anything new from gassed?, page-21

Out of hibernation??? Something rocking the high tower??

Hasn't been above 16.5 for THREE HUNDRED AND THIRTY DAYS!!!!

That's when our mates at Beach came out with those disasterous, unexplained, dramatic drops in flow rates from Halifax and Moonta and Holdfast(remember) which the media, AND the market, took as being the end of shale gas in the Cooper Basin. S.P. gradually dropped to .13!!!

Boy, have we paid a very harsh price!!

Now, before we get too excited with talks of "speculation", Beach??, Who?? Why?? Let's put it into perspective.

There were only 7 million shares bought for the entire month of January, about 1.1% of the I.C. Not one share sold by the entire Top 20 (Significant??).
Now, in the last two days we have seen another near 3 million, when you also include the Chi-X exchange. Now, that's only about .5% of the I.C. And keep in mind that nearly all of that 3 million in last two days have been from around 5 or 6 transactions, suggesting "individual" type buying, as distinct from a "market rush" as has happened (too often) before.
We don't want a "rush" YET!!

So, I wouldn't be thinking too much about "strategic" positions, at least not unless that "individual" type buying continues for another couple of weeks. So, let's just see what happens from now on and we can have a great chat on the way. It has been horribly boring hasn't it, maybe, things are about to change?

To be a bit more boring, the only "catalysts" that I can see that could be causing this buying are the results from the horizontals in 218, Boston and Holdfast. Beach are coming out with their February Monthly Report next week which "might" include something, but, they hardly rated a mention in the previous two. Good results from them would certainly reflect on our SP.
How much has that Holdfast well cost Beach?? Incredible!! It had better be a ball tearer.

Note BPT's SP now up over 20% in recent times near 52 week high, to $1.64, despite Reg Nelson dumping 2 million of his own shares last week???!!! IMO, Beach are higher on the list of a takeover than Icon.

Digital. I reckon Bystander was asking, "who's selling", as in, who would want to be selling at this stage with so much ahead that could really impact the S.P.?
I agree and maybe Bystander can soon elevate Icon from the "speculative" category once and for all!! Enjoy.

Note, ORG took a 40% stake in STK's southern C.B. leases and paid around $600 per acre for what really is thick, as in only 100 metre, coal, but, granted, probably a lot of it, shallower and cheaper to extract. And a very interesting "offtake agreement" paying in advance for the gas to help with development!! Hmm.

Chevron paid around $900 per acre to Beach, effectively based only on the work done in PEL218, BEFORE, the 100% strike rate in the 5 wells, so far, in APT855.
ALL much deeper and thicker than 218 and incomparable to STK's!! APT 855 is around 440,000 acres, basin centred, up to 1,300 metre thick, saturated gas.