2.4 million sale at end of evening.Price 10.6 P when trading price was 11.68
Is this the end of Darwin and can the price in London now run up
Mandurah think the announcement is too ambiguous to extend the figures but very exciting nontheless
US operating costs generally between $1 and 2/mcf
Decline curves typically show a rise from day one of production to 2 months time then a decline
On Barnett shales @5yrs the rate was half the one month rate
That condensate could be a very big bonus and Iam surprised more gamblers havent entered as a result
But with Darwin out the way and Patersons /Carmichael probably mainly out to free carried point we could see some action next week
Will they give us an interim update?
OEX Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held