Pisces See the two analysts reports on company web site This is not a normal drill operation where a duster is always possible In the first part of the program they are trying to improve oil flow out of existing wells The equivalent of a duster would be flow continues at present stop start rate while they wait for pressure to build up .In the second part of the program new wells are to be sunk but near enough to existing wells to gain better flow rates while confirming or not greater areas of oil field Therefore it is about as derisked as it is possible for a drilling operation to be
I am not sure but it looks like smaller speculators are taking some shares off sxy
The response from Acer directors will be interesting but they are going to have to move before the stock becomes to locked up Could trade about 31cents today unless there is an announcemnet that pushes it higher
ACN Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held