Good question, I guess you're really asking whether or not Kurnia will be commercial. If so, it's goodbye to $1 forever. If not, it's probably back to 60c.
Personally, I think Kurnia will deliver. It will take a while to work up the prospect with more appraisal drilling before they can conclude a total reservoir size but I'm pretty confident of a decent flow this week, which should move us clear of $1 forever. And with Gurame around the corner and 2,000bopd from the Cooper Basin we could be closer to $2 than we think.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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7 | 855221 | 0.215 |
11 | 864238 | 0.210 |
9 | 364688 | 0.205 |
9 | 358300 | 0.200 |
Price($) | Vol. | No. |
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0.230 | 345000 | 6 |
0.235 | 851491 | 22 |
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