Looks like they have responded with a progress report that is only slightly more upbeat. (no intervals)
Progress and Current Status:
Following a review of the wireline log and mudlog information in the last 24 hours, the Joint Venture has identified at least two zones which may contain moveable hydrocarbons; however this can only be ascertained by flow testing. A comprehensive test programme is currently being planned by the Joint Venture and is expected to take approximately 2 weeks.
Baraka Managing Director & CEO Dr. Mark Fenton said: ““The side-wall samples recovered in the last 24 hours have indicated the presence of oil. We are encouraged by these oil shows, however until we have completed the test programme we will not be able to confirm whether movable oil is present, potential flow rates or commerciality. The oil shows in Mugello-1
- Forums
- ASX - By Stock
- CND
- looks like theyve hit oil
looks like theyve hit oil, page-25
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CND (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.4¢ |
Change
-0.003(8.11%) |
Mkt cap ! $19.65M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.4¢ | $43.68K | 1.240M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 681110 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 67778 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 681110 | 0.034 |
4 | 566700 | 0.033 |
3 | 2648390 | 0.032 |
3 | 1361290 | 0.031 |
1 | 562934 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 67778 | 1 |
0.036 | 189797 | 1 |
0.037 | 4035 | 1 |
0.038 | 22000 | 1 |
0.039 | 143000 | 2 |
Last trade - 15.32pm 22/07/2024 (20 minute delay) ? |
Featured News
CND (ASX) Chart |