Vintage Managing Director, Neil Gibbins, said “To see these good early gas rates and high well head pressure while flowing stimulation fluid back is highly encouraging, vindicating our optimism about the potential of this gas field. With the flare observed to date, and the successful clean-up of the well, we are looking forward to what will hopefully be very promising results from the Vali-1 ST1 flow test.”
...of course the MEL SP wont reflect the true sentiment at the moment because some holders short of funds will be selling to take advantage of the lower SPP price.....hopefully SP starts to kick off around the 15th of Aug as time runs out to be in the SPP......flow rates won’t be known till after the SPP closes I’m guessing.....starting on the 10th of August..?
MEL Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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