These are experimental wells. Not so much in design, but in that the geology and reservoirs are extremely experimental. That is exactly the right term to use in this case and doesnt really indicate that they wont flow, it indicates that the results are very uncertain. It also indicates that the type of well to use for this particular geology is also uncertain. Only time and wells will reduce this uncertainty.
In regard to the delays again they dont indicate a wells potential result. They do indicate a potential staff or equipment failure and the possible need to reconsider who drills for you in the future. But in no way do they indicate a result. I have seen wells with delays be abandonded and i have seen them be prolific producers.
Some junior players mess around like this to buy them time when they have a bad result. But in the case of a company this size i wouldnt even begin to suspect this to be the case at all.
- Forums
- ASX - By Stock
- BPT
- nice to see a bit movement in the share price
nice to see a bit movement in the share price, page-2
-
-
- There are more pages in this discussion • 2 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 BPT (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.47 |
Change
-0.050(3.29%) |
Mkt cap ! $3.353B |
Open | High | Low | Value | Volume |
$1.49 | $1.49 | $1.46 | $11.42M | 7.782M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | $1.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 75145 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.465 |
4 | 57113 | 1.460 |
4 | 58487 | 1.455 |
14 | 237745 | 1.450 |
1 | 18106 | 1.445 |
Price($) | Vol. | No. |
---|---|---|
1.475 | 10000 | 1 |
1.480 | 65715 | 4 |
1.485 | 28106 | 2 |
1.490 | 53106 | 2 |
1.495 | 18106 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
BPT (ASX) Chart |