Garggs, given they have stated it is already flowing ~240 bbls / day of oil and ~550 mcf gas / day... and increasing probably suggests that "full potential" wont be "50". I still find it very hard to believe that their statement of "full potential" would not also imply that it is economical - just my opinion.
Would be nice to have a left field event right now such as a palta result or some cooper news to take the focus away from this well result. I am sure management would like the same !
For those that like technical analysis - a move sub 15.5 cents would suggest a 14/14.5 target and it would likely be a wave 5 (for the elliot wave theorists amongst us). The RSI will also be diverging at that point given it is holding up on this latest move from 18 to 15.5. If it plays out that way it would be a strong signal (RSI) to suggest that the sell-off is coming to an end and a trend change is not too far away. All IMO.
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Garggs, given they have stated it is already flowing ~240 bbls /...
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $644.7M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.0¢ | $501.0K | 2.230M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 2046366 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 318000 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 1994184 | 0.220 |
16 | 659758 | 0.215 |
20 | 1117710 | 0.210 |
15 | 896139 | 0.205 |
29 | 756082 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 300000 | 3 |
0.230 | 5609093 | 19 |
0.235 | 1597574 | 28 |
0.240 | 2882088 | 18 |
0.245 | 2500130 | 21 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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