SXA 0.00% 7.0¢ strata-x energy limited

So we were about right on the Burkett well - not much more than...

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  1. 1,797 Posts.
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    So we were about right on the Burkett well - not much more than 100BOPD. It is interesting to note however that the company is continually learning about the characteristics of the field. I am confident that it will be a producing field - will just take time for the company to understand how to extract the oil at commercial rates.

    Fracking legislation - no effect on Strata-X so another positive.

    Illinois well program announced which is great - nothing in the announcement though on the expected spud date.

    All up not too bad - certainly value for money at these levels.


    Spozzie
 
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