Their first well took longer and cost more than originally anticipated. No surprise here and the market has already factored this in. What is imperative is that they successfully complete the well and that the well can be viably utilised.
"Strong indications of natural fractures below 3,400m" and "expectations that our target temperature will be achieved" are significantly more important than their additional $4.5 million contribution.
Systemiser.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.9M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $17.58K | 47.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47430 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 35914 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| PTR (ASX) Chart |