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STX, STRIKE ENERGY LIMITED
apache123
post Posted: Jul 28 2005, 08:36 AM
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Found map of gas fields in Texas dated 2003.

Looks like Fort Bend is less gas prone than the county's to the west (probably as the fields were mostly oil prone rather than gas prone).

There are pockets of gas fields towards the south where STX has its JV though.
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Buyer beware: Do your own research before investing....
 
Sagitar
post Posted: Jul 27 2005, 06:41 PM
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STX gets a mention in this past weekend's The Australian - good to see they are getting some exposure.

Juniors Find US fertile
by Robin Bromby

"It's becoming a familiar story: an oil and gas junior keeps knocking its head against the wall in Australia, only to move off shore.

This is particulary the case with the clutch of junior companies now spreading out across the US.....Comet Ridge entered a joint venture with Strike Oil to pursue oil and gas, along with coalbed methane gas, opportunities in Colorado, Wyoming, New Mexico and Utah."

etc etc

Stated that due diligence in some US states can be done at minimal cost, and in Wyoming the "oil and gas bureaucratic processes were the reverse of of the labyrinthine procedures involved in Australia".

No wonder the move to exploit these opportunities...For those interested full story is on page 11 in Resources section, The Weekend Australian July 23-24.

cheers
Sagitar


 
Pugsley
post Posted: Jul 27 2005, 04:36 PM
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QUOTE (grim reaper @ Wednesday 27/07/05 03:31pm)

Hey Grim enjoying the R&R?????

Could this be seen as good or bad news???
Are the dirctors just trying to hold this up before the inevitable???

Look out below if there is no positive news.
New lows will be tested

 
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

 
 


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