Conix
Glad u noticed the gas peaks were consistent all the time so no doubts about this. However the focus was on the T'warra sands, so that kinda took the gloss of the ann'mnts as people thought oil would b good. We havent got a duster folks not with 160m of coal gas (should b 95% methane)
The plus side is, the next 2 wells are 2b drilled in the shallower part of the basin, so this zone with varying thickness should continue (unless there are some fault systems in the area). Thickness, porosity & the acreage is critical in calculation of the gas reserves so hang on for the ride.
Question is do we still do a DST on this section. I think testing a 160m zone could cause formation damage so case & suspend would b a safer option. Move to next location, drill them & recalculate the reserves calc.
cheers
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5.5¢ |
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Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 200 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 243680 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 200 | 0.054 |
1 | 792 | 0.053 |
4 | 719200 | 0.052 |
2 | 820000 | 0.051 |
3 | 120200 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 243680 | 3 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 20000 | 2 |
0.061 | 100000 | 1 |
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