TBN will need to raise capital later this year to fund the other 4 wells. Good data needs to be provided to the market from both wells (hopefully). All 3 santos wells in EP 161 showed improved flow after shut in so there seems little to gain to reduce the soak time for 2H if this data is not urgently needed. This is only speculation on my part but my inclination is that the remediation has somehow been delayed for the 3H and if this is the case then opening up the 2H would be best delayed also. Again pure speculation after reading every update back to 2021. Cheers
TBN Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)