Knowing that we have a number of very well credentialed posters commenting on STX, I'd be grateful if some selfless soul might care to provide a layperson's view of what they consider to be material technical risks remaining with regard to the recent WE 'trifecta'.
While I understand that we have achieved a high degree of exploration success, I do not have a good understanding of the major steps that now require to be taken to determine the extent and commerciality of the resource. (Beyond flow testing).
Having dabbled in a few small O&G plays in the past (to my cost), I know that the geology can often throw curve balls, equipment gets stuck, drill operators make poor decisions etc etc. For those reasons I'm trying to form a view of what if anything can go seriously wrong with WE from here.
While I tend to be a glass half full guy by nature, the commentary on STX of late is tending me towards the glass being three quarters full in light of the past fortnight's news!
IMHO WE seems to largely account for the current SP on its own, with JAWS and the Perth fairway providing significant upside......so my question on technical risk is really aimed at trying to assess the downside / worst case scenario.
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