...seems to me they are just saving a bit of cash by releasing the rig, I guess for say three weeks until they have counted up how much cash is to hand and then decide if a new hole near Surprise or a rentry. New hole is they have plenty of cash.
I suspect they learned a lot from the drilling of the horizontal and I would expect a lot further horizontal distance achieved next time.
Most likely with a clean hole, no buggerised mud filled fissures or fractures, and a planned three horizontal lateral after some 3-D siesmic and I think it may all start to look very attractive and commercial.
I would guess if all this comes to pass then looking at least to end April for the next lot of great news.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 101749 | 5.3¢ |
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No. | Vol. | Price($) |
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4 | 585734 | 0.052 |
3 | 840000 | 0.051 |
3 | 500000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
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0.054 | 6242 | 1 |
0.055 | 135000 | 1 |
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
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