Horizontals are being drilled all around us. It’s not as frontier as some are suggesting here.
Yes it is for a deep coal well, but See BPT’s stunsail well just drilled.
No one is thinking about the implications of the recently announced west Erregulla project as well.
That project alone could attract significant Re-rate interest.
Analogous to Waitsia ! That is very meaningful as Waitsia is known as the most significant onshore gas discovery is Australia in over 40 years.
All it takes is one investor to want a bit of this potential and STX could move significantly higher.
I think as the J1 well gets closer to completion, and that risk lowers, those that are sitting on the sideline may well start to press the go button on an investment.
IMO
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