I don't doubt the posters knowledge on the technical side, but the background here is different from an explorer operating independently, so question the conclusion.
" if the porosity was deemed non-commercial, 88E/PMO would have stopped further logging and announced this."
88e sold 60% of Block A for PMO's US $23m , that brought them an appraisal well and logging suite.
Regardless of the initial results, the full suite will be run, data on leases is 88e currency, and since they have already paid for it, why would they not run it. I haven't seen anything that suggests PMO are offering refunds if the well is under budget.
Ann: Operations Update, page-129
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $41.02K | 20.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 440 | 1196487383 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 7803333 | 5 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |