BPT 0.32% $1.56 beach energy limited

trading halt??, page-20

  1. 8,877 Posts.
    lightbulb Created with Sketch. 20
    It seems obvious they would of got these results over the weekend and have the data now.

    So i would expect an announcement today.

    Just trying to understand if it could be a bad announcement. I cant see how as they are still pumping the fracking water out. Its such early days.

    Say there was no gas !!! that wouldnt really come to light till they had finished getting the water and waited a while. There would be some gas anyway. They could cap it and let some pressure build etc. All takes time.

    I know its conjecture but if the gas was gushing before the water came out and was blowing seals etc and the flow rates were exceptional then this would cause a trading halt.

    Obviously i hope for the latter but with all drilling its a educated gamble.
 
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