Have been a long term supporter of this one, but didn't like the report one bit.
Seems to me like some of the wells are dropping off (watering out?) faster than they hoped, and the "complexity" of the field means there is no guarantee the drop off can be replaced by simply plugging in a new development well.
I believe the long term future of this company is assured, as they are in the process of setting up various income streams (warro gas, potential income from other on-shore thai permits etc), but in the short term I think this one is about to get very volatile.
I know some of the long termers wont like those comments much, but that's how I see it. I don't hold, but it's a ST sell for mine.
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Open | High | Low | Value | Volume |
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3 | 462000 | 0.135 |
7 | 748177 | 0.130 |
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Price($) | Vol. | No. |
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