I have also noted the more rapid change in bits, this might be due to the formation being harder or what I think is more likely is drilling though interbedded layers claystone and limestone is difficult due to the rapidly changing nature of the rock type. So if you give them the benefit of the doubt they just having trouble finding the right bit and jet combination, this might also explain the reduction of the mud weight. Lower mud weight = faster easier drilling so long as you can stop the well kicking.
CB is an active hydrocarbon basin so would would hope to have some gas and may be oil indications as you drill, these have most likely migrated from much deeper geological horizons and at this stage we can not start to speculate if they are related to the primary objective.
- Forums
- ASX - By Stock
- 5GN
- valentine update
valentine update, page-9
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.8¢ |
Change
0.003(1.72%) |
Mkt cap ! $45.03M |
Open | High | Low | Value | Volume |
14.5¢ | 14.8¢ | 14.5¢ | $4.185K | 28.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 418774 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 3446328 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 418774 | 0.145 |
10 | 3717884 | 0.140 |
10 | 644132 | 0.135 |
3 | 517699 | 0.130 |
1 | 250000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 3446328 | 40 |
0.155 | 1638409 | 16 |
0.160 | 675343 | 9 |
0.165 | 138000 | 2 |
0.170 | 25000 | 1 |
Last trade - 15.59pm 21/10/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online