That would be a management decision in the end, I would say that it will be known in the next 2-3 months. Given the well is onshore, I would expect them to wait on pressure data, maybe opening it up once pressure is enough to indicate reservoir repair.
If it was frontier or offshore it would be a duster, atleast here there is flexibility to wait on it. I’ve heard of wells in china that took weeks to flow oil, small flows can be marginal so if they didn’t disclose the amount then it wasn’t great.
Ann: Romania Well Flow Test Operations Update 7, page-8
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.06M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.7¢ | $9.62K | 354.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 313188 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1475681 | 11 |
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| Last trade - 16.10pm 07/02/2025 (20 minute delay) ? |
| ADX (ASX) Chart |