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Ann: Trading Halt, page-27

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30/04/21

06:23

Post #: 52829353
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Originally posted by Dredd84: ↑

PCL is a bucket of sh1t and the worst move SGC did was to do business with them.
I think it's optimistic to think 92ft turns into 137ft (or whatever it was). However, following all the anns as they progressed the potential pay zone showed all the signs of having a dry gas flow.

To me it makes sense to go into a TH, if they have perforated and have flow (which you know immediately) but still need to measure which takes time. This is worthy of an ann on its own, but you could go the other option of stopping to leaky boat by going into an TH and announce when you have a better understanding.
This is 1 of (hopefully) many more pinical moments for XST/SGC and IMHO a TH is the right move.

But they also could have perforated and

Expand

I was using PCL as an example of a company going into TD then announcing a duster. Namibia drill. Some here were saying they wouldn't go into TD if it was a duster but company's do. Anyway let's hope she flow come Monday or today.

SGC Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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