The company has informed me that when mud is lost to the formation, there have been commercial discoveries of oil. When mud is lost as not to provide "shows", the drilling company must test the zone. This happens in the Middle East for example. Also, if the 25metres of hydrocarbon saturations in the Anderson are oil, the well will be commercial. Encouraging but optimistic views from an oil techy.....
spoke to company
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Last
$3.82 |
Change
0.150(4.09%) |
Mkt cap ! $2.506B | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.82 | $3.68 | $4.365M | 1.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15199 | $3.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.82 | 49312 | 5 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| EMR (ASX) Chart |