8.4 Metres of coal intersected at Humboldt South 1 with gas bubbling from the core which is consistent with that at Mira to the South West has to be seen as being good news.
The Mira 6 horizontal well due to spud on 2nd November will provide us with all the data required – thereafter finalisation of pre-feasibility study of first stage development at Mahalo.
The uplifted 2P figures when they come - will result in a multiplication of our underlying core asset value.
Watching with interest our position in the Galilee Basin with us having 2,287 3C of contingent resources of Sandstone Gas and CSG. A successful hole sunk in the sandstone structure would be a game changer.
With Mahalo coming good and Galilee being brought forward – not surprising the rise in interest reflected in the increasing share price/market cap of late.
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20.0¢ |
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Mkt cap ! $221.5M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.3¢ | $355.2K | 1.814M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 445123 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 586228 | 0.190 |
3 | 552000 | 0.185 |
2 | 470000 | 0.180 |
1 | 250000 | 0.175 |
2 | 205880 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 445123 | 5 |
0.205 | 394256 | 7 |
0.210 | 214560 | 6 |
0.215 | 1200543 | 6 |
0.220 | 236763 | 4 |
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