This one isn't going to be used as a producer, it's just a test to see if the Shale is frackable and will flow gas.
If it flows reasonably (leys say more than 2 MMcfd), they'll then go an optimise the next fracked well and get something more like 6-8MMcfd. If gas starts getting up past $5-6 we would have a big commerical field, and a substantial reserves upgrade.
I haven't done any calcs, I'm just looking to the share price for clues as to whether it's commercial.
This one isn't going to be used as a producer, it's just a test...
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Last
$1.34 |
Change
-0.005(0.37%) |
Mkt cap ! $3.056B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.33 | $5.838M | 4.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10292 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 67620 | 5 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| BPT (ASX) Chart |