This is a very prudent decision. If they can produce enough gas by drilling only one well to fill the NGP and provide a larger plant upgrade this will be the best way forward. No use drilling a second well at this stage if the gas will just sit there. Once cash starts rolling in and the NGP is expanded we can drill the second Mereenie well to fill increased capacity. The plant upgrade will already be completed ready for the extra gas and would also assist us with the gas from the first well.
Ann: GO-AHEAD FOR DEVELOPMENT OF MEREENIE GAS PROJECT, page-4
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
5.4¢ |
Change
-0.004(6.90%) |
Mkt cap ! $40.24M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.4¢ | $33.59K | 611.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 290637 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 204593 | 1 |
View Market Depth
| Last trade - 15.59pm 26/06/2025 (20 minute delay) ? |
| CTP (ASX) Chart |