Obviously no one here has read all their drilling reports
They have been saying now for about 10 years that the entire area is gas saturated but they need fracturing(of wallets) to get it out
They also say they have multiple zones flowing but never at commercial rates and it looks like this one is the same
"indeterminate flow rates" from these guys in all likely hood means another "DUSTER"
Sinopec apparently evaluated this area and you never heard from them again
Also this carrot also has been dangled MANY times
"Identification of liquid hydrocarbons from electric logs, DST#1(1383-1478m) analysis and core data indicates that both oil and condensate are also present in the Strzelecki Group."
this reads to me is "while we were drilling traces of oil was observed with the gas" well duh!
For Annells to give up this futile search in this area would mean a big hit to what I suspect is a fragile ego
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Last
$1.06 |
Change
-0.170(13.8%) |
Mkt cap ! $70.77M |
Open | High | Low | Value | Volume |
$1.25 | $1.25 | $1.04 | $213.9K | 182.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3552 | $1.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.17 | 540 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3552 | 1.060 |
1 | 1004 | 1.050 |
1 | 560 | 1.040 |
1 | 588 | 1.020 |
6 | 18000 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.170 | 540 | 1 |
1.180 | 2054 | 1 |
1.200 | 10700 | 2 |
1.230 | 4077 | 1 |
1.240 | 4980 | 1 |
Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
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Shanthar Pathmanathan, MD
Shanthar Pathmanathan
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