tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,447
- Reactions
- 6,477
Second Independent report finds PEP11 New Seaclem-1 Well Gas “Highly Likely”
MEC investee company, Advent Energy Ltd (“Advent”) is pleased to advise that it has received and reviewed
a report from global geoscientific and environmental consultants RPS Group (RPS) describing gas as “highly
likely “at the target drilling depths for the New Seaclem-1Well.
The New Seaclem-1 proposed drilling location is 55km east of Newcastle, NSW, and is designed to target
the Great White & Marlin prospects in PEP11.
The report from RPS covers the nature of the expected drilling
conditions for the top hole section of the New Seaclem-1 well.
RPS has reviewed each geological horizon in the seismic profile at the New Seaclem-1 proposed drilling site.
It concludes that in sediments from 471 to 605 metres below sea level that gas is expected to be
encountered......
Guess INQ now qualifies as an Outstanding. Still 10x as many buyers as sellers at the mo. Management team is the same as former IWL (taken over by CBA a few years ago).
Very green at this sort of thing... but had a play with Incredible Charts this morning and put through PRR. It was listed as a Potential Break-Out Alert in late October, but didn't eventuate. A wedge has been forming and broke out yesterday. Is someone able to advise, if I'm on the right track with my chart below?
tech/a ....BKP showing a rising three and didnt close below dominant green candle.... might reverse
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?