Hi MD
On one hand I can see that the market might react that way to such news.
On the other hand, as CBM reserves are already proven to support supply into Brisbane and a power station, any positive outcome from Kingfisher should surely be seen as cream.
On yet another hand (lol) on the same basis, a nil result from Kingfisher could be argued to be sp neutral.
Look out, I found another hand, it is good that management resisted the urge to prove up more CBM reserves than current projects require and conversely it is good that they are having a measured look at different potential product lines with Kingfisher, namely conventional gas and condensate (a light, sweet crude).
There is definitely a lot of ying and yang with MEL.
Cheers
Dex
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Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 13765502 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14029479 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 13765502 | 0.003 |
12 | 31475499 | 0.002 |
6 | 59703690 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14029479 | 13 |
0.005 | 5954721 | 6 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
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