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12:20
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As the one on this forum who has experience in the field, appreciate your input in this area. Happy for any info you send through to explain things.
Originally posted by johno557:
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Trading today starting of as predicted, small up ticks on low volume as buys willing to take the punt on drill results scramble to take position and large sellers seem to have been exhausted. On the ground we will be pouring cement depending on the log readings and drilling will recommence tonight, 2-3 days to go to reach target depth. Personally I'm watching for any big down volume over the next two days as that may indicate a water blowout wich wouldn't be good. If price keeps edging slowly higher to .06-.065 we can relax for next week and a half and wait for the results from lab. Any large volume 20m+ to the up in the space of a couple of hours and we would have a visual indication of something nice that has leaked to the market which would be something to get excited about, maybe some bubbly mud. There are also lots of handheld atmospheric readers in the market these days but not sure if company would be checking the hole for any changes and if they did not sure that that would leak to market as its a lot easer to control that information than visuals. Any way good luck to all, PS I didn't take account of any geopolitical stuff in this post just experience in gas drilling price actions
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