CEL
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5.77% 5.5¢ challenger gold limited

close to half a mile of gas, page-73

  1. V8
    10,807 Posts.
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    11/10/11
    21:03
    Post #: 9127796
    SoAf

    Can you let me know where you got your info cause this is what the company is saying

    "Ellenburger now known to exhibit imbibition which causes fluids to be absorbed into the matrix blocking it. It is likely this impacted the results of the mud drilled wells previously drilled in the area."

    http://hotcopper.com.au/announcementFiles/2010/SEY/e94df951-2dbb-4e9c-8423-3d7fb10d602b-SEY509905.pdf

    Given that only about 0.5 frac fluids are ever recovered, Im not sure how you would ever go about drying out the formation.

    Very happy to be proved wrong on this.
    CEL Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
5.5¢ 		Change
0.003(5.77%) 		Mkt cap ! $83.61M
Open High Low Value Volume
5.4¢ 5.7¢ 5.4¢ $74.02K 1.359M

Buyers (Bids)

No. Vol. Price($)
2 235230 5.4¢
 

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Price($) Vol. No.
5.5¢ 8288 1
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