Afternoon all!
How are we? It seems a bit spooked today after the ann on the well progress which in my opinion was a total over reaction.
I find it necessary to summarize the reasons why you should still hold this stock as many people are jumping off the cliff one sheep after another.
Firstly SUR got into this well FREE CARRIED which means it has cost them nothing at all to drill, even if it is a complete duster (which remains to be seen until they have completed and wire logged the well).
Secondly this well has not yet been finished and whilst they did say they didn't hit the reservoir they expected to hit at 800m into the well I recommend all those thinking of selling to read this extract from the ann:-
'Reservoir quality fluvial deltaic sands, as interpreted from nearby well analogues, are still anticipated to be intersected deeper in the section.'
All is not lost for this well and the logging will show us what we really have down there.
Thirdly SUR has ONE MORE certain well to drill into the prospect and drilling will start there as soon as the rig has finished with Tapao Kaew #1 so there is still one additional well to look forward to. This well is located in a different area to the first one, so even if the first well is a duster that does not automatically make the 2nd well a duster too.
I hope some sense and confidence returns to this stock now that the nervous speculators have departed.
Good luck to those brave enough to hold steady in the face of adversity!
Adios amigos
- Forums
- ASX - By Stock
- PRM
- why i continue to hold sur
why i continue to hold sur
-
- There are more pages in this discussion • 49 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
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add PRM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.945M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 6226606 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1639764 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 6026606 | 0.005 |
9 | 3127272 | 0.004 |
3 | 1510009 | 0.003 |
6 | 2800009 | 0.002 |
8 | 7301091 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1639764 | 2 |
0.007 | 1178136 | 2 |
0.008 | 2597615 | 4 |
0.010 | 232137 | 2 |
0.011 | 1086800 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
PRM (ASX) Chart |
Day chart unavailable