Unit 3, let alone the upper units have not been declared uneconomic, and also there is an increase in net pay. The formation may be developed with artificial lift mechanisms. I know it’s suspended for now and development is still a bit further down the road, so no instant sugar hit- but that’s O&G investing for you.
These units were never the main game anyway yet might still be incorporated into a production plan. I am more than comfortable to remain holding on fundamentals. The reaction to today’s announcement is certainly a free kick for traders who have ‘played this well”.
Unit 3, let alone the upper units have not been declared...
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Last
2.3¢ |
Change
-0.003(11.5%) |
Mkt cap ! $77.51M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.3¢ | $124.0K | 5.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2808380 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 339712 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |