re: waraga, page-3

re: waraga Volume is 2.7 million, looks like it will finish at around 3.5 million, approximately 40 to 50% of average HDR volume, it appears that most buyers have put the cue in the rack and are unwilling to hold over the weekend due to uncertain markets tonight in the US, pattern will most likely continue next week with Fin. year looming.
The HDR announcement is good, the lower sands had a low net/gross 10% to 20%[thinner sands] so 1500 barrels choked is good IMHO as the lower zone is approximately 5 metres, if the other target profiles are accurate, ie middle zone of 27 metres and an upper zone of 45 metres with better than 50 % net to gross perhaps Waraga could push way past the 5000 barrels per day, got to be happy with that especially on land.
The market will wake up when the "analysts" do their homework, when the market settles and the Fin Year selling is finished.
cheers