hi CC,
I mentioned that in my post to TheMonkMan last week. The others will simply nit-pick on whatever I post, regardless, so not worth going there.
For P#2, the mkt expects 'flowrates (test results)' i.e how much gas or condensate flowed.
That should happen, as KAR are listed here & have a lot riding on it, COP will mention this in their qtrly update in Houston.
The reserves won't come out yet, still have Kr#1 & Kr#2 etc to drill on the southern fringe of this structure, so quite some time to go.
Also the data frm P#1 was incomplete, so still early days. However I'd like to see them drill P#3 closer to the top of the crest, as using P#1 as a re-entry for a sidetrack at these depths can b risky, IMHO.
As of now, the 'P50 estimate' of 7.6 tcf is contingent resource, not 1P, 2P or 3P reserves as others have said. Pre-P#1 this 7.6 tcf was 'Prospective' & is now considered 'Contingent'. As the JV gathers more data frm drilling the Poseidon structure this Contingent resource will get rerated up, to the reserves category.
Until then 'P50 - 7.6 tcf is a pretty good set of numbers' as a former PM of Oz would have said :)
cheers
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Last
$1.89 |
Change
0.035(1.89%) |
Mkt cap ! $1.391B |
Open | High | Low | Value | Volume |
$1.87 | $1.90 | $1.86 | $1.955M | 1.037M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 23426 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 53763 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 30149 | 1.885 |
29 | 73594 | 1.880 |
25 | 80530 | 1.875 |
18 | 129261 | 1.870 |
12 | 71676 | 1.865 |
Price($) | Vol. | No. |
---|---|---|
1.890 | 51910 | 20 |
1.895 | 39698 | 10 |
1.900 | 170237 | 18 |
1.905 | 64836 | 13 |
1.910 | 62787 | 14 |
Last trade - 12.43pm 15/07/2025 (20 minute delay) ? |
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HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
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