Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
maybe get the gap at 485 closed today or early next week, limit buy in place ready for it.
530 gap closed, just waiting on 485 now 😊
Chartist2 - nice rise this week, but gaps to fill at 485 and 535, any thoughts?
Mind the gap at 485, just saying....
Retreat to close gap around 490 before 500 barrier is finally broken imo
Don't stress over daily fluctuations, this is aim after all, expect a few dips before the test results. The well encountered over 40 metres of gas shows through the Upper Tobífera with gas peaks of over 195,000 ppm and a full distribution of C1 to C5 hydrocarbons. Pre-drill resources for the ELM-1004 well were calculated on the basis of net pay of 7-11-15m (P90-P50-P10). The determination of net pay from wireline log analysis with the complex mineralogy of the volcanic reservoir is, as normal in the basin, complicated, however initial interpretation computes around 14.5m of net pay within the section, that being towards the upper end of the range and encouraging from a volumetric and value perspective
Whilst we are waiting, a reminder of what we are looking at at ELM1004<br /><br />18 May 2018<br />Echo Energy plc<br /> Gas Discovery at ELM-1004<br /><br />Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the succesful completion of drilling of the ELM-1004 exploration well at the Company's Fracción C asset, onshore Argentina and a gas discovery for the first well in its four well exploration campaign.<br /><br /> The well has been drilled into the Lower Tobífera formation to a Total Measured Depth of 1,760 metres. The well encountered over 40 metres of gas shows through the Upper Tobífera with gas peaks of over 195,000 ppm and a full distribution of C1 to C5 hydrocarbons, as measured against referenced background gas levels of less than 10,000 ppm outside of the zone.<br /> <br />Pre-drill resources for the ELM-1004 well were calculated on the basis of net pay of 7-11-15m (P90-P50-P10). The determination of net pay from wireline log analysis with the complex mineralogy of the volcanic reservoir is, as normal in the basin, complicated, however initial interpretation computes around 14.5m of net pay within the section, that being towards the upper end of the range and encouraging from a volumetric and value perspective.