Short Term Trading Week Starting: 2 Nov, page-320

  1. V8
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    STTCOMP TSV, FA Long

    Gas Explorer in WA

    Market Cap $40m, Cash $2.5m.

    Recent ann has them adding another 100m to largest ever gas column which makes a 320 metre pay zone and the hole ended in pay and surprisingly they have also got some fluorescence in recent drill results suggest liquids as well.


    Wireline log results due next week which should significantly increase the recoverable gas in the largest undeveloped on shore gas find in Australia.

    Fraccing to follow these two wells

    All exploration funded by Alcoa who are the largest gas consumer in Western Australia.
 
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