Super easy for a negative sentiment to develop when peoples $$ is involved in such a volatile market. Reading the announcement I thought, "Oh cool, we reached TD, have excellent fracturing and pressure with DEEP oil shows? Nice!" but the moment I saw that they failed to flow to surface 2 times I thought, "F*** me the HotCopper thread is gonna be so depressing to read". From what I understand from the announcement it seems like the hole itself is fine. Fundamentally everything is the same - oil still there, depth is reachable, fracturing is now known to be excellent with high pressure.. but the approach to get it flowing needs work. So, now the plan is to retrieve the data, analyse it and work out a solution to get the oil flowing. Okay, cool, that makes sense and seems reasonable. It's a gas/oil exploration company in Cuba afterall so delays like this are to be expected as I can only assume it's a very complex operation.
I'm a long term holder. Reading this announcement I don't really mind if I have to wait a bit longer so long as they can figure out a solution to the current problem.
For short term traders and the emotional investors though, this would be extremely annoying and you can see the effect it's already having on them lol.
- Forums
- ASX - By Stock
- Ann: Block 9, Alameda-3 Appraisal Update
Super easy for a negative sentiment to develop when peoples $$...
-
- There are more pages in this discussion • 628 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
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $90.99M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.7¢ | $18.45K | 683.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 269722 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.026 |
9 | 1064660 | 0.025 |
9 | 1342369 | 0.024 |
10 | 2462925 | 0.023 |
7 | 1783637 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 269722 | 5 |
0.029 | 344071 | 5 |
0.030 | 600000 | 4 |
0.031 | 469583 | 2 |
0.032 | 1503548 | 6 |
Last trade - 15.50pm 18/09/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |