STX strike energy limited
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To have drilled through 200 m of coal, and at 80+ degrees in the...

  1. rexsh
    3,825 Posts.
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    24/04/18
    10:42
    Post #: 32650006
    To have drilled through 200 m of coal, and at 80+ degrees in the lower part of it, is a great sign for the structural integrity of the coal seam. It appears that the issues from the first hole were related to the casing cementing pressures rather than an issue with the coal itself. This bodes well for future wells.

    Well done STX management and the drill team.

    Now for the siltstone, which should be significantly easier to drill through. IMO
    STX Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 19  Upvote
    lightbulb Created with Sketch. 6  Great analysis
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