The water issue has plagued the Heintschel field every since it was drilled and IMO is one of the big reasons that Burlesons SP has lagged other similar companies.
This same downward pressure on the the SP occurred when water production was announced on a previous well. The outcome then was:
The well still produced economically and is still in operation, and the costs then were reported for water disposal at 7000 dollars a month, a minor cost for the production achieved.
Even thou these Ann alarm the market long term the well will be producing good cash flow minus a little for water disposal IMO.
Till then the market will drive the SP lower.
- Forums
- ASX - By Stock
- BUR
- now we know why: leaky boat
now we know why: leaky boat, page-27
-
- There are more pages in this discussion • 63 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 BUR (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
0.037(37.8%) |
Mkt cap ! $20.3M |
Open | High | Low | Value | Volume |
10.0¢ | 14.0¢ | 10.0¢ | $42.80K | 329.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 65384 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 196779 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65384 | 0.130 |
3 | 192748 | 0.120 |
2 | 55000 | 0.100 |
1 | 10000 | 0.091 |
2 | 108823 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 196779 | 1 |
0.145 | 45000 | 1 |
0.150 | 243400 | 4 |
0.160 | 3336 | 1 |
0.170 | 50000 | 1 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
BUR (ASX) Chart |