I hold with confidence, all info released to date from company is positive - hydrocarbons detected, extra sands identified, tests show it should flow, communication established etc etc.
The one word (inconclusive) that sent this share price south was, i believe, misconstrued as "code" for there is no gas or no flow etc. When according to TasTarga on 28/1/09 a company inside source indicated that the initial reason for inconclusive may very well have been genuine because as it turns out "cement got around the first test process and effectively blocked any noticeable recovery".
reason for trading halt, page-5
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Last
$1.48 |
Change
0.025(1.72%) |
Mkt cap ! $1.172B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.46 | $4.051M | 2.756M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22371 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 1029 | 1 |
View Market Depth
| Last trade - 15.59pm 17/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |