ITC 0.00% 8.2¢ impress energy limited

is the cooper basin drying up

  1. 5,417 Posts.
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    Heard on ABC radio this morning a report from a pilot who regularly overflies Lake Eyre that it's level is now down to 15% from 70% at its peak even though runoff from the Cooper and another source is still being maintained. He further stated that he thinks within a month the lake will be dry due to the increased evaporation rate experienced there.
    I wonder if the recent trading activity is a reflection of the earlier than anticipated startup of drilling.
 
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