When they started Marlin-1 gas prices were up around $US12 MMBtu, now down to about $7/MMBtu - but likely to recover somewhat as winter approaches.
I wouldn't be surprised to see them move slowly on this well - there is no hurry to have it on peak production at these lower prices when prices are likely to be much higher in a few months.
IMO they should shut it in once drilling fluids have been recovered and let the pressure build up for strong flows when the gas price is better.
Agree with post above re: the point in trying to sell the company. Look at some others trading at a mere fraction of value - INP, SEA, TDO, SAE, COE, IPM, BRM, POL, MMX, MOL, AVO, ABY, PMH...... Just to name a few that spring to mind.
5 out of 5 drilling success, page-20
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 180922 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 100000 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |
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