Yep as per the EMP drilling was planned for 9 weeks. The update on the 14th had the well drilled to 1275m with a TD of 3600m. Given that the spud occurred on the 16/4/19 we can expect drilling to be completed around the 18/6/19. Well testing was scheduled to take 12 weeks from then. There should be a few news flow items towards the end of drilling, they will be able to correlate some of the pre drill assumptions and may be able to release some early gas shows etc that validate/invalidate the modelling. By early July I would expect that the market will have a reasonable idea of the drills success. The Next quarterly results which should show a clear picture of what 3 months of sales at the new rates look like will be due on the 29/7/19 so it's sure to be a juicy period from a new flow perspective. You can also expect to see some updates in the coming weeks as the gas flow rates from FV13 are gradually ratcheted up.
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https://denr.nt.gov.au/__data/asset...B-PLN-006_EMP_Dukas_1_Well_Rev-3_Redacted.pdf
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5.6¢ |
Change
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Mkt cap ! $41.73M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.5¢ | $32.90K | 579.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9098 | 5.6¢ |
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Price($) | Vol. | No. |
---|---|---|
6.0¢ | 215988 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9098 | 0.056 |
1 | 200000 | 0.055 |
2 | 400000 | 0.054 |
4 | 830000 | 0.053 |
3 | 295012 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 215988 | 4 |
0.061 | 50000 | 1 |
0.062 | 100000 | 1 |
0.065 | 200000 | 1 |
0.067 | 149268 | 1 |
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