Market info, i agree with Doodlebugger .. i haven't read your report but did read the old kimberly oil reports. They promoted Yulleroo2 for a while trying to attract a farminee, to no avail. The key selling point, from memory, was the use of horizontal drilling to unlock the condensate potential ... but no sale! Not sure if they were guilding the lillie to get a farminee? but there's no reason for ARQ to promote Yulleroo.
If Yulleroo-2 comes in another unknown result because of formation damage etc .. I won't be a happy camper! I thought they had enough info from Y-1 without drilling another test well but obviously not. Maybe old data too unreliable? Hope they get better reservoir quality on a more crestal location .. AND definite results!!!
If ARQ could get a good flow rate on this well, especially liquids, I think the 'bears' might take notice!?
The Canning basin needs to be unlocked .. I haven't seen that yet.
Bg.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
