re: gas at lake long Re: the significance of todays announcement ... I dont think that you can read anything commercial into the figures as the sands and logs need to be tested .. what the announcement is saying is that they didn't expect to find any gas bearing sands at these levels but they have ... this being interpreted by the way the drill went through the sands (drill rate penetration) and the background gas pressure. To really evaluate the gas in these sands the electic logs need to be analysed which ast stated will be done in the next 48 hours. So if you like, todays announcement indicates that there could be additional gas to that being targeted and certainly indicates that the area would appear to be gas rich.
Hope this helps.
YO
re: gas at lake long Re: the significance of todays announcement...
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $14.68K | 29.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12053 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 867 | 1 |
View Market Depth
| Last trade - 13.58pm 19/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |