SXA 0.00% 7.0¢ strata-x energy limited

Was just doing some research on the Buda formation and came...

  1. 46 Posts.
    Was just doing some research on the Buda formation and came across this picture.



    This picture is a snapshot of production from the Buda in Zavala county which is adjacent to Maverick County.

    Furthermore, several Buda wells have achieved 100% return on capital in a matter of weeks. An average Buda well costs about $2.5 million to drill and complete which is significantly lower than the $6-7 million required to drill and complete an Eagle Ford well.

    You don't need to be a mathematician to see the potentially astronomical rates of return if we can prove commercially viable 300,000+ EUR wells.

 
watchlist Created with Sketch. Add SXA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.