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STX, STRIKE ENERGY LIMITED
grim reaper
post Posted: Jul 27 2005, 03:31 PM
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Ahhhhhhhhhhhhh,

I wonder when the next assault on 17.5 is coming. Drilling report this week will provide no news judging by no share price movement.

It looks like we will have to wait right up to the death knock on 45 days for this one.

Starting to doubt this trade, but I suppose it was always high risk. unsure.gif

 
macrae
post Posted: Jul 26 2005, 07:00 PM
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Drilling, drilling, drilling........... unsure.gif
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<b>"The higher a monkey climbs, the more you see of his behind." </b>
 
healyn
post Posted: Jul 26 2005, 01:21 PM
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In reply to: apache123 on Tuesday 26/07/05 11:09am

Hi Apache, I was hoping to see a derrick. Unfortunately not possible at this time as Google Earth displays are from 1 to 3 years old. Still good enough though.



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"Good judgment comes from experience, and a lotta that comes from bad judgment.
 
apache123
post Posted: Jul 26 2005, 01:09 PM
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In reply to: healyn on Tuesday 26/07/05 10:48am

QUOTE
f you download Google Earth you could see the actual terrain that you have shown in the map you provided. Its all good farming country


Healyn,

Yep, looks like farm land... though the adjacent creek is not much higher than the bayou 5km to the east.

Apache


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Buyer beware: Do your own research before investing....
 
healyn
post Posted: Jul 26 2005, 10:48 AM
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In reply to: apache123 on Tuesday 26/07/05 08:17am

Apache
If you download Google Earth you could see the actual terrain that you have shown in the map you provided. Its all good farming country by the look of it with The "Big Creek Oilfield" is clearly visible to the north of the site you have ringed.
The easiest way to get there is find Needville and track northwest. The exact coordinates are 29deg 28 minutes 41.06 North & 95deg 45 minutes 04.56 West. elevation 1291feet.

check it out.



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"Good judgment comes from experience, and a lotta that comes from bad judgment.
 
apache123
post Posted: Jul 26 2005, 10:17 AM
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Based upon the STX map at;

http://www.strikeoil.com.au/images/texas_jabber1.gif

It looks like Jabba is located in the Bayou area just north east of the Needville Oil field.

There is some data for Needville North East well in the Cook Mountain formation at around 10320 ft (3145m). Gas with some condensate has been produced at this level only recently.

I would take a guess that Jabber Et Al 1 pay zone could also be targeting gas around at around 3150m level based upon the success of the Needville NE gas well discovery.

CAUTIONARY NOTE:
The geology at Jabba Et Al could be completely different from that of Needville NE.


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Buyer beware: Do your own research before investing....
 


Sagitar
post Posted: Jul 22 2005, 08:19 AM
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In reply to: apache123 on Thursday 21/07/05 10:05pm

Great Apache, thanks for your input. Thus far, your educated guessimate of what we're looking at here is much appreciated.

cheers,
Sagitar

 
apache123
post Posted: Jul 21 2005, 10:05 PM
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In reply to: Sagitar on Thursday 21/07/05 07:57pm

Sagitar,

Without seeing stratigraphic / seismic info on the Jabber The Hut 1, I can only take a wild swing on where the target payzone could be.

The pay zone is meant to be in the Cook Mountain sandstone formation which according to some geologist reports is 1000 to 1500 ft thick. It is probable that the gas pay zone will only be a fraction of the full thickness of the Cook Mountain formation and could be anywhere within that formation.

I am guessing that the lower extent of the Cook Mountain formation is about 300m above TD of 3962m. (They like to drill a little further to get additional geo data etc.)

If I assume the Cook Mountain formation thickness is 1200 ft, then the upper level of the Cook Mountain formation is around 3280m.

At the last drilling report they were 2687m, so they still have a while to get the upper extent of the Cook Mountain formation around 3280m. This is NOT the payzone, just the upper reaches of the Cook Mountain formation. As I stated earlier the gas payzone could be anywhere within the 1200 ft formation.

NOTE: This guessimate could be completely way off as it is only based upon TD figure and not based upon actual geological data from the Jabba the Hut 1......

Apache



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Buyer beware: Do your own research before investing....
 
Sagitar
post Posted: Jul 21 2005, 08:00 PM
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In reply to: Sagitar on Thursday 21/07/05 07:57pm

Oops tongue.gif forgot to attach the chart....
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Sagitar
post Posted: Jul 21 2005, 07:57 PM
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In reply to: apache123 on Thursday 21/07/05 05:38pm

No worries Apache, figured it might be a bit difficult to tell. Thanks. Chartwise, we have quite a nice channel forming with the sp closing near the support line today. MAC ema9 line still in the buy zone. Also the %R indicator approaching equilibrium. Good to see the moneyflow trending up too biggrin.gif Might pick up some more tomorrow.

Regards,
Sagitar

 
 


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