618 / PSI, "the perm can't be at the 16-25mD - unless the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,041 Posts.
    lightbulb Created with Sketch. 331
    618 / PSI,

    "the perm can't be at the 16-25mD - unless the saturation is even higher than 80% or the current production is something along the lines of 90% water and 10% gas"

    It may well be that the saturation is higher - which would be great. Or as you say it may well be a sustained gas flow that comprises 90% water and 10% gas which I think is much more likely to be the case - (as a few have said here they are not pumping anywhere near what they could pump if they ramped up the pumps) - so this suggests that statement may be right. But one thing the company are confident of is that the perm is somewhere close to that 16-25MD range (ie) they may be slightly wrong on it but I dont get the feeling they think they are anywhere near that wrong on it ....with suggestions of 1-2MD and low numbers like that.

    I am no GEO though !
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
21.0¢
Change
0.005(2.44%)
Mkt cap ! $644.7M
Open High Low Value Volume
21.0¢ 21.0¢ 20.5¢ $309.8K 1.480M

Buyers (Bids)

No. Vol. Price($)
20 1520757 20.5¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 568919 5
View Market Depth
Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.