OSH encouragingly pursuing a third sidetrack into thick good quality sandstone reservoir with elevated gas readings to C5.
Lets hope for third time lucky!
Meanwhile nice big high on NZ and settled weather for Ensco to jack down and move to Maari.
Oil retreating presently short-term but not below US$100 IMO and is very postive for US markets. Longterm trend is UP UP UP however.
Maybe market is bottoming presently? CUE has 2 free carried wells and production commencing form Maari OCT/NOV so hopefully market conditions will be starting to improve by that time. Saying that ZEUS prospect with potential 10-15TCF gas target will not go unnoticed, even in a bear market!
Fingers crossed for a definitive and positive 3rd sidetrack.
dyor
third time lucky
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.32M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $10.35K | 97.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 833124 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1323703 | 13 |
View Market Depth
| Last trade - 15.40pm 13/05/2024 (20 minute delay) ? |
| CUE (ASX) Chart |