re: Ann: MINE: CUE: Naga Utara-1 Well, Mahaka... Two good announcements today resulted in an insipid trading day without any gains on an up market day. We now have two pay zones with high pressure from the latest well and Wortel seems to be performing very well.
The last 5 trading days have seen about 610K of CUE shorted and in the last 2 days shorts represented 31% and 35% of turnover so it's possible that more shorting today may have contributed to the ordinary result.
ANZ
Ann: MINE: CUE: Naga Utara-1 Well, Mahakam Hilir , page-2
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