An overdue recovery on good volume and a strong Friday close undoubtedly helped by the strong market close. We're now only about 3 months away from the release of the results of the experimental drilling (closer spacing & stacking of laterals) and that could seriously impact on the reserves valuation, which take account only of a 50% weighted contribution from the overlying Austin Chalk, if I remember correctly. The run-up to 2013 could be very pleasant for holders especially if the analysts start to prepare the market for what could prove to be a significant upgrade in reserves.
This is all speculation on my part.
The shares are glued to my broker account at the present.
An overdue recovery on good volume and a strong Friday close...
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Last
81.0¢ |
Change
-0.030(3.57%) |
Mkt cap ! $389.3M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 82.0¢ | 79.0¢ | $1.444M | 1.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 78805 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 36496 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FFM (ASX) Chart |