There is a direct parallel to where we are at with MAY. We will have the logs etc here in about 1 week. Unfortunately the flow test cant be done until Oct for permitting reasons, it's adjacent to a national park and they dont want a fire in Summer.
My assessment is that they have confirmed accurately what they targeted and it matches what was discovered in a well drilled in the 80's which found wet gas at a flow of 4mmcfpd. This well was about 12km away from what I can see but may be as close as 4. Either way the areal extent is big. I think this well is analogous and the 800bcf is likely to be confirmed. So the leverage is huge c/- Alameda and Austria is a better risk than Cuba. I have sold a couple of m MAY and put it here. ASP18.6PS. The 80's well was never commercial as gas wasworthless then. I dont know enough about gas to know if 4mcf is good or not, I am used to the PB 20 PD. But hey the price is 5x Henry Hub.
- Forums
- ASX - By Stock
- Ann: Welchau-1 Well Discovers Condensate Rich Gas
There is a direct parallel to where we are at with MAY. We will...
-
- There are more pages in this discussion • 115 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADX (ASX) to my watchlist
|
|||||
Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $55.16M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $28.39K | 287.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 240980 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.097 |
1 | 160652 | 0.096 |
7 | 293967 | 0.095 |
1 | 10532 | 0.094 |
1 | 30000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 240980 | 3 |
0.105 | 390066 | 8 |
0.110 | 383806 | 8 |
0.115 | 129700 | 3 |
0.120 | 138498 | 3 |
Last trade - 15.54pm 06/09/2024 (20 minute delay) ? |
Featured News
ADX (ASX) Chart |