Seriously!
There should be some genuine excitement about this. Needs some media to wake everyone up which im sure will come based on the reputation of mgmt.
Great result!
i'm Excited!!!
• The well has successfully encountered oil and gas shows, reaching a total depth of 4,730ft.
• Coring of the target zone was completed with the Company recovering 59 feet of core.
• The core is presently being processed at the Weatherford core facilities in Colorado for analysis.
• Preliminary results indicate approximately 10 feet of oil saturation in the Lingle Formation
• The well will now be plugged before drilling the horizontal well is drilled.
Further news flow from drilling should provide support for the story and share price. While the last sale price was 23c there are now bids in the screen up to 26c and the fact that no one selling into it is a good sign. This is a small company with VERY LARGE potential and this is the first piece of the puzzle now in place.
Seriously!There should be some genuine excitement about this....
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $50.88M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 14.0¢ | $39.62K | 267.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 139577 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 86310 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PH2 (ASX) Chart |