect start of drilling of SE-1 before xmas. It took only 14 days from demobilization of the Ensign at LD-1 on November 1st and the commencement of Walyering-5 drilling on November 14th.

    I prepared a "time v depth" graphic where we can track the progress of the South Erregulla drilling and the related announcements in one single and easy to understand picture... I think the respective graphic was recognized as helpful during the LD-1 drilling...

    I made some assumptions in this graphic but I will update the doc with all actual figures and information's as soon as they are available:

    * The actual well location might be slightly different
    * I would expect a 3 stage well design similar to WE5
    * I made assumptions re hole sizes and casing points (each marked with the blue line) but these are in line with WE5
    * I made assumptions re the depth of the formation top's (but I think these shouldn't be completely off the mark...)
    * I made a guess for the spud date

    Important, the local elevation is 264mabove sea level. Strike usually reports well progress in MDT, hence one must deduct 264m from the reported depth to compare such figures with depth measured in sub sea (ss) figures.

    Here the initial version of the graph... I hope this turns out to be helpful...
    (I will add in the coming days the graph of the WE5 well as a reference to predict (or at least get a feeling for) timings going forward...)

    Can't wait to see this drilling started...



    https://hotcopper.com.au/data/attachments/3877/3877228-6842f5ae52576d72041c494829eb8380.jpg


 
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