Agreed more wells at this pace (every few months) will help provide a 'production floor'. However as time goes the by the effect of each new well (on average) will not cover the decline rate in the other wells as efficiently.
What I and the market would have preferred to see is a slower decline rate over the months Nov to now in all 3 producing wells. These are dropping at rates far above the US average however admittedly this may not reflect Texas, I don't have that info yet.
Total production from each well is the critical ingredient for success.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.445M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 147193 | 1 |
View Market Depth
| Last trade - 16.21pm 18/09/2025 (20 minute delay) ? |
| BUR (ASX) Chart |
Day chart unavailable