STX 0.00% 20.5¢ strike energy limited

Last update was on Monday. It stated they were at 4,650m and...

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    Last update was on Monday. It stated they were at 4,650m and seeing sandy returns. It sounded as if the ROP at this point was favourable. They were pulling out to run a new bit with LWD tools and rig maintenance.

    So following these activities, there was only 50 odd metres to drill before hitting the Kingia target.

    I’d suspect the above activities were maybe up to 48 hrs work - assuming no hiccups. Which should mean they’re back on bottom.

    The drilling rate may be favourable in the Kingia, but after that is the bit basher shale. That will be very slow going.

    As far as a TH, not sure if they’ll have one while drilling. Especially if the LWD is only logging (not live data - I’m not an expert on them). What are others thoughts here?
 
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