SE has gas down there 100%!!
The petrophysics from SE2&3 and proven flows from SE1, all prove the existence of gas at SE! Unfortunately, we have water in the SE2&3 wells without explanation and the symptoms are presenting as panic selling in the share price!!
Dear fellow shareholders,
Getting SE2&3 to clear water and flow gas is going to be mighty tricky and take a long time - if ever. Pls do not expect an explanation and quick fix solution within the next month....
If they can fix it they will !! If not, they will drill new wells and capture these reserves in the future. All on the proviso we continue to exist into that future. For now, this is going to cost, the opportunity to participate in any upside from Govt regulatory change and "cash at bank".
Let's all keep our nerve!
SE has gas down there 100%!! The petrophysics from SE2&3 and...
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $501.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $1.170M | 6.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1634397 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 617607 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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