STX 9.52% 23.0¢ strike energy limited

update from georesources

  1. 618
    3,519 Posts.
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    http://www.georesourcesinc.com/PDF/050812.pdf

    New completion technique has resulted in much higher 30d average production rate...

    "...The Company completed six new wells in the first quarter of 2012 using revised completion designs, compared to the Company's first three wells in the Eagle Ford. These recent wells have exhibited improved production rates over the Company's first three wells. The 30-day rate on these six wells was approximately 500bo/d which is approximately 130bo/d higher..."

    Then there's good news on the Austin Chalk...

    "... The Company also recently completed its first operated Austin Chalk well on its Eagle Ford acreage position in Fayette County, Texas, the Rightmer #2HRE. The well averaged 339boe/d (93% oil) over its first five days of production..."

    618
 
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