I think that the initial lack of reaction come from the following two points.
"The lower permeability nature of these sands means they require fraccing and flow testing to determine whether they will flow at commercial rates."...
So where does this leave us? Is it possible that even though we have found a much bigger, column 225 vs. an expected 85, is it possible that the flow rate could be too low?
Is there anyway of judging that possibility at this point?
"Frac equipment is currently in high demand, and the Heintschel #1 is scheduled for fraccing approximately 60 days from the date of this release (i.e. in late June)"...
This is also a downer especially given that proximity to the options expiring. But it is what it is so...
Other than that you would have to be pretty happy. Specifically from the perspective of the confirmation of the seismic analysis, again.
We will eventually get a duster one day but so far it's all good. And if we keep getting nearly 3 time what we are expecting... well :)
But the reality is we don't actually know we have anything more than 0.38mmcfd, so once again it is what it is...
- Forums
- ASX - By Stock
- BUR
- today
today
-
- There are more pages in this discussion • 68 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 BUR (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
0.007(11.1%) |
Mkt cap ! $10.52M |
Open | High | Low | Value | Volume |
6.3¢ | 7.0¢ | 6.3¢ | $1.908K | 29.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31250 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31250 | 0.064 |
1 | 43000 | 0.063 |
4 | 109421 | 0.062 |
2 | 116393 | 0.061 |
2 | 83283 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 200 | 1 |
0.070 | 5523 | 1 |
0.095 | 200000 | 1 |
0.100 | 99999 | 1 |
0.110 | 10000 | 1 |
Last trade - 10.03am 15/10/2024 (20 minute delay) ? |
Featured News
BUR (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online