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
$1.56 |
Change
-0.005(0.32%) |
Mkt cap ! $3.547B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.57 | $1.54 | $6.996M | 4.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 50705 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 136978 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |