A lot of log-dates have to be analyzed and a lot of questions have to be decided:
- which target is best
- which target can be developed economically
- is it better to decide a soon development for gas?
- is it better to decide for oil?
Al those decisions are necessary to be made for a planned test-confirming drill, which could follow immediately after finalizing the regular drillings..
So I think (hope) that they will decide a test-confirming drill for an oil-target, because Oil can be recovered very quickly. You need only some oil-trucks for transportation.
(This would be the quickest way for raising the market-cap!)
If they decide a test-confirming-drill for gas,a development would last about half a year or 3 q's for connecting to the near-by pipeline.
So that is one the next announcement, I'm waiting for.
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Mkt cap ! $16.33M |
Open | High | Low | Value | Volume |
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2 | 282055 | 2.7¢ |
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6 | 609000 | 0.026 |
7 | 423150 | 0.025 |
2 | 430170 | 0.024 |
2 | 252000 | 0.023 |
Price($) | Vol. | No. |
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0.028 | 68796 | 2 |
0.029 | 360951 | 3 |
0.030 | 1059111 | 6 |
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Last trade - 10.57am 19/09/2025 (20 minute delay) ? |
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