I am interested to see the results of the palta data. As i have said previously they announced (shell) that it was not commercial. In my opinion not commercial for them is anything under a billion dollar resource, They did not report "no hydrocarbons found" but that is was not commercial. The same was done at La Bella by BHP.
It may still hold value for a smaller company like ours although I would think it would be difficult to engage a partner in a JV to drill at that depth for a smallish resource but it has had only 1 drill. Palta is a huge area which could still prove fruitful.
Just trying to be optomistic but am not feeling very confident with this.
Gonna take a fair bit of luck for Palta to come through for us.
Cheers
Bowser
Ann: Board of Director Changes , page-6
-
- There are more pages in this discussion • 6 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 ZMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.406M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65000 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 3 | 1 |
View Market Depth
| Last trade - 16.12pm 16/08/2024 (20 minute delay) ? |
| ZMM (ASX) Chart |
Day chart unavailable