Afternoon guys. I havent been following SEY too closely lately (after it had its run) however have noticed this testing period is taking a little long IMO for this kind of well although they are undertaking side wall coring, dip meter logging analysis and production testing.
The 3rd of June is when it was announced to market as a discovery - it is now over 5 weeks without any further comment and this demonstrates poor communication by the company. They could at least update the market on how the coring has gone and, whether production testing has commenced.
On another note, technically it looks like it could be at the very start of a reversal however there is absolutely no reasonable volume (albeit for a thinly traded stock) to suggest anything.
I'll be watching with interest to see what happens...
SEY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
