Valentine (ARQ)
Sugarloaf (ADI)
My understanding is both wells are really test wells and not really expected to have commercial flows? If flow rates are encouraging then horizontals may follow.
I have a fear that the irrational market by rate both these shares down if the flow rates are not commercial even though this is what is expected? (So long as there are signs of gas)
PS My view is Valentine will probably be wet gas
Any views?
PS Agentm - do you follow ARQ as well as ADI?
valentine vs sugarloaf
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $50.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.0¢ | $2.910M | 19.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 239951 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 572545 | 10 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |