Hi Pete01,
In answer to your question a flow rate of 150-200 is considered commercial. Any additional upside/increases in flow rates from here simply enhance the value of Mahalo and reading the release closely it would appear there is many increases in flow rates to come. This has changed Comet from a speculative stock, as we were all speculating they had a commercial field and now its proven in a company maker announcement!
I am staggered people would sell at this level after waiting so long for this result and now with corporate appeal, but I am also very pleased at the same time as we can buy more at this level!!
Hope this helps.
Ann: Mahalo 7 Horizontal Well Project Operational Update, page-6
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $161.5M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $23.69K | 174.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 219611 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 66649 | 2 |
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| Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
| COI (ASX) Chart |