RE: Either hold or sell3 Oct 2023 15:00
EP,
circulating rumors does better with a source given, like Reddit, X, whatsapp, facebook........, but the best is right from horses mouth & second to that would be like, " distant cousins husbands friends son works in Aakash Exploration " . Zag might`ve bought your shares while trying to play " breakout "
" Gas is a little different, because its compressible and will expand by itself up a production well, leaving less pressure supporting the rock strata above. But permeable rocks are rarely fragile sponges. They are normally more rock than void and can still support the load without the removed gas pressure. Groundwater will normally find a way in sooner rather than later in geological terms if not human ones.
Sometimes where everything is soft weak mud-like rocks, there is indeed subsidence above. If that subsidence is offshore, its not much of a problem. " by Nigel Arnot
Egypt slams rumors of Zohr gas field collapse, announces $1.2 billion investment July 25, 2023
https://www.oilandgasmiddleeast.com/news/egypt-slams-rumors-of-zohr-gas-field-collapse-announces-1-2-billion-investment