AZZ 0.00% $7.50 antares energy limited

if it s an important operational related announcement it would...

  1. 438 Posts.
    if it s an important operational related announcement it would mean they hit jackpot with those new wells SLKT No1 and Barness No1 consider they proximity to Robinson no1. May be they are waiting for all production data come in hence the suspension, The initial production probably looks better all the others. Robinson No1 set record monthly production of 10000 BoE so these news wells must have initial production better that will warrant a trading halt to gather all details of the production so far before release to market. Well if this is the case they can come back tell the buyer to up their offer and that also the reason why they spent on extra drilling in these area. They must have ask for more than 300m initially but buyer might have told them to prove up before they will renegotiate the final price for the purpose of keeping market inform they must have settled for a temporary price tag of 300m
 
watchlist Created with Sketch. Add AZZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.