Very confusing release. No mention of flow rate, choke size, duration etc. all normally required by ASX rules. It reads to me that the well is producing water with some associated He. 17.5% He is outstanding but if it doesn't flow as free gas, this will be a problem as you will need to dispose of the produced water - again, knowing how much water is flowing is key. No real news on the H2 story - the well should be flowing both.
I'm also curious about the comment for test crew to take a mandatory rest break - testing contractors have multiple crews to work 24/7. Perhaps GHY need a break to work out how to unload the water.???
Congrats to those that bought in but there is still a long long way to go to realise the company valuation.
Very confusing release. No mention of flow rate, choke size,...
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Last
$1.20 |
Change
0.055(4.80%) |
Mkt cap ! $91.99M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.25 | $1.16 | $422.5K | 350.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 858 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 16060 | 12 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GHY (ASX) Chart |