IMO, my take is that current trend will continue until we get definite announcement that Alameda upper sheet, or perhaps Zapato is going into production. Zapato spudding announcement will drive SP higher but only to a certain point.
High pressures that have prevented Alameda and Marti from being put into production are not bad problem to have but require different approach and solution to extract black gold.
Day traders are taking full advantage of the situation and will not stop until production is announced and oil starts flowing.
DYOR
AP We Need a 2nd Drill Rig for Block 9 ASAP, page-120
-
- There are more pages in this discussion • 16 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 MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $577.5K | 16.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1018559 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 1521853 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |