STX 0.00% 21.5¢ strike energy limited

Nothing is guaranteed and there will be setbacks, but this is...

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  1. 488 Posts.
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    Nothing is guaranteed and there will be setbacks, but this is how I interpreted the  announcement in simple English. 

    The clean out operations were then successful in reaching the ‘toe’ of the horizontal well and confirming a flow path through the wellbore.
    1. There is a flow path for the entire horizontal section..


    The current restart plan is to manage any remaining debris in the well through careful and controlled operation of the ESPs
    2. The debris is to be managed.

    Strike expects to restart the pumping and depressurisation operations within the next week.
    3. All going well pumping resumes next week. 

    Stuart Nicholls did say over the phone yesterday that the pumps were shut down for a limited time and that the  drawdown of water would be faster than previously because they now have a better knowledge of the structurre.

    A layman's interpretation. 
    Hopefully there'll be announcement when the pumping resumes although nothing was said in that regard.
 
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