Member Info for JohnHenry

Not seeing how L2 is showing a breakout ? care to share why Clintek ?

The price has gone up over 100% in 4 trading days. Maybe time for a little cool off before the next leg higher.

The gap is between 1.925 - 2.010 until further news imho the market will trade down to these levels.
Thats not negative its simply trading needs to flush out an overbought position.

im guessing your charts use a UT close rather than a Mid close.
Gap up Tuesday morning from Mondays 1.925p Mid price close.

i expect the SP to decline and fill or trade in the gap before moving higher.
Market at present is fishing for a solid support area.

Note no use of the word ONLY.
460p is a great price, down from 710p which imho will affect sentiment.

If anyone is in doubt regarding Stable flow.
The Company will make nominations for gas sales when it is satisfied of stable flow, uninterrupted by electronic trips, for an extended period of time being not less than 8 hours continuous flow which we strongly believe will occur before the end of August.
To make nominations the company would have achieved stable flow with B2.
A4 being introduced imho

Price tumbling doesnt help sentiment. Currently 460p

Baits, the market discounts. Traders will sell on the expect news.

Bridgedogg1 absolute twaddle, i suggest you read the RNS from the 25th August.

DrAim agree we may just have a run away gap.
Jrlomax ? im guessing he/she is one of the many green boxs i am seeing.

Price needs to find and build a support level, gaps generally get filled.
yesterdays gap looks a decent area to build that support level.
Daily RSI at 79, overbought and gives the PA a chance to cool and establish support.
However a blockbuster RNS will change the above.

Lets get this gap filled and perhaps build some technical support.

If no news my guess is the price will spike down and fill yesterdays gap 1.95p at some point intra day, however will probably finish blue.

i think the plant has been designed to flow around 10mmscf/d.
The flows from B2 and A4 will be initially high and reduce over time.
Sidetrack will be needed to maintain 10 mmscf/d

RSI 82 so needs to cool

Retrace will more than likely take the SP back to the gap @ 1.95p

retrace and consolidation before wave 3
Aimho

When the plant was decommissioned in 2017 it was producing 5mmscf/d from two wells B2 and A4
Latest RNS tells us B2 was flowing at 5 MMs f/d A4 soon to be connected and flowed.
Any information on breakdown of flows between B2 and A4 in 2017 ?
Interested to know as to what the potential initial flow rate from A4 could be.

What a stupid message. in a few years you won’t be getting the same price for gas as last month. Production needed to come on line asap and make hay while the sun shines.