Very much a spec. One of the late entries into CSG. Had almost a 50% rise in SP during the last month,probably on the back of the CSG boom. Very few sellers so hard to buy with value. Could rise with the CSG boom. Has over 63 million shares but only 36.4 million listed.Hi Guys,
Been looking at this for a little while, it seems promising, anyone else been following their progress/projects?
Might be a bit difficult at these depths. Any opinions?Field fracture permeabilities within the prospect areas are likely to be sufficient for the development of economic gas flow rates, notwithstanding that many of the listed prospects have depths of over 2,000 metres. Continuity of seismic reflectors over the prospects is broken indicating substantial fracturing. Structural interpretation suggests that the prospects are in tensional settings, rather than compression, so fracture permeabilities should be sufficient to enable economic flow rates.
WOW.Update on O&G JV with UIL on EL447 (Perth basin) due by end May. New Seismic plan and drill plan to be announced.
Anyone with a company like to backdoor this for the $67m in accumulated losses?