Hi Pawnking, I think we are close too.
I think today's announcement is a positive. They drilled this well with no seismic, and their theory is based on some good geological work and extrapolating what they know from Ash Creek. I didn't expect them to hit anything but they have encountered gas shows/indications over 2,500 feet.
This confirms for me that this is a gas prone area and if they drill enough wells they will find a commercial accumulation sooner or later. And I bet it will be a sizeable field.
Also, the teapot and parkman sands had higher gas readings so that augers well for when they test these at Ash Creek.
- Forums
- ASX - By Stock
- notice received
Hi Pawnking, I think we are close too.I think today's...
Featured News
Add ELK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online