STX 12.0% 28.0¢ strike energy limited

South Erregulla #3, page-183

  1. 1,713 Posts.
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    I dont understand why you would say that the Kingia horizon (column of sand) is not contiguous. At SE 1 - 14m net pay and gas bearing, SE2 - 16m and gas bearing, Trigg NW - 6m and gas bearing, WE2 - 58m and gas bearing and WE4 - 28m and gas bearing. What appears to me is that at WE both the gross and net pays are substantially larger and is central to the main depositional environment of the Kingia in this area of the Perth Basin. As we head south into SE we appear to be more on the flank with still good net pays and, so far, very strong gas. At Trigg NW the net pay reduces further but still good gas for Beach. Because the net pays are reducing further to the south does not need to indicate that they are not contiguous!

    This is the main reason why I hold STX because it appears that we hold some of the best areas of the northern part of the Perth Basin. Every hole drilled by STX has hit Kingia and gas.

    So, can you please explain in detail the geological rationale as to why you believe SE3 will be anomalous and either not be gas bearing or not contain Kingia section or both?
 
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