probably because no one has researched anything and the market has no clue that a well is producing on the Sl play in block A. All the jvp's have reported the well. I gusee once the second development well goes in there on block A, and the Sugarloaf 1 well is finally fraced, then some may realise the massive play theis lease holds.. 80 square kilometers is a huge area, and to purchase leases on them also implies obligations..
NT is a well i am very confident on. and SL i have absolutely no doubet at all on, but when its kept in a vail of secrecy, and the major oil company is being kept hidden from view, we have no action and little reaction!!
Tuesday we should see nice results, and i still believe any frac problems would have been reported well and truely by now..
I believe the JVP's on the NT well are looking for acreage also, so my view is the play is upside ..
cheers
buy time, page-31
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Last
$2.87 |
Change
0.035(1.24%) |
Mkt cap ! $910.5M | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.88 | $2.85 | $138.8K | 48.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 19698 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 4353 | 8 |
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| Last trade - 11.10am 15/08/2024 (20 minute delay) ? |
| DXI (ASX) Chart |