Great result but totally expected, which IMO explains the muted market response.
After the final well results announcement on 12 September I posted my final resource estimate which was:
Kingia: 967 bcf vs actual 1004 bcf
HC: 128 bcf vs actual 181 bcf (I actually posted '100-200 bcf' due the greater uncertainty so I'll claim that!)
Total: 1095 bcf vs actual 1185 bcf.
If I was able to get within 4% of Igessi's Kingia value (and 9% overall) with a back of envelope calculation pre-flow test, then you can bet the big boys who dominate the price action were able to work it out at least roughly too. There might be a few retail investors who fell for the ramping of some posters here talking up 2-3 tcf and are now selling out but the bulk of the market expected this.
Ann: West Erregulla Resource Statement, page-70
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.3¢ |
Change
-0.003(1.16%) |
Mkt cap ! $600.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 21.0¢ | $347.3K | 1.636M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 78 | 4191439 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 2622843 | 58 |
View Market Depth
| Last trade - 13.47pm 16/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |