Shares and options are being sold by a wide spectrum of people.
Some of this is ignorance.
We still have the oil and gas there and there can be litlle doubt we will be able to extract it commercially at some stage
On the plus side we are still producing oil gas and fraccing fluids.
We are also producing more % of oil than predicted and we are right on the boundary line of oil gas interface so to the west oil should work well and to the east gas the same.
Also as a plus we are still not producing proppants or formation water
However what we are not doing is following predictions or timelines.With our resticted capital,uncertainty of forward plan and past history even folk like Mandurah have done partial offloads because of forward uncertainty.Each to their own.I personally think the fact that there is not much recovery left (75%is often enough)means to me that answers are weeks away not months.(Comments please)We then have the whole of September for production testing
Starting to make Ben Hur look like a you tube clip but was never going to be easy.
Good luck all and lets hope we hear something by early next week
RD if you have RMs ear you think you could ask him when he guesses we will do pdn testing and give us a hint.We do know it is uncertain
OEX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
