Just my 2c on today's action.
The share price on Friday saw a close of 4.3c, this was based on the expectation of good news.
Today's announcement saw the price drop to a close of 3.5c. Though I think it closed up in the auction, could be wrong though.
I've read the announcement a couple of times and to me it reads very postive. The shut-in has worked, pressure had built and is driving out frac juice, trace hydrocarbons seen, pressure kick recorded.
I expect today is simply a sell on news regardless and once the LSE has a shake out the price will be back at 4.3c or higher in no time.
I think we can forget about retrieving the 30% of frac juice back, it's gone, the oil is coming. As has been previously mentioned what else at 11000ft can increase pressure?
To all the "Jon Snows" here calling this a duster, "you know nothing".
Cheers
- Forums
- ASX - By Stock
- 88E
- Ann: Project Icewine Operations Update
Ann: Project Icewine Operations Update, page-160
-
- There are more pages in this discussion • 286 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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¢ | 0.3¢ | 0.2¢ | $28.15K | 14.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
252 | 279685209 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 633238144 | 203 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
252 | 279685209 | 0.002 |
206 | 806558848 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 633238144 | 203 |
0.004 | 340577211 | 118 |
0.005 | 55934054 | 55 |
0.006 | 53377329 | 33 |
0.007 | 22482965 | 20 |
Last trade - 13.12pm 07/08/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |