Occam's Razor, page-30

First 30 Last

Share
Profile

Follow
virtuozi

517 Posts.

144

04/06/19

15:28

Post #: 38902294
Share

Originally posted by chuk: ↑

Thanks for posting. I just spoke to Michael who is overseas (sounded like he was on holidays) but was good enough to talk at length. I'm not going to try and quote him word for word in case I misunderstood anything but I did get the impression that he thought more work will need to be done to determine what rates of gas flow would be achievable on a sustained basis. He did seem to be suggesting that the heat energy and gas constitution was as reported by LCK and that there were no environmental issues at all but I got the impression that he thought flow rates might need to be improved - he mentioned that LCK might simply need to redesign the wells to improve gas flow rates. Perhaps that will be worked on with the partners that potentially buy in. They would no doubt have access to all the data and will have their own opinion on commercial viability risks.
Importantly, Michael said that there was NO REASON at all why the department would not allow further work to be done by LCK or potential partners as a previous post seemed to be hinting at (and so I specifically asked that question).
Overall I get the impression that are many boxes ticked, including heat energy and the quality of the gas constitution but more work needs to be done to determine the commercial viability. It seems there is plenty of interest so I'm holding and I might buy more depending on how this continues to trade.
Again, thanks for your post Virtuozi.

Expand

cheers mate

LCK Price at posting: 27.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

GNP

Genus scores major works contract with Western Power, to earn $50M in first year

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

EM2

Eagle Mountain unlocks porphyry Cu targets at Arizona play

TLS

Telstra to boost phone plan prices despite inflation – and despite claiming they wouldn't 2 months ago

STX

Strike Energy wins EPA green tick for West Erregulla; AGIG also awarded pipeline licence

There are more pages in this discussion • 5 more messages in this thread...

First 30 Last

Add NRZ (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $19.02M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$16.23K	1.635M

Buyers (Bids)

No.	Vol.	Price($)
9	1485536	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	341511	3

View Market Depth

No.	Vol.	Price($)
9	1485536	0.009
8	2001611	0.008
3	3253968	0.007
1	1000000	0.006
3	2797010	0.005

Price($)	Vol.	No.
0.010	341511	3
0.011	718780	3
0.013	753602	2
0.014	12000	1
0.015	170000	1

Last trade - 10.57am 09/07/2024 (20 minute delay)

NRZ (ASX) Chart

Occam's Razor, page-30

Genus scores major works contract with Western Power, to earn $50M in first year

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Eagle Mountain unlocks porphyry Cu targets at Arizona play

Telstra to boost phone plan prices despite inflation – and despite claiming they wouldn't 2 months ago

Strike Energy wins EPA green tick for West Erregulla; AGIG also awarded pipeline licence

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Occam's Razor, page-30

Top Stories

Genus scores major works contract with Western Power, to earn $50M in first year

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Eagle Mountain unlocks porphyry Cu targets at Arizona play

Telstra to boost phone plan prices despite inflation – and despite claiming they wouldn't 2 months ago

Strike Energy wins EPA green tick for West Erregulla; AGIG also awarded pipeline licence

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News