Reg Nelson, Managing Director of Beach, said: “The Halifax-1 well has delivered what appears to be another sizeable gas saturated section through the Permian zone of the Nappamerri Trough. With the hydraulic stimulation of Moonta-1 expected to commence early next week, we are now rapidly building an understanding from west to east across the Trough of the size of this potentially game changing gas resource. Each well from this point forward will push this unconventional exploration play closer to the pilot production phase, which is anticipated in 2013.”
Can anyone explain why the market is not excited about this news and all the other positive announcements being made?? The market has risen over 100 points in the last few trading sessions though BPT has actually fell. Thank you in advance.
potentially game changing gas resource
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Last
$1.48 |
Change
-0.025(1.67%) |
Mkt cap ! $3.364B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.47 | $10.35M | 7.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 274032 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 1057 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |