Stratex Oil & Gas Holdings Inc (STTX)

[choctaw 02]

Guys,
I admit that I was wrong about the large silver object in the photos. It is very well accounted for on page 17 of the filing.

I am going to do some rough calculations here and speculate that the shut-in tubing pressure of this well using static head of water = 11,391 ft depth ÷ 2.31 + 122 psi flowing pressure at surface now or 5053 psig after 14 day pressure build up.
This is good because API 10,000 and API 15000 PSI Wellhead, Valves and Equipment are readily available.
Additionally horizontal wells curve of decline in pressure and production is steep when first going online.
See fig. 5, 6, 7 & 8
http://pubs.usgs.gov/of/2013/1109/OF13-1109.pdf

I am attaching a link for those such as myself that are not familiar with all the oilfield lingo.

http://www.geomore.com/porosity-and-permeability-2/