Yep, that's exactly what I thought, pjf.
i.e. you drill a few more holes around the existing test wells to help draw down the water in the vicinity, thereby boosting the flow rates of the production wells.
This should increase the rate of ramp-up, which is good, as well as gather more geological data in the area (although they've got a very good handle on this given they already have 1.2TCF of 2C, which has been certified by NSAI).
I feel like this is a classic under-loved stock with a significant upside.
Wouldn't bet the house on it. But it has a lot of upside potential.
Yep, that's exactly what I thought, pjf.i.e. you drill a few...
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $20.26M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $685 | 228.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 17511141 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 66098125 | 31 |
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| Last trade - 10.09am 26/04/2024 (20 minute delay) ? |
| TMK (ASX) Chart |