Getting back to my original question, given a choice of drilling a 3km well in tiger country or a couple of shallow, easy horizontal wells into 1b for production what would you choose?.Duncan preffered the latter, as do I and did before with Zapato vs Al2. We have spent a great deal of money and 8 months to drill Al3. 2 month’s downtime waiting for a separator, euphemistically called rig maintenance, and 6 months drilling.
I see a pattern of needless risk and needless delay and I see it as emanating from AP. Looking at 2 WA entrepreneurs, Alan Bond, bombastic risk taker and Robert Holmes A Court, methodical thorough yet incisive I class AP in the Bond camp. The damage done to the company is such that I don’t see any significant turnaround in the SP irrespective of the drill results. McDaniels 3 month delay won’t help either. TBC
- Forums
- ASX - By Stock
- Ann: Alameda-3 Drilling Update
Getting back to my original question, given a choice of drilling...
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
-0.001(2.44%) |
Mkt cap ! $134.8M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $403.9K | 9.857M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 297752 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 650000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 297752 | 0.040 |
16 | 1606347 | 0.039 |
7 | 3851581 | 0.038 |
8 | 586000 | 0.037 |
8 | 729153 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 650000 | 2 |
0.042 | 2053187 | 4 |
0.043 | 700316 | 6 |
0.044 | 201980 | 3 |
0.045 | 725955 | 4 |
Last trade - 14.45pm 24/06/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |