My guess, and I emphasise GUESS, is that the wirelogs have found an oil column together with the gas. If so the next well is very likely to be drilled, and assuming they are still getting hydrocarbons at 4,500m, they will likely keep drilling. Seems the most logical explanation for a trading halt as they have already announced about 370 m of hydrocarbons with some longer chains( i.e. liquids ). Let' hope ,IF I'm right, that the "oil" is in the region where they lost the drilling mud. i.e. the most porous area. This is the most optimistic interpretation, but I can't explain the need for a trading halt in any other positive way. Good luck to all and fingers crossed that I am correct!
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16.0¢ |
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Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 287919 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 1429592 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 281622 | 0.160 |
15 | 2299712 | 0.155 |
16 | 844136 | 0.150 |
13 | 550326 | 0.145 |
6 | 122400 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 1406454 | 15 |
0.170 | 639955 | 17 |
0.175 | 921428 | 14 |
0.180 | 1451402 | 16 |
0.185 | 2270768 | 19 |
Last trade - 11.57am 22/07/2024 (20 minute delay) ? |
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