re: Ann: Initial Murta Formation contingent o...
- Net contingent oil resource of 10.4 million barrels (mmbbls) 3C and 4.9 mmbbls 2C - Net oil in place of up to 82.6 mmbbls identified within the Murta Formation sandstones across Senex-operated permits in the southern South Australian Cooper-Eromanga Basin
Crickey! Psi81, thanks indeed for your above analysis of this. I wonder if the market has fully come to terms with how significant this is? I admit I sold a small trading parcel I bought at 62c for 86.5c earlier this week as it looked a bit tippy without further good news, but I put a buy order back in at 81c at the same time.. It was right at the top of the queue this morning and only just completed, took forever watching the screen thinking someone is surely going to dump on this, it's Friday for goodness sake, LOL... Anyway very pleased to be all in once again and I don't intend trading parcels anymore., I can't see any downside from here with this kind of fantastic Ann. Bargain under 88c.
SXY Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held
