They are committed to drill the whole 5000 ft but you are right. It is not very encouraging that they are in the "supposed multi tcf zone" and still only getting background gas readings of 100 units. However, the gas may only be another 100 or so feet away. You never know until you drill so no reason not to keep drilling the whole 5000ft.
If the whole lot is non-commercial, then we're looking at a share price well below 30c I would have thought.
They are committed to drill the whole 5000 ft but you are right....
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.77 |
Change
-0.020(0.72%) |
Mkt cap ! $878.8M | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.80 | $2.76 | $1.922M | 691.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2000 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 4464 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| DXI (ASX) Chart |