Yes i seen that report in the first part of the announcement.
But if you keep reading down further they are still looking at stimulation on Jesse-2 well.
If you look (at the screenshots below), further down in the announcement , it talks about evaluating stimulation on Jesse-2 based on feedback from Blade Energy... with a short radius horizontal drilling....
Jesse-2 well is consistent with Doe Canyon field .
This is where the company is evaluating stimulation based on Blades Energy feedback....
IMO if Jesse-2 is consistent with Doe Canyon field
Jesse-2 well , this is where we should start simulation workover first.
My interpretation of the announcement is that the
BOD haven't really made up their minds on whether to
stimulate Jesse- 1well first or Jesse-2 well first , because Jesse - 3 well location hasn't been confirmed and submitted Yet , this is my understanding .
GGE need to get a Commercial flow rate and stimulation happening on Jesse -1well or Jesse-2 well first before doing a stupid Capital Raising at these prices for
Jesse- 3 well drilling .
Surely the BOD can see this is a better option for all Shareholders and Directors sharesholdings .
- Forums
- ASX - By Stock
- GGE
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-19
Featured News
Add GGE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $7.351M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $5.952K | 1.983M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 8533675 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 565927 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 8533675 | 0.002 |
11 | 14200009 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 565927 | 1 |
0.004 | 7884364 | 15 |
0.005 | 3241959 | 11 |
0.006 | 2985166 | 3 |
0.007 | 1563480 | 2 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
Featured News
GGE (ASX) Chart |