Have to agree Ian, I expected higher flow rates of at least 800,000 cf from Wombat2. With 400,000 cf and the going rate is approx $2.10/1000 is not a lot revenue with respect to drilling. Although, it seems management are still optimistic and believe there is potential to increase flow rates.
The question is, will flow rates increase over time ?
Wombat 1 and 2 have not shown great results.
Many had higher expections, therefore some selling off but buyers still believe more to come, a bit of tug of war going on with the stock.
Cheers..
- Forums
- ASX - By Stock
- vg gas levels reported at wombat 2
Have to agree Ian, I expected higher flow rates of at least...
-
- There are more pages in this discussion • 8 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
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add LKO (ASX) to my watchlist
|
|||||
Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $58.8K |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LKO (ASX) Chart |
Day chart unavailable