My updated drilling depths. They are currently drilling at 380ft per day in the Guinda zone (drilling significantly faster in the sand content).
We should hit the next gas zone by 21st March. And TD expect to hit towards the end of the month - 12 more days to go.
I don't expect the SP to move much until more accurate gas results are determined once TD is hit and WI logging begins. Until then honestly the way the SP has been going it would probably remain under 2c. The WI logging would be crucial for any significant upward movement of the SP (if the results are good).
Who's been selling the last week from 9th to 16th March - Insto's! And retail have been the ones buying
Insto's will keep selling I reckon until more accurate analysis of potential gas pay is done (after TD).
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