GLL know what's in the ground.
Dewatering was always the challenge. They hired professionals to map their way out, which they've done.
Critical desorption is the key. Once achieved, they'll most likely install more wells to accelerate commercial gas flow.
BTW, one of the biggest costs in gas exploration is treating the water. You could almost drink ours and we've actually taken it a step further and created crops and, down the track, will sell it to farmers. That, plus the connectivity of the water table, goes a long way to highlighting the strong economics involved in our operation to the market.
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Ann: Glenaras Gas Pilot Operations Update, page-59
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Mkt cap ! $7.800M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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3 | 319731 | 0.013 |
3 | 633250 | 0.012 |
2 | 1200000 | 0.011 |
3 | 1500000 | 0.010 |
Price($) | Vol. | No. |
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0.015 | 150000 | 1 |
0.018 | 71428 | 1 |
0.019 | 1010789 | 1 |
0.021 | 480000 | 1 |
0.022 | 76900 | 1 |
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