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Yep a bit of clarity on what they mean by "low cost" Shallow gas...

  1. SpiderMonkeyZ
    3,932 Posts.
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    07/05/24
    11:00
    Post #: 73700427
    Yep a bit of clarity on what they mean by "low cost"

    Shallow gas cap is only 85m deep so are they using the Marriott rig or something else to drill it?

    Talk of local contractors and low-cost but they have about half their cash $1.8m tied up with UK based Marriott Drilling on deposit? Noting total spend over $40m on exploration and evaluation in the past for which a decent chunk would of gone to Marriott Drilling? And they drilled two wells thus far?





    https://hotcopper.com.au/data/attachments/6152/6152382-3b301370138d4ee538bf1fa601f224a3.jpg
    https://hotcopper.com.au/data/attachments/6152/6152385-f3fa53ee03fd0c4da0b86db4c69e1875.jpg
    https://hotcopper.com.au/data/attachments/6152/6152388-cd6c3edaae29712791352bf0df2715e2.jpg

    NHE Price at posting: 8.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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