I don't think it was the technical jargon that is the problem - that people were hoping for oil in three formations and got one.
On technical aspects it was fantastic - very high porosity implies a very good production profile - and the fact these formations were deeper doesn't alter the fact there is oil higher but puts an upper limit on reservoir size. I suggest you google hydrocarbon traps or similar for a detailed explanation because it will take me hours to fully explain how hydrocarbons accumulate and get trapped, formation porosity/permeability and the characteristics of buried ancient reef structures like they are targetting.
This has been a huge over-reaction to what was not bad news - more like "warm news" whilst the market was hoping for "hot news".
IMO not a bad price from here and long-term you will likely do very well.
I don't think it was the technical jargon that is the problem -...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.4¢ |
Change
-0.001(1.05%) |
Mkt cap ! $23.20M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 9.1¢ | $5.351K | 56.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 384001 | 2 |
View Market Depth
| Last trade - 15.31pm 22/11/2024 (20 minute delay) ? |
| TDO (ASX) Chart |
