they have discovered 'sandstone' at this stage.
It might be worth a punt once the market has finished axing the stock today. I think that will depend on their cash position and the ability to attract another partner to complete another well down the track. It would have been very helpful if they even got a smell of gas. once again, the real money is in the speculation and not the result with oil and gas wells. meo and mmr are more proof of just how difficult this game is, even with all the data, gas seeps, onshore wells etc. I was hoping this well worked since its good for the market and punters. The MEO melt down started the sell off in the stock as people began to understand what would happen if the well did not come in. I am sure there will be folk thinking they can claim a tax loss here as well. I am not sure you can given you did not pay tax on the profits with this structure. good luck. I guess the company will say something else about this well in due course.dyor.
- Forums
- ASX - By Stock
- thick porous sandstone resevoir found
they have discovered 'sandstone' at this stage.It might be worth...
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.236M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MMR (ASX) Chart |
Day chart unavailable
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online