I also thought yesterday was a strange one but thats the markets for you.......I thought we would have seen it pick up in the afternoon towards close, but not to be.
Maybe the market is still digesting the news and getting up to speed with this update and the potential value this provides to AKK?
I still think its a great result, better than i had envisaged.
If the 1/64 choke is correct (i have sent an email to the company to clarify) then the corresponding oil/gas output is brilliant and the pressure in that well must be very high.
Even if its a typo and its on a slightly larger choke i still think its a great outcome and will be commercial.
So, lets see what happens over the next few days. My money is on increasing oil output as the gas is slowly drawn off and the choke is opened up. SP will rise accordingly.
Don't forget, we have an excellent technical team and in addition to that Richard Cottee who can drive the business and pull together the deals (ie JV's).
All good.
JW
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I also thought yesterday was a strange one but thats the markets...
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