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”.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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16 | 3019442 | 0.021 |
17 | 3721251 | 0.020 |
5 | 929920 | 0.019 |
1 | 318750 | 0.018 |
Price($) | Vol. | No. |
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0.024 | 1029849 | 8 |
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0.026 | 2155955 | 3 |
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