This is what I hope to see along the lines of.
Dec 16. Talma
With the successful completion of coring of Talma #1 well in PEL 457, wireline and permeability testing (at four
intervals 590m to 600m, 627m to 637m, 703m to 713m, and 777m to 787m) has been undertaken.??Initial
results on site indicate sufficient permeability to support reserves certification and viable production. The test
results will now be analysed offsite and announced when available.??
Sufficient gas was produced during one of the permeability tests to produce a flare. The source of the gas was
from both the coals and "sandstones adjacent" to the coals. Refer photo below.
This sent the share price from 2.4c at open, to a top of 3c. Closed at 2.8c.
The hype around this hole, it could go more.
This is a gabble, and should be treated as such. All the "sell before spuds" are already out.
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