ARQ 0.00% 8.7¢ arq group limited

Encouraging results don't seem to be too encouraging to...

  1. 495 Posts.

    Encouraging results don't seem to be too encouraging to me.

    Sounds like no oil and a bit of gas - much like the way I feel some monday mornings.

    If I understand correctly, drilling is complete - since there was no mention of resuming drilling, just doing the tests -- so I assume the bottom formation (which it seems they've reached) yielded zip.

    My guess is if / when they remove the lost bits, tests will be conducted to "further enhance their understanding of the structures", but the well is not of commercial value.

    Or am I being too negative?

 
watchlist Created with Sketch. Add ARQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.