Crazy that people are selling, but who cares thats the market. Patience and SHE will pay off big time. Jewell is a WINNER no 2 ways to look at it. Did people think that rate would be upto 1500-1600 BOEPD by now probably, but the slower it rises and the longer it takes the better the well is going to be. Its increasing on average about 9 bbls a day. if it takes another 2-3 or even 4 weeks to reach IP24 that number could be 1472, 1535 or 1598. And will stay near peak flow for longer.
updating my numbers from yesterday 808 Oil, 315 NGL, 225 GAS at todays prices. 808 at $72 = $58176, 315 at $36 = $11340, 225 at $30 = $6750 total $76266USD or $104473 AUD SHE share at 41.5% $43356 not a bad day in the office for a MC of 16M thats $303.5K a week and they are expecting that to rise over the next few weeks.
When SHE announce what they are doing next (Big Play) around xmas or early new year with the 5M AUD they will have, that is when you see the SP rocket. Until then the patience will accumulate, and the traders will trade for pips.
SHE Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
