With 4 definate,,, 5 possible wells on the brink of feeding the sales pipelines,, it's a very handy time for the natural gas prices to be having a surge...!!
US $8-13 /mcu.ft............That's AU $9-90 ,,
That's also an increase of around 8% from a couple of months ago..!!
It's easy to overlook the basics of this....ie:-if you did a feasibility on earnings, a few months ago,, on a well that you have a 25% interest in,,,,,It's now like having a 33% interest in the same well, based on the ORIGINAL feasibility,,,,,of course.. !!
AZZ Price at posting:
0.0¢ Sentiment: None Disclosure: Held