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Some pretty good buying pressure is building. Meanwhile, a CE1...

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Quest09

1,016 Posts.

137

15/09/23

10:09

Post #: 69869541
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Originally posted by Quest09: ↑

Not sure why the share price is dropping on this news. As i understand it, the news is a fairly neutral operational update, but has some forward looking potentially positive outcomes.

IMO, the news pretty much guarantees an exciting quarter of announcements to the end of the year, and possibly beyond.

Three wells scheduled to by drilled, with the first stage of drilling now completed on the first well.

Previous drilling events were "highly successful" so one could assume the probabilities of further success in the current drilling campaign are in CE1's favour.

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Originally posted by Quest09: ↑

Oil price hits $94 per barrel. At this rate we could hit $100 per barrel before the end of the month.

CE1 margins must be looking increasingly good.

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Some pretty good buying pressure is building. Meanwhile, a CE1 drilling campaign for 3 wells is underway while oil prices a rising fast.

IMO, we might see some significant moves to the upside in the near future.

CE1 Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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