The absence of a report from STX, to the market, or via their preferred method, Linkedin, suggests they did not hit the Wagina with either drill. The Chad would likely have posted too, he has historically when there is a show. Agree re location, Trigg NW didn't hit the Wagina either. STX had proposed Wagina-1 for this purpose but it has slid well down the pecking order, Macquarie-7 is now the next well to be drilled apparently. Another poster mentioned yesterday that Macquarie-7 will add to cashflow, that is a bit of a misnoma as gas from Macquarie-7 won't convert to sales $$$ until Y6 onwards, some time away. It will ofcourse add to to STX's borrowing capacity and people can read into that as they see fit. Main point is, the 93 Pj 2C in the Wagina is unlikely to be converted in this campaign, and the Kingia flow test results will likely not arrive before the voting deadline. Not ideal.
TPD Price at posting:
18.5¢ Sentiment: None Disclosure: Held
